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Furukawa Electric Books ¥21.7bn Gain as Part of Its UACJ Stake Sale Closes

Furukawa Electric sold part of its UACJ stake for about ¥28.3bn on September 25, booking a ¥21.7bn gain that was already priced into the previous day's revised interim forecast, leaving full-year guidance unchanged.

Illustration of stacked aluminum coils and copper wire reels in an industrial warehouse, with a partitioned, shaded section of the aluminum stack representing a partial stake sale.

Furukawa Electric has executed the transaction it flagged a day earlier: on September 25, 2026 it sold part of its shareholding in UACJ, the listed aluminum maker, for approximately ¥28.3bn, recording a gain of approximately ¥21.7bn. The company's own disclosure describes the disposal as covering "part" of its holding in the single listed security, not the entire position.

The gain lands as extraordinary profit in the second-quarter, interim results for the fiscal year running through March 2027. Furukawa Electric says the amount is already built into the revised interim consolidated forecast it published on September 24, and that its full-year guidance has not changed. That timing means the sale confirms, rather than resets, Tokyo Brief's earlier coverage of the pre-announced gain.

The company backed this up with a formal extraordinary report to the Kanto Local Finance Bureau, citing the ¥21.7bn special gain and describing the event as materially affecting its financial condition, results and cash flow under the Financial Instruments and Exchange Act. That filing does not itself name the securities sold, though the same-day TDnet release does.

A second EDINET filing that same day is pure paperwork: an amendment to Furukawa Electric's ¥140bn bond shelf registration, which simply incorporates the extraordinary report as a reference document. The amendment leaves the shelf's terms, ¥140bn issuance ceiling and September 2027 expiry untouched; it is not a new bond program.