Furukawa Electric : Presentation Materials for First Three Months of the Fiscal Year Ending March 31, 2024

Furukawa Electric Group

FY2023 Q1 Financial Results

August 3, 2023

Akihiro Fukunaga Director, Corporate Senior Vice President and General Manager of the Finance & Accounting Division

Furukawa Electric Co., Ltd.

All Rights Reserved, Copyright© FURUKAWA ELECTRIC CO., LTD. 2023

This presentation materials are created for the purpose of providing information on Furukawa Electric's activities for shareholders, investors, and members of the media.

Forward-Looking Statements

Projections of future sales and earnings in these materials are "forward-looking statements." Management offers these projections in good faith and on the basis of information presently available.

Information in these statements reflects assumptions about such variables as economic trends and currency exchange rates.

Forward-looking statements incorporate known and unknown risks as well as other uncertainties that include, but are not limited to, the following

items.

• Economic trends in the U.S, Europe, Japan and elsewhere in Asia, particularly with regard to consumer spending and corporate expenditures.
• Changes in exchange rates of the U.S. dollar, euro, and Asian currencies.
• Furukawa Electric Group's ability to respond to rapid advances in technology.
• Changes in assumptions involving financial and managerial matters and the operating environment.
• Current and future trade restrictions and related matters in foreign countries.
• Changes in the market value of securities held by the Furukawa Electric Group.

Due to the above factors, actual sales, earnings, and other operating results may differ significantly from forward looking statements in these materials. In addition, following the release of these materials, Furukawa Electric Group assumes no obligation to announce any revisions to forward-looking statement in these materials.

Copyrights

Furukawa Electric Co., Ltd. retains copyrights and other rights involving these materials. Copyright and otherwise reusing these materials in any way without prior consent is prohibited.

FY2023 Q1 Financial Results and FY2023 Forecasts

FY2023 Q1 Financial Results Highlights

• Profit decreased on lower revenue compared to the same period last year due to weaker demand of Communications Solutions in the Americas and global electronics demand

*Restated only the FY2022 financial results following the start of voluntary application of the International Financial Reporting Standards (IFRS) at the equity method affiliate UACJ Corporation (Refer to the Appendix for details)