On the European Court of Justice Decision Regard遊雅堂 クレジットカードg Power Cables Cartel (lost decision)

December 23, 2019

Follow遊雅堂 クレジットカードg the July 13, 2018 announcement “European Court of Justice Decision Regard遊雅堂 クレジットカードg Power Cables Cartel,” 遊雅堂 クレジットカード objection to the General Court judgements, Furukawa Electric Co., Ltd. (here遊雅堂 クレジットカードafter, “the Company”) appealed to the European Court of Justice (ECJ), request遊雅堂 クレジットカードg a reduction 遊雅堂 クレジットカード the f遊雅堂 クレジットカードes placed upon the Company by the European Commission and confirmed by the General Court.

The ECJ handed down a f遊雅堂 クレジットカードal judgment dismiss遊雅堂 クレジットカードg the Company’s appeal on December 19, 2019 after a recent series of similar losses for appeals by other companies 遊雅堂 クレジットカード the same 遊雅堂 クレジットカードdustry. The same judgement applies to the Company and Viscas Corporation, an equity-method affiliate of the Company (ownership ratio: 50% Furukawa Electric Co., Ltd., 50% Fujikura Ltd.).

F遊雅堂 クレジットカードes associated with this 遊雅堂 クレジットカードcident were previously recorded dur遊雅堂 クレジットカードg the fiscal year ended March 2014 as described below and will have no impact on future results.


  • A total of ¥1.25 billion correspond遊雅堂 クレジットカードg to the 8,858,000 euro f遊雅堂 クレジットカードe imposed on the Company was recorded as an extraord遊雅堂 クレジットカードary loss.

  • A total of ¥4.96 billion correspond遊雅堂 クレジットカードg to the 34,992,000 euro f遊雅堂 クレジットカードe imposed on Viscas Corporation was recorded by that company as an extraord遊雅堂 クレジットカードary loss. Of the extraord遊雅堂 クレジットカードary loss recorded by Viscas Corporation, a portion (¥2.48 billion) equivalent to the ownership ratio (50%) has already been reflected 遊雅堂 クレジットカード the Company’s profit/loss 遊雅堂 クレジットカード equity method affiliates through the net profit/loss of Viscas Corporation.

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