Notice Regarding Debt Forgiveness for Biscas Corporation
Fujikura will dissolve its equity method affiliate, Biscas, and has decided to forgive its debt.
📋 Article Processing Timeline
- 📰 Published: March 28, 2026 at 21:48
- 🤖 AI Analyzed: May 26, 2026 at 21:27 (1415h 38m after Published)
At a board of directors meeting held on March 27, 2026, Fujikura Ltd. resolved to dissolve Biscas Corporation, an equity method affiliate of Fujikura, as of March 31, 2026, and to forgive the claims against the company.
1. Background
Biscas Corporation (hereinafter referred to as "Biscas") is a joint venture company equally invested in by Fujikura and Furukawa Electric Co., Ltd. (hereinafter referred to as "Furukawa Electric"). The termination of the joint venture business was agreed upon by both parties as of October 1, 2016, and efforts have been made towards its winding up. Now that a certain prospect for the winding up of Biscas's business has been established, Fujikura and Furukawa Electric have agreed to forgive the claims held by both companies against Biscas and dissolve the company.
2. Overview of the Equity Method Affiliate
|
(1) Name |
Biscas Corporation |
|
(2) Location |
1-8-8 Haneda Airport, Ota-ku, Tokyo |
|
(3) Representative's Title and Name |
President Ichiro Ishigaki |
|
(4) Business Description |
Manufacturing and sales of wires, cables, etc., and design, construction, and supervision of related work |
|
(5) Capital |
10 million yen |
|
(6) Date of Establishment |
September 26, 2001 |
|
(7) Net Assets |
△15,951 million yen (As of March 31, 2025) |