Daiwa Japan acted as financial advisor to Furukawa Electric Co. Ltd. (Furukawa Electric) on the sale of its copper subsidiary business via a stock purchase agreement with CTJ Holdings2. Furukawa Electric intends to execute a stock purchase agreement with CTJ Holdings2 for its manufacturing and copper products, including Okumura Metal Group (Furukawa Electric’s consolidated subsidiary) and 42.25% of shares in Furukawa Metal (Thailand) Public Co. Ltd. (listed on the Thailand Stock Exchange). The transaction was formed through contributions from affiliated business entities operated by Japan Industrial Partners.