Summary of Key Points from the Conference Call Industry Overview - **Industry**: Wire & Cable - **Region**: Japan Core Insights - **Optical Fiber Connector Exports**: In January, the export value of optical fiber connectors reached ¥4.3 billion, marking an increase of 82% year-over-year (YoY) and the second highest recorded level after December 2025. The three-month average also showed a strong increase of 61% YoY, although there was a 5% decrease month-over-month (MoM) [4][9] - **Optical Fiber/Cable Exports**: The total export value for optical fiber and cables was ¥8.2 billion, reflecting a 71% YoY increase and a three-month average increase of 56% YoY, despite an 8% decrease MoM. Optical cables accounted for ¥5.0 billion and optical fiber for ¥3.2 billion [5][9] - **Demand Drivers**: The robust demand is attributed to the cross-connectivity needs of AI servers, which require significantly more connectors than usual. Exports to Asia remained strong, indicating a healthy market [4][6] Implications for the Industry - **Market Demand**: The brisk shipments of optical fiber/cables and connectors confirm strong demand from data centers, which is a positive indicator for the wire and cable industry. The upward trend in apparent unit prices per ton for optical fiber and connectors suggests a favorable pricing environment, although monthly fluctuations are noted [6][9] - **Export Breakdown**: The export value breakdown indicates that shipments cleared through Tokyo Customs are primarily from Fujikura and Sumitomo Electric, while those through Nagoya Customs are from Furukawa Electric. This reflects the competitive landscape among major players in the industry [4][11][13] Additional Insights - **Export Performance**: The performance of both optical fiber/cables and connectors in January was strong, with significant contributions from North America and Western Europe, driven by shipments of ultra-high density cables to hyperscale data centers [11][13] - **Splicer Exports**: The export value for splicers showed mixed results, with a decline of 9% YoY from Kumamoto customs but a significant increase of 200% YoY from Yokohama customs, indicating variability in demand across different product categories [12] - **Key Manufacturing Sites**: Major optical fiber/cable manufacturing sites in Japan include SEI's Yokohama Works, Fujikura's Sakura Works, and Furukawa Electric's Mie Works, highlighting the concentration of production capabilities in specific regions [13] Conclusion - The wire and cable industry in Japan is experiencing robust growth, particularly in the optical fiber and connector segments, driven by increasing demand from data centers and AI applications. Monitoring of monthly trends and price fluctuations will be essential for understanding future market dynamics [6][9]

Group 1 - The company, Asia Pacific Wire & Cable Corporation Limited (APWC), has announced the commencement of a rights offering to raise equity capital [1][4] - The rights offering allows shareholders to purchase additional common shares at a subscription price of $1.66 per share, with a record date of December 11, 2025 [2][3] - The offering includes a basic subscription right and an over-subscription right, enabling shareholders to buy additional shares if available [2] Group 2 - The company expects to raise approximately $33.9 million in net proceeds from the rights offering, which will be used for general working capital and corporate purposes [4] - The management believes this offering provides a fair opportunity for existing shareholders to participate in the company's growth plans, particularly in entering the North American market and investing in new products and technologies [5] - The subscription period for the rights offering starts on December 18, 2025, and ends on January 23, 2026 [3] Group 3 - Asia Pacific Wire & Cable Corporation Limited operates primarily in the manufacture and distribution of enameled wire, power cable, and telecommunications products across various Asia Pacific markets [8] - The company also provides project engineering services related to power cable supply, delivery, and installation [8] - Major customers include appliance component manufacturers, electrical contracting firms, and state-owned entities [8]

Core Insights - Asia Pacific Wire & Cable Corporation Limited (APWC) reported third-quarter revenue of $128.4 million, reflecting a 1% increase from the previous quarter and a 5% increase year-over-year [1][6][7] - The company experienced a 2% increase in copper unit volume from Q2 and a 12% increase from the same period last year, indicating strong demand for its products [2][3] - Despite revenue growth, net income decreased by 21% compared to the same period last year, primarily due to unfavorable foreign exchange movements in 2024 [3][11] Financial Performance - Quarterly revenue was $128.4 million, up $6.2 million (5%) year-over-year and up $1.5 million (1%) sequentially, driven mainly by new orders from public sector customers [6][8] - Gross profit for Q3 was $11.1 million, a 29% increase from Q2 and a 19% increase year-over-year, with a gross profit margin of 8.7% [3][11] - Operating profit reached $3.8 million, up 52% from Q2 and up 19% from Q3 2024 [3][7] Revenue Breakdown - North Asia revenue was $21.3 million, a 20% increase year-over-year but a 6% decrease sequentially, driven by increased sales to the electric vehicle and drone industries [5][8] - Thailand revenue increased by 14% both year-over-year and sequentially, attributed to higher order volumes from public sector projects [9] - Revenue from the Rest of the World (ROW) segment declined slightly due to decreased SDI revenue, although demand for public sector projects remains strong [10] Cost and Expenses - Total operating expenses increased by 14% from the previous quarter, mainly due to higher research and development costs related to flat wire products [12] - The company is focused on reducing working capital and inventory levels to improve cash flow [3][14] Cash Flow and Balance Sheet - Cash and cash equivalents increased to $35.3 million, driven by lower inventory levels and higher accounts payable [14] - Trade receivables decreased to $97.4 million, reflecting improved cash collections [14] - Inventory levels decreased by $7.0 million to $137.4 million, attributed to increased public sector demand [15] Market Outlook - The company remains cautious due to an uncertain macroeconomic outlook and pricing pressures from increased competition [3] - The CEO highlighted the importance of public sector projects as a reliable income source, with contracts often awarded 2 to 3 years before project commencement [3]

As filed with the Securities and Exchange Commission on August 29, 2025 Registration No. 333-XXXXX FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) 15/Fl. B, No. 77, Sec. 2 Dunhua South Road Taipei, 106, Taiwan Republic of China Tel: +886-2-2712-2558 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED (Exact ...