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11 Aug 2017 12:35:00
Management Discussion and Analysis Quarter 2 Ending 30 Jun 2017
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                Management Discussion and Analysis

Company name                             : FURUKAWA METAL (THAILAND) PUBLIC 
Year                                     : 2017
Quarter                                  : Quarter 2
Ending                                   : 30-Jun-2017
Note                                     :
11  August  2017

Subject    :    Management's Discussion and Analyst of Operating Results of 2nd 
Quarter in 2017
Attn        :    Managing Director and Manager of Stock Exchange of Thailand

From the results of the second quarter ended 30 June 2017, the Company's net 
profit was 39 million baht - a decrease of 15 million baht or 27.8 % due to
1.    Gross profit of 2017 decreased 26.8 million baht, a 20.2 % compared with 2016
 due to LME price was higher than 2016 and high competitive on pricing in 2017.
Unit : Million baht    2017    2016    Increase / (Decrease)
Sales amount    1,605          1,436     168 - Demand of air-conditioner
            and refrigerator increased.
Cost of good sold    1,498          1,304     195 - Higher increase than sales
Due to LME price was higher than 2016 and high competitive on pricing in 2017 
including sales quantity of high margin product was decreased.
2.    A decreasing of exchange gain 1.5 million baht or 82.3 % compared with the 
previous year as the result of more strength of Thai baht.
3.    Other income was increased 5.5 million baht or 295.5 % from previous year due
 to gain on hedging cost of material 6.8 million baht.
4.    Operating expenses of 2017 decreased 4 million baht, a 5.8 % compared with 
2016 due to
Unit : Million baht    2017    2016    Increase / (Decrease)
Operating expenses      61     56     5 - Selling expense increased due to
            sales quantity increased.
Loss on Hedging cost of material        0       9     (9) - Customer absorbs in delivery
    For  your information
        Sincerely yours,
                        ( Mr. Takashi   Yamamoto and Mr. Makoto  Kasuga )
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