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Business alliance1431Lib Work Co.,Ltd.Construction and Materials

Notice Regarding the Capital and Business Alliance with V3D Asia Co., Ltd.

Lib Work Co., Ltd. invested in V3D Asia Inc. and launched a capital and business alliance, acquiring approximately 10% of the voting rights. The companies will promote the rollout of 3D-printed homes in Southeast Asia, lower housing costs, and jointly develop new products.

Worth reading
68In focus
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Direction
Improvement
Direction inferred from the company’s description.
Scale
10
%
Wording
Conditional
How definitive the wording is.

Agreements reached under this partnership

Capital and Business Alliance
1431Lib Work Co.,Ltd.
Alliance partnerV3D Asia Inc.
Details of the alliance
  1. 1

    Promotion of collaboration and joint projects in Southeast Asia

  2. 2

    Cooperation framework in the Japanese market

  3. 3

    Joint development of new products

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Numerical targets under the alliance

An overseas sales ratio of 3% or more and a 40% reduction in the total cost (per-square-meter unit cost) of 3D printer construction by the fiscal year ending June 2029

Capital and personnel relationships

This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).

10.00%Our ownership stake in the partner’s shares
Shareholding ratio Approximately 10%
Dispatch of directors and officersThe investment will not change the company's management structure.
About the partner
Business DescriptionDevelopment of 3D printers for construction (3DCP), development of additives and materials for construction, and construction and construction support for buildings and civil engineering structures using 3D concrete printing (3DCP)
LocationChiyoda-ku, Tokyo
Impact on Business Performance

The impact on results for the fiscal year ending June 2027 is expected to be limited. Over the medium to long term, we aim to expand our earnings base by increasing sales opportunities through overseas business expansion and lower prices for 3D-printed homes, as well as by establishing a franchise and royalty revenue model.

Agreements reached under this partnership
ItemDetails
Name of alliance partnerV3D Asia Inc.
Alliance partner's business activitiesDevelopment of 3D printers for construction (3DCP), development of additives and materials for construction, and construction and construction support for buildings and civil engineering structures using 3D concrete printing (3DCP)
Alliance partner's locationChiyoda-ku, Tokyo
Type of allianceCapital and Business Alliance
Details of the alliancePromotion of collaboration and joint projects in Southeast Asia, Cooperation framework in the Japanese market, Joint development of new products
Shareholding ratioNot disclosed → Approximately 10%
Dispatch of directors and officersThe investment will not change the company's management structure.
Numerical targets under the allianceAn overseas sales ratio of 3% or more and a 40% reduction in the total cost (per-square-meter unit cost) of 3D printer construction by the fiscal year ending June 2029
Impact on Business PerformanceThe impact on results for the fiscal year ending June 2027 is expected to be limited. Over the medium to long term, we aim to expand our earnings base by increasing sales opportunities through overseas business expansion and lower prices for 3D-printed homes, as well as by establishing a franchise and royalty revenue model.
Items this document does not state (14)
Alliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceOverview of the joint ventureOwnership ratioContract PeriodShareholding PolicyDate of board resolutionContract DateAlliance start dateShare Acquisition Date and Payment DateChange in major shareholders

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To promote overseas expansion and cost reductions in our 3D printer construction business. By leveraging V3D Asia Inc.'s track record in construction and local network in Southeast Asia, as well as its low-cost 3D-printed construction technology, we aim to launch our overseas business, reduce construction costs, and expand housing supply.

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Notice Regarding the Capital and Business Alliance with V3D Asia Co., Ltd. | Lib Work Co.,Ltd. (1431) timely disclosure | Komori