Agreements reached under this partnership
Business alliance (under discussion)- 1
The parties are advancing discussions on a business alliance concerning sales of melting furnaces manufactured by Furness.
- 2
The parties plan to develop sales channels and conduct sales activities for the melting furnaces in Japan and overseas.
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
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).
The impact of this transaction on consolidated results for the fiscal year ending March 2027 will be immaterial. Interest income on these convertible bonds with stock acquisition rights, at an annual rate of 3.0%, will also be immaterial. The impact if the stock acquisition rights are exercised has not yet been determined.
| Item | Details |
|---|---|
| Name of alliance partner | 株式会社ファーニスジャパン |
| Alliance partner's business activities | Planning, design, manufacture, construction and operation management of technologies for processing waste, hazardous substances and other materials, and separating mineral resources, using FJ-type electric resistance melting furnaces |
| Alliance partner's location | Minato-ku, Tokyo |
| Alliance partner's capital | ¥30 million |
| Alliance partner's net sales | ¥0 thousand (fiscal year ended January 2026) |
| Alliance partner's operating income | Operating loss of ¥23.562 million (fiscal year ended January 2026) |
| Type of alliance | Business alliance (under discussion) |
| Details of the alliance | The parties are advancing discussions on a business alliance concerning sales of melting furnaces manufactured by Furness., The parties plan to develop sales channels and conduct sales activities for the melting furnaces in Japan and overseas. |
| Number of shares acquired | 200 shares (percentage of total shares issued: Not disclosed) |
| Acquisition price | ¥51 million |
| Date of board resolution | 14 August 2026 |
| Contract Date | 14 August 2026 (scheduled) |
| Share Acquisition Date and Payment Date | Transfer execution date: 14 August 2026 (scheduled) |
| Impact on Business Performance | The impact of this transaction on consolidated results for the fiscal year ending March 2027 will be immaterial. Interest income on these convertible bonds with stock acquisition rights, at an annual rate of 3.0%, will also be immaterial. The impact if the stock acquisition rights are exercised has not yet been determined. |
Items this document does not state (9)
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.The company evaluated Furness's metal recovery technology as contributing to resource recycling, regional revitalization and the revitalization of local economies, and as aligned with its investment policy. It aims to increase Furness's corporate value and generate future investment returns by providing growth capital and supporting business development through its expertise.