This transaction
Establishment of Estonian subsidiaryThe voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
Sales and maintenance of unmanned aircraft for defense applications and related systems, logistics management, and collaboration with local partners
The impact of this transaction on consolidated results for the fiscal year ending January 2027 is expected to be immaterial.
| Item | Details |
|---|---|
| Transaction name | Establishment of Estonian subsidiary |
| Name of the Subject Company | Terra Defense Europe OÜ |
| Business Description of the Subject Company | Sales and maintenance of unmanned aircraft for defense applications and related systems, logistics management, and collaboration with local partners |
| Location of the Subject Company | Tallinn, Republic of Estonia |
| Capital Stock of the Subject Company | US$400 thousand (approximately ¥62 million, based on an exchange rate of US$1 = ¥155) |
| Date of Establishment of the Subject Company | 5 June |
| Voting rights ownership percentage | After 100% (Terra Drone Corporation) (before not disclosed) |
| Impact on Business Performance | The impact of this transaction on consolidated results for the fiscal year ending January 2027 is expected to be immaterial. |
| Date of board resolution | 23 March 2026 |
| Execution Date / Effective Date | 5 June (established) |
| Management structure after acquisition | Representative Director: Tokushige Toru (徳重 徹). The subsidiary is scheduled to function as the central base for Terra Drone’s European defense operations. Its equity interests are scheduled to be transferred to the U.S. subsidiary Terra Defense (tentative name). Employee treatment: not disclosed |
Items this document does not state (21)
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.Estonia is being positioned as an important base for Terra Drone’s European defense operations to support the expansion of its defense business in Europe and collaboration with local partners. The company also states that it will consolidate and transfer its equity interests in 2 Ukrainian companies and a planned joint venture to optimize the management structure and investment efficiency of its defense business.