Agreements reached under this partnership
Establishment of a joint venture- 1
We will provide expertise including the use of our extensive product portfolio and essential technical support, such as field application engineering (FAE), to meet customer needs.
- 2
RASHI and the Company will promote cross-selling of the respective product portfolios they hold.
- 3
Centered on semiconductor products, a strategic product category for which we have newly obtained distribution rights in India, we will combine these products with RASHI's existing product portfolio to develop a sensing solutions business for industrial equipment.
- 4
We will promote solution proposals and cross-selling for Tier 1 automotive equipment manufacturers.
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
Medium-term business scale target of more than ¥10 billion
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 the Company's consolidated results for the full fiscal year ending March 2027 is immaterial.
| Item | Details |
|---|---|
| Name of alliance partner | Rashi Peripherals Limited |
| Alliance partner's business activities | A leading specialist distributor of ICT products. The company handles a broad range of products, from consumer equipment to embedded systems, semiconductors and enterprise solutions, and provides products and services to numerous channel partners in collaboration with global manufacturers. |
| Alliance partner's location | Mumbai, India |
| Type of alliance | Establishment of a joint venture |
| Details of the alliance | We will provide expertise including the use of our extensive product portfolio and essential technical support, such as field application engineering (FAE), to meet customer needs., RASHI and the Company will promote cross-selling of the respective product portfolios they hold., Centered on semiconductor products, a strategic product category for which we have newly obtained distribution rights in India, we will combine these products with RASHI's existing product portfolio to develop a sensing solutions business for industrial equipment., We will promote solution proposals and cross-selling for Tier 1 automotive equipment manufacturers. |
| Shareholding ratio | Not disclosed → The Company: 26% |
| Overview of the joint venture | Name Rashi Restar Semiconductor Solutions Pvt Ltd. (planned) / Location Unit 401, Pride Hulkul, 4th Floor, 116 Lalbagh Road, Wilson Garden, Bangalore South, Bangalore-560027, Karnataka, India / Business Description Sales activities for a range of semiconductors in the Indian market, a sensing solutions business for industrial equipment, and solution proposals and cross-selling for Tier 1 automotive equipment manufacturers / Capital Contributions Not disclosed / Ownership ratio RASHI: 74% / the Company: 26% |
| Ownership ratio | RASHI: 74% / the Company: 26% |
| Numerical targets under the alliance | Medium-term business scale target of more than ¥10 billion |
| Contract Date | 7 August 2026 |
| Alliance start date | Business through the joint venture is scheduled to commence in October 2026 |
| Share Acquisition Date and Payment Date | 1 October 2026 |
| Impact on Business Performance | The impact of this transaction on the Company's consolidated results for the full fiscal year ending March 2027 is immaterial. |
Items this document does not state (10)
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 enter the Indian market rapidly and efficiently by leveraging RASHI's sales infrastructure, customer base, market understanding and knowledge of local business practices, against the backdrop of growth in India's semiconductor market and government policy support.