Announced details
Road surveying and road network data development in the Kingdom of Saudi Arabia
There are no capital, personnel or other business relationships apart from this contract, and the counterparty is not a related party. The contracting entity is Dynamic Map Platform Arabia Limited, a consolidated subsidiary of the Company.
Based in Riyadh, Kingdom of Saudi Arabia. The Chief Executive Officer is Yasser Alobaidan. The company provides digital platforms and solutions related to smart cities, digital twins, AI, cloud services and data centers. Its capital and date of establishment have not been disclosed.
Riyadh, Kingdom of Saudi Arabia (DMP Arabia)
15,913,451 Saudi Arabian riyals (excluding VAT; approximately ¥670 million)
The impact on consolidated results for the fiscal year ending March 2027 is limited. There is no change to the consolidated earnings forecast for the fiscal year ending March 2027. Revenue is expected to be recognized in the fiscal years ending March 2027 and March 2028, although the amount to be recognized in each fiscal year has not been determined at this time.
The company does not address Offering price.
NAVER Innovation official website (location, representative and business description of the counterparty)
| Item | Details |
|---|---|
| Names of Products / Services Covered | Road surveying and road network data development services |
| Counterparty | NAVER Innovation |
| Counterparty overview | Based in Riyadh, Kingdom of Saudi Arabia. The Chief Executive Officer is Yasser Alobaidan. The company provides digital platforms and solutions related to smart cities, digital twins, AI, cloud services and data centers. Its capital and date of establishment have not been disclosed. |
| Relationship with the Company | There are no capital, personnel or other business relationships apart from this contract, and the counterparty is not a related party. The contracting entity is Dynamic Map Platform Arabia Limited, a consolidated subsidiary of the Company. |
| Contract Value | 15,913,451 Saudi Arabian riyals (excluding VAT; approximately ¥670 million) |
| Contract Date | 27 October 2026 |
| Applicable area | Road surveying and road network data development in the Kingdom of Saudi Arabia |
| Location | Riyadh, Kingdom of Saudi Arabia (DMP Arabia) |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending March 2027 is limited. There is no change to the consolidated earnings forecast for the fiscal year ending March 2027. Revenue is expected to be recognized in the fiscal years ending March 2027 and March 2028, although the amount to be recognized in each fiscal year has not been determined at this time. |
| Source | NAVER Innovation official website (location, representative and business description of the counterparty) |
Items this document does not state (8)
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.Because DMP Arabia and NAVER Innovation agreed on the contract terms.