This transaction
This capital increaseThe voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Manufacture and sale of synthetic leather products
The Company expects the impact of this transaction on its consolidated results to be immaterial, but believes that it will contribute to improved results over the medium to long term.
| Item | Details |
|---|---|
| Transaction name | This capital increase |
| Name of the Subject Company | KYOWA INDIA PRIVATE LIMITED |
| Business Description of the Subject Company | Manufacture and sale of synthetic leather products |
| Location of the Subject Company | India (Gurugram, Haryana) |
| Capital Stock of the Subject Company | After the capital increase: approximately 1,764 million rupees (¥3.0 billion) (planned); current: approximately 59 million rupees (¥100 million) (planned) |
| Date of Establishment of the Subject Company | September 2026 (scheduled) |
| Type of Consideration | Cash (funds contributed by the Company to KI) |
| Voting rights ownership percentage | Before 99.90% (planned) → after 99.99% (planned) |
| Impact on Business Performance | The Company expects the impact of this transaction on its consolidated results to be immaterial, but believes that it will contribute to improved results over the medium to long term. |
| Date of board resolution | 31 August 2026 |
| Execution Date / Effective Date | October 2026 (planned capital increase) |
| Management structure after acquisition | The representative will be Hanai Mikio (花井幹雄). The Company’s officers and employees are expected to concurrently serve as directors of the company. The change of corporate name and treatment of employees are Not disclosed. |
Items this document does not state (20)
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.India has been positioned as a growth market and a priority market under the medium-term management plan, and the Company intends to fully develop the manufacture and sale of synthetic leather products there. The contributed funds will be used for land acquisition, factory construction and capital investment in connection with establishing a production facility, with the aim of building a local production and supply system and creating new revenue opportunities.