Agreements reached under this partnership
Termination of the capital and business alliance- 1
Basic research on applying deep-learning image recognition technology to automotive equipment
- 2
Research and development and commercialization of automotive equipment, including electronic mirrors, using various image-processing technologies, including image recognition technology
- 3
Collaboration in marketing products and services based on the results of research and development
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).
This matter will have no impact on the Company's financial results.
| Item | Details |
|---|---|
| Name of alliance partner | Name of alliance partner |
| Alliance partner's business activities | Research, development, manufacture and sale of automotive parts |
| Alliance partner's location | Kariya, Aichi Prefecture |
| Alliance partner's capital | ¥187,457 million |
| Alliance partner's net sales | ¥7,161,777 million (fiscal year ended March 2025) |
| Alliance partner's operating income | ¥518,953 million (fiscal year ended March 2025) |
| Type of alliance | Termination of the capital and business alliance |
| Details of the alliance | Basic research on applying deep-learning image recognition technology to automotive equipment, Research and development and commercialization of automotive equipment, including electronic mirrors, using various image-processing technologies, including image recognition technology, Collaboration in marketing products and services based on the results of research and development |
| Number of shares acquired | 117,000 shares (2.23% of the total number of shares issued, excluding treasury shares) |
| Shareholding ratio | 2.23% → 0% (after the sale) |
| Dispatch of directors and officers | There are no personnel ties to report. |
| Contract Period | The technical collaboration agreement entered into in December 2015 will expire on 31 March 2026. The agreement will not be renewed. |
| Shareholding Policy | Upon termination of the alliance, DENSO CORPORATION intends to sell the 117,000 common shares of the Company that it holds. The Company is expected to acquire the shares as treasury shares through ToSTNeT-3. |
| Date of board resolution | There are no matters requiring a resolution by the Board of Directors regarding this matter. |
| Contract Date | December 2015 |
| Alliance start date | December 2015 |
| Impact on Business Performance | This matter will have no impact on the Company's financial results. |
Items this document does not state (6)
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.As the objectives initially established for joint development, research and development, commercialization and marketing collaboration have been sufficiently achieved, the parties decided not to renew the agreement and to amicably terminate the alliance. Practical business transactions will continue after the termination.