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Business alliance4056Neural Group Inc.Information and Communications, Services and Others

Notice Regarding the Termination of the Business Alliance Agreement with Sony Corporation

ニューラルグループ and Sony agreed to terminate, effective 25 April 2026, their business alliance covering signage, AI-based human attitude detection, and personnel exchanges.

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Agreements reached under this partnership

Discontinuation
4056Neural Group Inc.
Alliance partnerSony Corporation
Details of the alliance
  1. 1

    Signage-related business

  2. 2

    Business related to AI-based human attitude detection

  3. 3

    Personnel exchange

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Impact on Business Performance

The impact of this matter on the Company’s consolidated financial results is expected to be immaterial.

Contract Date26 April 2023Contract PeriodEnding on 25 April 2026
Agreements reached under this partnership
ItemDetails
Name of alliance partnerSony Corporation
Type of allianceDiscontinuation
Details of the allianceSignage-related business, Business related to AI-based human attitude detection, Personnel exchange
Contract PeriodEnding on 25 April 2026
Contract Date26 April 2023
Impact on Business PerformanceThe impact of this matter on the Company’s consolidated financial results is expected to be immaterial.
Items this document does not state (17)
Alliance partner's business activitiesAlliance partner's locationAlliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersNumerical targets under the allianceShareholding PolicyDate of board resolutionAlliance start dateShare Acquisition Date and Payment DateChange in major shareholders

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.

After comprehensively considering the progress of research and development, the optimal allocation of the two companies’ management resources, and other factors, the two companies decided to terminate the alliance as a strategic decision regarding their future business development.

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Notice Regarding the Termination of the Business Alliance Agreement with Sony Corporation | Neural Group Inc. (4056) timely disclosure | Komori