Agreements reached under this partnership
DiscontinuationThis 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 loss arising from this equity interest transfer was recorded in the fiscal year ended March 2026 as an expense for the provision for loss on disposal of investments in affiliates, and the transfer will have no impact on consolidated results for the fiscal year ending March 2027. In addition, BTBM will be removed from the scope of the Company's consolidated subsidiaries as a result of this equity interest transfer. Accordingly, the ¥6,086 million debt guarantee previously provided by the Company to BTBM will be released.
| Item | Details |
|---|---|
| Name of alliance partner | BASF Toda Battery Materials LLC (BTBM) |
| Type of alliance | Discontinuation |
| Shareholding ratio | Transfer of all of the Company's equity interest |
| Overview of the joint venture | Name: BASF Toda Battery Materials LLC (BTBM). Other details: not disclosed |
| Date of board resolution | 26 February 2026 |
| Share Acquisition Date and Payment Date | Equity interest transfer execution date: 25 August 2026 |
| Impact on Business Performance | The loss arising from this equity interest transfer was recorded in the fiscal year ended March 2026 as an expense for the provision for loss on disposal of investments in affiliates, and the transfer will have no impact on consolidated results for the fiscal year ending March 2027. In addition, BTBM will be removed from the scope of the Company's consolidated subsidiaries as a result of this equity interest transfer. Accordingly, the ¥6,086 million debt guarantee previously provided by the Company to BTBM will be released. |
Items this document does not state (16)
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.The equity interest transfer execution date and joint venture dissolution date were confirmed following approval from the relevant regulatory authorities.