This transaction
Transfer of equity interestThe voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Automotive parts manufacturing
The impact of this transfer of equity interest on the Company's consolidated financial results for the fiscal year ending March 2027 is currently under review. The Company will promptly disclose any matters requiring disclosure as they arise.
| Item | Details |
|---|---|
| Transaction name | Transfer of equity interest |
| Counterparty name | 衆智達国際集団有限公司 |
| Name of the Subject Company | 広州森六塑件有限公司 |
| Business Description of the Subject Company | Automotive parts manufacturing |
| Location of the Subject Company | Guangzhou, Guangdong Province, People's Republic of China |
| Capital Stock of the Subject Company | US$8 million |
| Date of Establishment of the Subject Company | November 2001 |
| Net Sales of the Subject Company | Fiscal year ended December 2025: RMB 132,152 thousand (¥4,870 million) |
| Operating Profit of the Subject Company | Fiscal year ended December 2025: RMB 9,580 thousand (¥199 million) |
| Net Income of the Subject Company | Fiscal year ended December 2025: RMB 10,940 thousand (¥227 million) |
| Net Assets of the Subject Company | Fiscal year ended December 2025: RMB 74,468 thousand (¥1,665 million) |
| Acquisition price | The transfer price is not disclosed due to the confidentiality obligations under the transfer agreement. |
| Voting rights ownership percentage | Before 100% (indirect ownership) → after 0％ |
| Impact on Business Performance | The impact of this transfer of equity interest on the Company's consolidated financial results for the fiscal year ending March 2027 is currently under review. The Company will promptly disclose any matters requiring disclosure as they arise. |
| Date of board resolution | 23 October 2026 |
| Contract Date | 23 October 2026 |
| Execution Date / Effective Date | Mid-December 2026 (scheduled) |
Items this document does not state (15)
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.Amid changes in the business environment in China's automotive market, including electrification, diversifying consumer needs and intensifying competition driven by the rise of local manufacturers, the Company determined that improving production efficiency and optimizing fixed costs, optimizing its operations in China, and selectively concentrating management resources would contribute to enhancing corporate value.