Agreements reached under this partnership
Termination of the capital and business allianceThis 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 Company expects to record an estimated gain on the sale of shares in an affiliate of ¥57.3 billion as an extraordinary gain in its consolidated financial results for fiscal year 2027, and an estimated gain on the sale of shares in an affiliate of ¥56.4 billion as an extraordinary gain in its non-consolidated financial results.
| Item | Details |
|---|---|
| Name of alliance partner | TAIYO HOLDINGS CO.,LTD. |
| Alliance partner's business activities | Formulation of management strategies for the Taiyo Group, management guidance for subsidiaries, research and development, and other activities |
| Alliance partner's location | Ranzan, Hiki District, Saitama Prefecture |
| Alliance partner's capital | ¥10,206 million (as of 30 September 2025) |
| Alliance partner's net sales | ¥119,010 million (fiscal year ended March 2025), ¥104,775 million (fiscal year ended March 2024), ¥97,338 million (fiscal year ended March 2023) |
| Alliance partner's operating income | ¥22,067 million (fiscal year ended March 2025), ¥18,203 million (fiscal year ended March 2024), ¥15,972 million (fiscal year ended March 2023) |
| Type of alliance | Termination of the capital and business alliance |
| Shareholding ratio | 20.19% → 0.00%（-100%） |
| Dispatch of directors and officers | There are no personnel ties. |
| Contract Date | 31 March 2026 (basic agreement) |
| Share Acquisition Date and Payment Date | Early February 2027 to early March 2027 (planned acquisition of treasury shares) |
| Impact on Business Performance | The Company expects to record an estimated gain on the sale of shares in an affiliate of ¥57.3 billion as an extraordinary gain in its consolidated financial results for fiscal year 2027, and an estimated gain on the sale of shares in an affiliate of ¥56.4 billion as an extraordinary gain in its non-consolidated financial results. |
Items this document does not state (11)
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 Company determined that, due to changes in the business environment in the electronics sector and in TAIYO HOLDINGS CO.,LTD.'s business portfolio, the scope for business expansion through future synergies is limited. In addition, under its policy of concentrating management resources on the smart living business, the Company determined that continuing to invest capital in TAIYO HOLDINGS CO.,LTD. cannot necessarily be said to contribute to improving corporate value over the medium to long term.