Agreements reached under this partnership
Capital and Business Alliance- 1
Conversion of 株式会社LIMNO into a joint venture
- 2
Board composition and governance
- 3
Business Operations
- 4
Matters requiring prior approval
- 5
Restrictions on the transfer of 株式会社LIMNO shares
- 6
Termination of the agreement and alliance
- 7
Drones and wireless communications: The companies will consider planning, prototyping, certification and mass production of drone-related components, communications modules, control equipment and peripheral equipment by combining ICOM INCORPORATED's wireless communications technology with 株式会社LIMNO's design, procurement, manufacturing and quality-control capabilities.
- 8
Reshoring of beauty appliances and other products: The companies will use TriIs Incorporated's network of advisers, business partners and business development contacts to develop projects involving the reshoring of domestic production of beauty appliances and other electrical equipment, and connect them to ODM, OEM and EMS contract manufacturing by 株式会社LIMNO.
- 9
Sales channel expansion: The companies will use the customer, sales and business-partner networks of ICOM INCORPORATED and TriIs Incorporated to expand sales opportunities for 株式会社LIMNO's products and contract manufacturing services.
- 10
Supply chain enhancement: Through clarification of 株式会社LIMNO's medium- to long-term business policy and cooperation in procurement, quality and business continuity planning, the companies aim to strengthen relationships with business partners and suppliers and secure stable procurement.
- 11
Next-generation products and services: The companies will consider jointly planning and conducting demonstrations of products and services using IoT, wireless communications, AI, robotics and other technologies.
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
TriIs Incorporated will hold 51% of 株式会社LIMNO and ICOM INCORPORATED will hold 49%. Other numerical targets, including sales, market share and volumes, are Not disclosed.
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).
TriIs Incorporated: The impact on business performance is currently under review. ICOM INCORPORATED: The impact on business performance is expected to be limited.
| Item | Details |
|---|---|
| Name of alliance partner | ICOM INCORPORATED, LIMNO Co., Ltd. |
| Alliance partner's business activities | ICOM INCORPORATED: Manufacture and sale of wireless communications equipment, network equipment and other products. 株式会社LIMNO: Planning, development, manufacture, sale, repair and maintenance services, and consulting for electrical equipment including tablets, displays and IoT modules, as well as planning, development, production, sale, repair and maintenance services for software and services. |
| Alliance partner's location | Hirano-ku, Osaka, Tottori City, Tottori Prefecture |
| Alliance partner's capital | ICOM INCORPORATED: ¥7,081,220,000, 株式会社LIMNO: ¥61,000,000 |
| Alliance partner's net sales | ICOM INCORPORATED: ¥36,959 million (fiscal year ending March 2026), 株式会社LIMNO: ¥16.804 billion (fiscal year ended September 2025) |
| Alliance partner's operating income | ICOM INCORPORATED: ¥2,913 million (fiscal year ending March 2026), 株式会社LIMNO: Not disclosed |
| Type of alliance | Capital and Business Alliance |
| Details of the alliance | Conversion of 株式会社LIMNO into a joint venture, Board composition and governance, Business Operations, Matters requiring prior approval, Restrictions on the transfer of 株式会社LIMNO shares, Termination of the agreement and alliance, Drones and wireless communications: The companies will consider planning, prototyping, certification and mass production of drone-related components, communications modules, control equipment and peripheral equipment by combining ICOM INCORPORATED's wireless communications technology with 株式会社LIMNO's design, procurement, manufacturing and quality-control capabilities., Reshoring of beauty appliances and other products: The companies will use TriIs Incorporated's network of advisers, business partners and business development contacts to develop projects involving the reshoring of domestic production of beauty appliances and other electrical equipment, and connect them to ODM, OEM and EMS contract manufacturing by 株式会社LIMNO., Sales channel expansion: The companies will use the customer, sales and business-partner networks of ICOM INCORPORATED and TriIs Incorporated to expand sales opportunities for 株式会社LIMNO's products and contract manufacturing services., Supply chain enhancement: Through clarification of 株式会社LIMNO's medium- to long-term business policy and cooperation in procurement, quality and business continuity planning, the companies aim to strengthen relationships with business partners and suppliers and secure stable procurement., Next-generation products and services: The companies will consider jointly planning and conducting demonstrations of products and services using IoT, wireless communications, AI, robotics and other technologies. |
| Number of shares acquired | 58,800 株式会社LIMNO shares (49% of the 120,000 issued shares) |
| Acquisition price | ¥360,000,000 |
| Shareholding ratio | TriIs Incorporated 100%; ICOM INCORPORATED 0% → TriIs Incorporated 51%; ICOM INCORPORATED 49% |
| Overview of the joint venture | Name: 株式会社LIMNO. Location: 7-101 Tachikawa-cho, Tottori, Tottori Prefecture. Business: Planning, development, manufacture, sale, repair and maintenance services, and consulting for electrical equipment including tablets, displays and IoT modules, as well as planning, development, production, sale, repair and maintenance services for software and services. Capital contribution: ¥61,000,000. Ownership: TriIs Incorporated 51%; ICOM INCORPORATED 49%. |
| Ownership ratio | TriIs Incorporated 51%; ICOM INCORPORATED 49% |
| Dispatch of directors and officers | Each company may nominate 3 directors of 株式会社LIMNO and, after consultation with the other company, recommend candidates for the other director positions. The representative director will be a person agreed upon by both companies. |
| Contract Period | After 5 years have elapsed from the execution of the agreement, either party may cancel or terminate it by providing at least 6 months' notice and engaging in good-faith consultations. Other grounds for termination include cases in which joint projects have not been implemented for 6 months or more. |
| Numerical targets under the alliance | TriIs Incorporated will hold 51% of 株式会社LIMNO and ICOM INCORPORATED will hold 49%. Other numerical targets, including sales, market share and volumes, are Not disclosed. |
| Shareholding Policy | The parties will continue to hold shares in each other for as long as this alliance remains in effect and will not transfer, pledge or otherwise dispose of them to a third party without the other party's prior written consent. During the term of the alliance, 株式会社LIMNO shares also may not be disposed of without the other party's prior consent. |
| Date of board resolution | 30 October 2026 |
| Contract Date | 30 October 2026 |
| Alliance start date | 16 November 2026 (予定) |
| Share Acquisition Date and Payment Date | 16 November 2026 (予定) |
| Impact on Business Performance | TriIs Incorporated: The impact on business performance is currently under review. ICOM INCORPORATED: The impact on business performance is expected to be limited. |
Items this document does not state (1)
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 companies aim to combine ICOM INCORPORATED's wireless communications technology and sales network, 株式会社LIMNO's design, manufacturing and mass-production capabilities, and TriIs Incorporated's expertise in improving business performance and business development network to develop new customers, secure mass-production projects, expand sales channels, achieve sustainable growth for 株式会社LIMNO and enhance the corporate value of all 3 companies.