This transaction
Establishment of subsidiaryThe voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
Manufacture and sale of automotive hoses and related products
The impact on the Company's consolidated results will be minor. Over the medium to long term, the transaction is expected to contribute to maintaining and strengthening the domestic production base through improved production efficiency.
| Item | Details |
|---|---|
| Transaction name | Establishment of subsidiary |
| Name of the Subject Company | 株式会社ニチリンジャパン |
| Business Description of the Subject Company | Manufacture and sale of automotive hoses and related products |
| Location of the Subject Company | Himeji, Hyogo Prefecture |
| Capital Stock of the Subject Company | ¥100 million |
| Date of Establishment of the Subject Company | January 2027 (予定) |
| Number of shares acquired | All shares issued at incorporation (number of shares and voting rights not disclosed) |
| Voting rights ownership percentage | After 100% (予定) (before not disclosed) |
| Funding arrangements | 100% funded by the Company (funding method, including cash on hand and borrowings, is Not disclosed) |
| Impact on Business Performance | The impact on the Company's consolidated results will be minor. Over the medium to long term, the transaction is expected to contribute to maintaining and strengthening the domestic production base through improved production efficiency. |
| Date of board resolution | 29 September 2026 |
| Execution Date / Effective Date | January 2027 (予定 establishment of the subsidiary); around April 2027 (予定 absorption-type merger with the new company as the surviving company) |
| Management structure after acquisition | The representative director and president will be Kayama Takanao (香山喬尚). Following its establishment, the new subsidiary is scheduled to absorb and merge with 日輪機工株式会社 and ニチリン・サービス株式会社, and thereafter to assume the Company's manufacturing-related divisions in stages through absorption-type company splits. Directors and employees are予定 to hold concurrent positions, be seconded or transfer to the new company. The management, technology development, and sales and procurement divisions, among others, will remain with 株式会社ニチリン. |
Items this document does not state (19)
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 purpose is to maintain and strengthen the domestic production base by consolidating manufacturing functions and unifying the chain of command, while leveraging the Company's production technology and management capabilities together with the subsidiaries' manufacturing expertise and competitiveness. The Company also states that it will support its global operations by introducing automation technology, advanced production management and new production methods, and by training production staff at its overseas subsidiaries.