Agreements reached under this partnership
Business alliance / discussions toward establishing a joint venture- 1
Capital participation in the subsidiary
- 2
Capital Structure
- 3
Ownership ratio
- 4
Payment amount
- 5
Treatment of this advance payment
- 6
Rights and obligations of the shareholders
- 7
Corporate Structure
- 8
Business Plan
- 9
Other matters necessary for the business
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
The impact on consolidated results for the fiscal year ending December 2026 is currently under review. The advance payment will not be immediately recognized as revenue or capital and is expected to be recorded as a temporary receipt or under another appropriate liability account.
| Item | Details |
|---|---|
| Name of alliance partner | 聚石化學（香港）有限公司（Polyrocks Chemical (Hong Kong) Limited） |
| Alliance partner's business activities | Plastic trading |
| Alliance partner's location | Room 12, 19th Floor, Hocking Commercial Centre, 2-16 Nathan Road, Mong Kok, Kowloon, Hong Kong |
| Alliance partner's capital | HK$1 million (¥20 million equivalent) |
| Alliance partner's net sales | ¥14,240,365,623 (fiscal year ended December 2025; US$88,553,980.62) |
| Alliance partner's operating income | ¥11,056,279 (fiscal year ended December 2025; US$68,753.68) |
| Type of alliance | Business alliance / discussions toward establishing a joint venture |
| Details of the alliance | Capital participation in the subsidiary, Capital Structure, Ownership ratio, Payment amount, Treatment of this advance payment, Rights and obligations of the shareholders, Corporate Structure, Business Plan, Other matters necessary for the business |
| Contract Period | The target date for concluding the discussions is 31 August 2026, with an extension possible if all parties agree in writing. The discussions may be terminated if the parties do not enter into a formal agreement or in other circumstances. |
| Date of board resolution | 19 June 2026 |
| Contract Date | 19 June 2026 |
| Alliance start date | Discussions toward entering into a formal agreement have commenced. The formal start date of the business alliance is Not disclosed |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending December 2026 is currently under review. The advance payment will not be immediately recognized as revenue or capital and is expected to be recorded as a temporary receipt or under another appropriate liability account. |
Items this document does not state (10)
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 business requires additional funding, technology and manufacturing know-how, sales and procurement networks, and other resources to achieve mass production and commercialization. The purpose is to give substance to discussions toward a formal agreement and confirm the counterparty group’s willingness to provide financial cooperation and the framework for the discussions.