Agreements reached under this partnership
Capital and Business Alliance- 1
Development of high-value-added electric arc furnace products by leveraging the strengths of both companies through vertical specialization between upstream and downstream operations
- 2
Collaboration to expand the application of electric arc furnace steel materials produced using existing electric arc furnaces
- 3
Expansion of transaction volumes and stable supply of electric arc furnace hot-rolled coils produced using new electric arc furnaces
- 4
Collaboration through initiatives to achieve carbon neutrality
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
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).
The impact of this capital and business alliance and the transaction on our consolidated results for the fiscal year ending March 2027 is expected to be immaterial.
| Item | Details |
|---|---|
| Name of alliance partner | NAKAYAMA STEEL WORKS,LTD. |
| Alliance partner's business activities | Manufacture and sale of steel and secondary steel products, Design, manufacture and sale of steel fish reefs, fish propagation reefs and other marine steel structures, Manufacture, sale and repair of machinery and equipment, including rolling mill rolls and general-purpose valves, Purchase, sale, leasing, brokerage and management of real estate, All businesses incidental or related to the preceding items |
| Alliance partner's location | 1-1-66 Funamachi, Taisho-ku, Osaka City |
| Alliance partner's capital | ¥20.04 billion (as of the end of March 2026) |
| Alliance partner's net sales | ¥184,445 million (fiscal year ended March 2024), ¥169,329 million (fiscal year ended March 2025), ¥148,306 million (fiscal year ended March 2026) |
| Alliance partner's operating income | ¥12,327 million (fiscal year ended March 2024), ¥8,436 million (fiscal year ended March 2025), ¥4,911 million (fiscal year ended March 2026) |
| Type of alliance | Capital and Business Alliance |
| Details of the alliance | Development of high-value-added electric arc furnace products by leveraging the strengths of both companies through vertical specialization between upstream and downstream operations, Collaboration to expand the application of electric arc furnace steel materials produced using existing electric arc furnaces, Expansion of transaction volumes and stable supply of electric arc furnace hot-rolled coils produced using new electric arc furnaces, Collaboration through initiatives to achieve carbon neutrality |
| Number of shares acquired | 7,357,000 shares; 10.95% ownership interest after the third-party allotment |
| Acquisition price | ¥4,899,762,000 |
| Shareholding ratio | Not disclosed → 10.95% (expected) |
| Date of board resolution | 7 August 2026 |
| Contract Date | 7 August 2026 |
| Share Acquisition Date and Payment Date | Early October 2026 (expected) |
| Impact on Business Performance | The impact of this capital and business alliance and the transaction on our consolidated results for the fiscal year ending March 2027 is expected to be immaterial. |
Items this document does not state (8)
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.To combine the technologies and resources of both companies to expand the adoption of high-value-added electric arc furnace steel products, contribute to a decarbonized and circular society, and enhance the corporate value of our group.