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M&A and Subsidiary Changes5901Toyo Seikan Group Holdings,Ltd.Construction and Materials

Notice of conclusion of discussions regarding the establishment of a joint venture by our consolidated subsidiary (discontinuation of disclosed matter)

Toyo Seikan Co., Ltd. and TOPPAN Holdings Inc. have decided not to proceed with the establishment of a joint venture in Sweden aimed at strengthening the supply structure for exterior materials for lithium-ion secondary batteries, and to conclude their discussions.

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This transaction

Discussions regarding the establishment of a new joint venture
CounterpartyTOPPAN Holdings Inc.
Disclosing companyToyo Seikan Group Holdings,Ltd.
New joint ventureSubject of this transaction
TimelineThe spacing between the points is proportional to the actual number of days.
Target company

Strengthening the supply structure for exterior materials for lithium-ion secondary batteries

Location Sweden
Impact on Business Performance

The impact of this matter on our consolidated financial results for the fiscal year ending March 2026 is expected to be immaterial.

This transaction
ItemDetails
Transaction nameDiscussions regarding the establishment of a new joint venture
Counterparty nameTOPPAN Holdings Inc.
Name of the Subject CompanyNew joint venture
Business Description of the Subject CompanyStrengthening the supply structure for exterior materials for lithium-ion secondary batteries
Location of the Subject CompanySweden
Impact on Business PerformanceThe impact of this matter on our consolidated financial results for the fiscal year ending March 2026 is expected to be immaterial.
Date of board resolution31 March 2026
Contract Date21 June 2024
Items this document does not state (24)
Capital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Execution Date / Effective DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

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.

This decision was made in response to changes in the business environment in the electric vehicle market and related changes in the circumstances of the intended product supply destinations.

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Notice of conclusion of discussions regarding the establishment of a joint venture by our consolidated subsidiary (discontinuation of disclosed matter) | Toyo Seikan Group Holdings,Ltd. (5901) timely disclosure | Komori