Agreements reached under this partnership
Business alliance- 1
The companies plan to begin considering the expansion of sales channels by leveraging their respective sales networks for alloys each has developed that reduce the use of tungsten and cobalt, both critical minerals.
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 of this alliance on the Company's results for the fiscal year ending March 2027 will be disclosed in a timely and appropriate manner in accordance with the timely disclosure criteria, depending on the progress of future consideration of the alliance.
| Item | Details |
|---|---|
| Name of alliance partner | Fuji Die Co.,Ltd. |
| Alliance partner's business activities | Manufacture and sale of wear-resistant tools and dies made from cemented carbide |
| Alliance partner's location | Ota-ku, Tokyo |
| Alliance partner's capital | ¥164 million |
| Type of alliance | Business alliance |
| Details of the alliance | The companies plan to begin considering the expansion of sales channels by leveraging their respective sales networks for alloys each has developed that reduce the use of tungsten and cobalt, both critical minerals. |
| Date of board resolution | 15 May 2026 |
| Impact on Business Performance | The impact of this alliance on the Company's results for the fiscal year ending March 2027 will be disclosed in a timely and appropriate manner in accordance with the timely disclosure criteria, depending on the progress of future consideration of the alliance. |
Items this document does not state (15)
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.Tungsten has become subject to China's export controls, creating concerns about supply and driving up prices. Regarding the tungsten- and cobalt-reduced alloys that both companies are working to develop, the companies aim to leverage their respective strengths and resources to reduce geopolitical risks, expand earnings, achieve sustainable growth and enhance their respective corporate values.