Notice Regarding the Establishment of an Indian Subsidiary | PEGASUS CO.,LTD. (6262) timely disclosure

Worth reading

33Immaterial

0–100. This measures how worthwhile something is to read, not how good or bad the company is.

Direction

Improvement

Direction inferred from the company’s description.

Scale

240

Million Indian rupees (approximately ¥400 million)

Wording

Conditional

How definitive the wording is.

This transaction

Establishment of an Indian subsidiary

Disclosing companyPEGASUS CO.,LTD.

PEGASUS INDIA INDUSTRIAL SOLUTIONS PRIVATE LIMITEDVoting rights ownership percentage

The 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.

TimelineThe spacing between the points is proportional to the actual number of days.

Target company

Sales of industrial sewing machines and parts Manufacture and sale of various die-cast parts and other products related to automobiles

Location Bengaluru, Karnataka, Republic of IndiaShare capital 240 million Indian rupees (approximately ¥400 million)Date of incorporation March 2027 (planned)

Impact on Business Performance

Expected to be immaterial

Procedures and assumptions

Management structure after acquisitionChange of trade name: Not disclosed. Representative: Mima Narumi (美馬成望), Representative Director and President of the Company. Employee treatment: Not disclosed.

This transaction
Item	Details
Transaction name	Establishment of an Indian subsidiary
Name of the Subject Company	PEGASUS INDIA INDUSTRIAL SOLUTIONS PRIVATE LIMITED
Business Description of the Subject Company	Sales of industrial sewing machines and parts Manufacture and sale of various die-cast parts and other products related to automobiles
Location of the Subject Company	Bengaluru, Karnataka, Republic of India
Capital Stock of the Subject Company	240 million Indian rupees (approximately ¥400 million)
Date of Establishment of the Subject Company	March 2027 (planned)
Voting rights ownership percentage	After 99％ (before not disclosed)
Impact on Business Performance	Expected to be immaterial
Date of board resolution	30 October 2026
Execution Date / Effective Date	March 2027 (planned)
Management structure after acquisition	Change of trade name: Not disclosed. Representative: Mima Narumi (美馬成望), Representative Director and President of the Company. Employee treatment: Not disclosed.

Items this document does not state (21)

Counterparty nameNet 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 acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution

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 strengthen the business foundations of the Apparel Machinery and Automotive businesses in light of growing demand in India. Through the new company, the Company aims to strengthen its sales and service network in South Asia, establish a mass-production structure in India, capture business opportunities in the Indian market and further expand its overseas business.

How to read this page

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