Agreements reached under this partnership
Agency Agreements- 1
WETOWN will promote sales of our products in the target markets, develop prospective customers, support business negotiations, conduct market research and gather customer needs. The main products targeted for sales promotion are expected to be our ultra-small chains, in which we have particular strengths, and we will pursue market development primarily for applications requiring high precision and high quality.
- 2
We will provide WETOWN with the support necessary for the target products, technical materials, sales materials, quotations, specification reviews, and quality and after-sales services.
- 3
The two companies will conduct joint marketing activities, including trade shows, seminars and customer proposals, share market information, and jointly consider the development of applications, adaptation to local specifications and product customization.
- 4
The target products, target regions, sales terms, allocation of responsibilities and other specific terms will be determined based on this agreement and individual transaction terms.
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 entering into this agreement on consolidated results for the fiscal year ending March 2027 is currently expected to be immaterial and has not been incorporated into the full-year consolidated earnings forecast announced on 14 May 2026. Over the medium to long term, we believe the agreement will contribute to the expansion of overseas sales, the development of new customers and applications, and an increase in the corporate value of our Group.
| Item | Details |
|---|---|
| Name of alliance partner | 威騰（ウイテン）電気グループ株式会社 (WETOWN ELECTRIC GROUP CO., LTD.) |
| Alliance partner's business activities | Research and development, manufacturing and sales of power distribution equipment, energy storage systems and new materials for solar power generation, as well as the provision of related solutions |
| Alliance partner's location | Yangzhong City, Jiangsu Province, People's Republic of China |
| Alliance partner's capital | RMB 196,085,742 (approximately ¥4,680 million) (as of June 2026) |
| Alliance partner's net sales | RMB 3,851.46 million (approximately ¥86,118 million) (fiscal year ended December 2025) |
| Alliance partner's operating income | RMB 36.27 million (approximately ¥810 million) (fiscal year ended December 2025) |
| Type of alliance | Agency Agreements |
| Details of the alliance | WETOWN will promote sales of our products in the target markets, develop prospective customers, support business negotiations, conduct market research and gather customer needs. The main products targeted for sales promotion are expected to be our ultra-small chains, in which we have particular strengths, and we will pursue market development primarily for applications requiring high precision and high quality., We will provide WETOWN with the support necessary for the target products, technical materials, sales materials, quotations, specification reviews, and quality and after-sales services., The two companies will conduct joint marketing activities, including trade shows, seminars and customer proposals, share market information, and jointly consider the development of applications, adaptation to local specifications and product customization., The target products, target regions, sales terms, allocation of responsibilities and other specific terms will be determined based on this agreement and individual transaction terms. |
| Shareholding Policy | Although there is a statement that the business model of holding no equity interests overseas will be maintained, the policy on holding shares, lock-up arrangements and transfer restrictions relating to this partnership are not disclosed |
| Date of board resolution | 30 July 2026 |
| Contract Date | 30 July 2026 |
| Alliance start date | To commence sequentially on or after 30 July 2026 |
| Impact on Business Performance | The impact of entering into this agreement on consolidated results for the fiscal year ending March 2027 is currently expected to be immaterial and has not been incorporated into the full-year consolidated earnings forecast announced on 14 May 2026. Over the medium to long term, we believe the agreement will contribute to the expansion of overseas sales, the development of new customers and applications, and an increase in the corporate value of our Group. |
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.To expand our domestic and overseas sales channels, develop new customers and applications, and expand into growth fields. We aim to increase sales in overseas markets, particularly China, by leveraging WETOWN's customer base, sales capabilities and market knowledge.