This transaction
Establishment of a joint venture in IndiaThe 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.
Production of mobile cranes (truck, crawler and rough-terrain cranes)
The business is expected to make a steady contribution to the company's consolidated results from the fiscal year ending March 2027 onward. Revenue from this business has already been incorporated into the company's consolidated earnings forecast for the fiscal year ending March 2027.
| Item | Details |
|---|---|
| Transaction name | Establishment of a joint venture in India |
| Counterparty name | Action Construction Equipment Ltd. |
| Name of the Subject Company | ACE KATO PRIVATE LIMITED |
| Business Description of the Subject Company | Production of mobile cranes (truck, crawler and rough-terrain cranes) |
| Location of the Subject Company | Haryana, Republic of India |
| Capital Stock of the Subject Company | ¥364 million |
| Date of Establishment of the Subject Company | 11 March 2026 |
| Type of Consideration | Cash (joint investment) |
| Voting rights ownership percentage | After The company's equity interest: 50% (before not disclosed) |
| Funding arrangements | The company will provide a loan for working capital |
| Impact on Business Performance | The business is expected to make a steady contribution to the company's consolidated results from the fiscal year ending March 2027 onward. Revenue from this business has already been incorporated into the company's consolidated earnings forecast for the fiscal year ending March 2027. |
| Execution Date / Effective Date | 11 March 2026 (date of establishment; all procedures completed and business commenced) |
| Conditions Precedent to Execution | Completion of the company registration and various procedures between the company and ACE |
| Management structure after acquisition | An employee of the company will serve as Chairman and CEO, and 1 director of the company will serve as a non-executive officer. The company is scheduled to become a consolidated subsidiary of the company from the fiscal year ending March 2027. The corporate name change and employee treatment are Not disclosed. |
Items this document does not state (18)
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 establish a business base in the Indian market at an early stage and develop competitive products by combining ACE's production base with the company's technological and product development capabilities. The company plans to use this as a basis for developing customers in Asia, the Middle East and surrounding countries in the future.