Agreements reached under this partnership
Joint venture- 1
A joint venture will be established to improve business efficiency, expand revenue, and strengthen competitiveness and sales activities in India by leveraging each party's management resources and expertise.
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 on consolidated results for the fiscal year ending March 2027 has already been incorporated into the earnings forecast. An equity-method investment loss is expected to be recorded as a non-operating expense, primarily due to the incurrence of initial expenses associated with launching the joint venture. The amount of the impact may vary depending on future business progress and other factors.
| Item | Details |
|---|---|
| Name of alliance partner | Sansera Engineering Limited |
| Alliance partner's business activities | design, development and manufacturing of automotive and non-automotive precision components |
| Alliance partner's location | Bengaluru, Republic of India |
| Alliance partner's capital | INR 123.84 million (¥205.57 million) |
| Type of alliance | Joint venture |
| Details of the alliance | A joint venture will be established to improve business efficiency, expand revenue, and strengthen competitiveness and sales activities in India by leveraging each party's management resources and expertise. |
| Number of shares acquired | 8,000 shares (40% of the total number of issued shares of the new company) |
| Acquisition price | INR 80,000 in total (¥132,800) |
| Shareholding ratio | Not disclosed → 40％ |
| Overview of the joint venture | Name: Nichidai Sansera Private Limited; Location: Bengaluru, Republic of India; Business: Manufacture and sale of precision components; Capital contribution: Expected to be INR 200,000 (¥332,000); Ownership: Sansera Engineering Limited 60%, NICHIDAI CORPORATION 40% |
| Ownership ratio | Sansera Engineering Limited: 60%; NICHIDAI CORPORATION: 40% |
| Dispatch of directors and officers | The representative has not yet been determined. The representative is expected to be selected by Sansera. |
| Date of board resolution | 29 January 2026 |
| Contract Date | 29 January 2026 |
| Share Acquisition Date and Payment Date | June 2026 or later (scheduled) |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending March 2027 has already been incorporated into the earnings forecast. An equity-method investment loss is expected to be recorded as a non-operating expense, primarily due to the incurrence of initial expenses associated with launching the joint venture. The amount of the impact may vary depending on future business progress and other factors. |
Items this document does not state (7)
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.The expected timing of the investment was changed in light of progress on the necessary procedures.