This transaction
This share transferThe voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Manufacture and repair of smart meters
The impact on the consolidated earnings forecast for the fiscal year ending March 2027 is currently under review. No revision to the consolidated earnings forecast will be made as of the announcement of the financial results for the first quarter of the fiscal year ending March 2027.
| Item | Details |
|---|---|
| Transaction name | This share transfer |
| Counterparty name | Cicor Asia Pte. Ltd. (a subsidiary of Cicor Technologies Ltd.) |
| Name of the Subject Company | EDMI Electronics Sdn Bhd |
| Business Description of the Subject Company | Manufacture and repair of smart meters |
| Location of the Subject Company | Malaysia (Senai, Johor) |
| Capital Stock of the Subject Company | MYR 88,630 thousand (¥3,414 million) |
| Date of Establishment of the Subject Company | 5 October 2010 |
| Net Sales of the Subject Company | ¥744 million (fiscal year ended December 2025) |
| Operating Profit of the Subject Company | ¥(18) million (fiscal year ended December 2025) |
| Net Income of the Subject Company | ¥(19) million (fiscal year ended December 2025) |
| Net Assets of the Subject Company | ¥644 million (fiscal year ended December 2025) |
| Acquisition price | US$7 million (approximately ¥1,085 million) (transfer price) |
| Type of Consideration | Cash (transfer price: US$7 million) |
| Number of shares acquired | 88,630,164 shares (number of shares transferred; voting rights ownership before the change: 100.00%; after the change: 0.00%) |
| Voting rights ownership percentage | Before 100.00% (indirect ownership) → after 0.00％ |
| Impact on Business Performance | The impact on the consolidated earnings forecast for the fiscal year ending March 2027 is currently under review. No revision to the consolidated earnings forecast will be made as of the announcement of the financial results for the first quarter of the fiscal year ending March 2027. |
| Date of board resolution | 28 July 2026 |
| Contract Date | 29 July 2026 (planned) |
| Execution Date / Effective Date | 30 October 2026 (scheduled) |
| Management structure after acquisition | EESB is expected to cease to be a consolidated subsidiary. EDMI will continue to retain core functions relating to product design and development, intellectual property, quality standards and customer support, while manufacturing will be outsourced to Cicor. The treatment of the company name, representative and employees is not disclosed. |
Items this document does not state (12)
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 transaction will shift the Company from a production model based on owning its own facilities to an asset-light model. By outsourcing manufacturing to an EMS partner with specialized expertise and a global production network, the Company aims to reduce costs, capital expenditure requirements, inventories, working capital and interest expense, thereby improving profitability and capital efficiency. EDMI will also concentrate its management resources on areas of competitive advantage, including products, software, edge intelligence and grid solutions.