Worth reading
69In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
3.61
% (ownership interest in Nagoya Electric Works shares held by Nippon Signal)Wording
Definitive
How definitive the wording is.Agreements reached under this partnership
Termination of the capital and business alliance6741Nippon Signal Company,Limited
Alliance partner名古屋電機工業株式会社
Details of the alliance
- 1
Expansion of sales channels in markets serving traffic management authorities and road administrators
- 2
Expansion of the product lineup
- 3
Collaboration in overseas markets
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
Capital and personnel relationships
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).
3.61%Our ownership stake in the partner’s shares
Number of shares acquired440,000 common shares of Nagoya Electric Works held by Nippon Signal (ownership interest of 3.61% of the total number of issued shares, excluding treasury shares), and 86,600 common shares of Nippon Signal held by Nagoya Electric Works (ownership interest of 0.14% of the total number of issued shares, excluding treasury shares)
Dispatch of directors and officersNot applicable (personnel relationship)
Shareholding PolicyThe companies will discuss the matter and proceed with the sale of the shares going forward
About the partner
Business DescriptionManufacture and sale of various information-provision systems, primarily road information boards
LocationAma, Aichi Prefecture
Share capital¥1,184.975 million
Net Sales¥17,307.382 million (fiscal year ended March 2026)
Operating profit¥1,749.358 million (fiscal year ended March 2026)
Impact on Business Performance
The impact of this transaction on our consolidated results will be immaterial.
Date of board resolution21 July 2026Contract Date25 August 2015Alliance start date25 August 2015Contract PeriodExpiration date of the capital and business alliance agreement: 24 August 2026
| Item | Details |
|---|---|
| Name of alliance partner | 名古屋電機工業株式会社 |
| Alliance partner's business activities | Manufacture and sale of various information-provision systems, primarily road information boards |
| Alliance partner's location | Ama, Aichi Prefecture |
| Alliance partner's capital | ¥1,184.975 million |
| Alliance partner's net sales | ¥17,307.382 million (fiscal year ended March 2026) |
| Alliance partner's operating income | ¥1,749.358 million (fiscal year ended March 2026) |
| Type of alliance | Termination of the capital and business alliance |
| Details of the alliance | Expansion of sales channels in markets serving traffic management authorities and road administrators, Expansion of the product lineup, Collaboration in overseas markets |
| Number of shares acquired | 440,000 common shares of Nagoya Electric Works held by Nippon Signal (ownership interest of 3.61% of the total number of issued shares, excluding treasury shares), and 86,600 common shares of Nippon Signal held by Nagoya Electric Works (ownership interest of 0.14% of the total number of issued shares, excluding treasury shares) |
| Shareholding ratio | Nippon Signal: 3.61%; Nagoya Electric Works: 0.14% → Not disclosed |
| Dispatch of directors and officers | Not applicable (personnel relationship) |
| Contract Period | Expiration date of the capital and business alliance agreement: 24 August 2026 |
| Shareholding Policy | The companies will discuss the matter and proceed with the sale of the shares going forward |
| Date of board resolution | 21 July 2026 |
| Contract Date | 25 August 2015 |
| Alliance start date | 25 August 2015 |
| Impact on Business Performance | The impact of this transaction on our consolidated results will be immaterial. |
Items this document does not state (6)
Acquisition priceOverview of the joint ventureOwnership ratioNumerical targets under the allianceShare Acquisition Date and Payment DateChange in major shareholders
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.In light of changes in the business environment and demands in the capital markets to improve capital efficiency, the two companies determined that dissolving their capital relationship and pursuing business development would contribute to enhancing their corporate value.
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