Agreements reached under this partnership
Capital and Business Alliance- 1
The parties will consider the planning, prototyping, certification and mass production of drone-related components, communications modules, control equipment and peripheral equipment by combining アイコム's wireless communications technology with LIMNO's design, procurement, manufacturing and quality-control capabilities.
- 2
The parties will use TriIs Incorporated's network of advisers, business partners and business development contacts to develop projects involving the return of domestic production of beauty appliances and other electrical equipment and channel them to ODM, OEM and EMS contracts with LIMNO.
- 3
The parties will use the customer, sales and business-partner networks of アイコム and TriIs Incorporated to expand sales opportunities for LIMNO's products and contract manufacturing services.
- 4
Through clarification of LIMNO's medium- to long-term business policy and cooperation in procurement, quality and BCP, we will strengthen relationships with business partners and suppliers and establish stable procurement.
- 5
The companies will consider jointly planning and demonstrating products and services that use IoT, wireless communications, AI, robotics and other technologies.
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
The parties aim to secure mass-production projects for drone-related components, communications modules, control and peripheral equipment, attract ODM, OEM and EMS projects, and expand sales channels, but specific revenue figures and achievement dates have not been disclosed.
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).
TriIs Incorporated: The impact of this capital and business alliance on earnings is currently under review. アイコム: The impact on earnings is expected to be immaterial.
| Item | Details |
|---|---|
| Name of alliance partner | ICOM INCORPORATED, LIMNO Co., Ltd. |
| Alliance partner's business activities | Manufacture and sale of wireless communication equipment, network equipment and other products, Planning, development, manufacture, sale, repair and maintenance services, and consulting for electrical equipment including tablets, displays and IoT modules, as well as planning, development, production, sale, repair and maintenance services for software and services |
| Alliance partner's location | Hirano-ku, Osaka, Tottori City, Tottori Prefecture |
| Alliance partner's capital | ICOM INCORPORATED: ¥7,081,220,000, 株式会社LIMNO: ¥61,000,000 |
| Alliance partner's net sales | ICOM INCORPORATED: ¥36,959 million (fiscal year ending March 2026), 株式会社LIMNO: ¥16.804 billion (fiscal year ended September 2025) |
| Alliance partner's operating income | ICOM INCORPORATED: ¥2,913 million (fiscal year ending March 2026), 株式会社LIMNO: Not disclosed |
| Type of alliance | Capital and Business Alliance |
| Details of the alliance | The parties will consider the planning, prototyping, certification and mass production of drone-related components, communications modules, control equipment and peripheral equipment by combining アイコム's wireless communications technology with LIMNO's design, procurement, manufacturing and quality-control capabilities., The parties will use TriIs Incorporated's network of advisers, business partners and business development contacts to develop projects involving the return of domestic production of beauty appliances and other electrical equipment and channel them to ODM, OEM and EMS contracts with LIMNO., The parties will use the customer, sales and business-partner networks of アイコム and TriIs Incorporated to expand sales opportunities for LIMNO's products and contract manufacturing services., Through clarification of LIMNO's medium- to long-term business policy and cooperation in procurement, quality and BCP, we will strengthen relationships with business partners and suppliers and establish stable procurement., The companies will consider jointly planning and demonstrating products and services that use IoT, wireless communications, AI, robotics and other technologies. |
| Number of shares acquired | アイコム will acquire 58,800 shares (49% of voting rights). As part of the reciprocal holdings, アイコム will acquire 91,600 shares of TriIs Incorporated (1.01% of outstanding shares), and TriIs Incorporated will acquire 27,800 shares of アイコム (0.19% of outstanding shares). |
| Acquisition price | LIMNO shares: ¥360,000,000. Third-party allotment payment amounts: ¥96,828,000 for TriIs Incorporated and ¥96,729,000 for アイコム (estimated net proceeds). |
| Shareholding ratio | TriIs Incorporated 100%; ICOM INCORPORATED 0% → TriIs Incorporated 51%; ICOM INCORPORATED 49%（TriIs Incorporated: from 100% to 51%; アイコム: from 0% to 49%） |
| Overview of the joint venture | Name LIMNO Co., Ltd. / Location 7-chome 101, Tachikawa-cho, Tottori, Tottori Prefecture / Business Description Planning, development, manufacture, sale, repair and maintenance services, and consulting for electrical equipment including tablets, displays and IoT modules, as well as planning, development, production, sale, repair and maintenance services for software and services / Capital Contributions ¥61,000,000 / Ownership ratio TriIs Incorporated 51%; ICOM INCORPORATED 49% |
| Ownership ratio | TriIs Incorporated 51%; ICOM INCORPORATED 49% |
| Dispatch of directors and officers | For LIMNO's directors, TriIs Incorporated and アイコム may each nominate 3 directors and may recommend other director candidates in consultation with the other party. The representative director will be a person agreed upon by both companies. For corporate auditors: not disclosed. |
| Contract Period | The agreement may be terminated or ended after 5 years have elapsed from its execution, provided that written notice is given at least 6 months in advance and the parties consult in good faith. There are also termination conditions, including if no joint project has been implemented for 6 months or more. |
| Numerical targets under the alliance | The parties aim to secure mass-production projects for drone-related components, communications modules, control and peripheral equipment, attract ODM, OEM and EMS projects, and expand sales channels, but specific revenue figures and achievement dates have not been disclosed. |
| Shareholding Policy | The parties will continue to hold each other's shares for as long as this business alliance continues and will not transfer, pledge or otherwise dispose of them to a third party without the other party's prior written consent. During the effective period of the alliance, the LIMNO shares will likewise not be disposed of without the other party's prior consent. |
| Date of board resolution | 30 October 2026 |
| Contract Date | 30 October 2026 |
| Alliance start date | 16 November 2026 (予定) |
| Share Acquisition Date and Payment Date | 16 November 2026 (予定) |
| Impact on Business Performance | TriIs Incorporated: The impact of this capital and business alliance on earnings is currently under review. アイコム: The impact on earnings is expected to be immaterial. |
Items this document does not state (1)
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 parties aim to support LIMNO's product development, order acquisition and business operations by combining アイコム's expertise in wireless communications technology, procurement and quality control and its sales network, LIMNO's design, manufacturing and mass-production capabilities, and TriIs Incorporated's management improvement expertise and business development network. They also aim to achieve LIMNO's sustainable growth and enhance the medium- to long-term corporate value of all 3 companies by developing new customers, securing mass-production projects, attracting projects involving the return of production to Japan, and expanding sales channels.