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M&A and Subsidiary Changes7242KYB CorporationAutomobiles and transportation equipment

Notice Regarding a Change in a Specified Subsidiary

KYB Corporation will inject INR 2,150 million into its consolidated subsidiary KYB India Private Limited, increasing its capital from INR 1,350 million to INR 3,500 million. As a result, the company is expected to become a specified subsidiary of KYB Corporation.

Worth reading
38Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
2150
INR million
Wording
Conditional
How definitive the wording is.

This transaction

Capital raisings
Counterparty (target company)KYB India Private Limited
Disclosing companyKYB Corporation
Voting rights ownership percentage

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.

TimelineThe spacing between the points is proportional to the actual number of days.
Target company

Parts-related businesses for automobiles, construction machinery, agricultural machinery and industrial machinery

Location Pune, Maharashtra, IndiaShare capital INR 1,350 million (after the capital increase: INR 3,500 million)Date of incorporation 3 August 2025
Net Sales— (fiscal year ending March 2026, unit not stated)
Operating profitINR 64 million loss (fiscal year ending March 2026)
Net income for the current fiscal yearINR 66 million net loss (fiscal year ending March 2026)
Net assetsINR 1,284 million (fiscal year ending March 2026)
Consideration and expenses
Type of ConsiderationCash (capital contribution)
Impact on Business Performance

The impact of this transaction on consolidated results for the fiscal year ending March 2027 will be immaterial.

This transaction
ItemDetails
Transaction nameCapital raisings
Counterparty nameKYB India Private Limited
Name of the Subject CompanyKYB India Private Limited
Business Description of the Subject CompanyParts-related businesses for automobiles, construction machinery, agricultural machinery and industrial machinery
Location of the Subject CompanyPune, Maharashtra, India
Capital Stock of the Subject CompanyINR 1,350 million (after the capital increase: INR 3,500 million)
Date of Establishment of the Subject Company3 August 2025
Net Sales of the Subject Company— (fiscal year ending March 2026, unit not stated)
Operating Profit of the Subject CompanyINR 64 million loss (fiscal year ending March 2026)
Net Income of the Subject CompanyINR 66 million net loss (fiscal year ending March 2026)
Net Assets of the Subject CompanyINR 1,284 million (fiscal year ending March 2026)
Type of ConsiderationCash (capital contribution)
Voting rights ownership percentageBefore Effectively 100% → after Effectively 100%
Impact on Business PerformanceThe impact of this transaction on consolidated results for the fiscal year ending March 2027 will be immaterial.
Date of board resolution8 October 2026
Execution Date / Effective DateLate November 2026 (scheduled) (payment date and date on which it qualifies as a specified subsidiary)
Items this document does not state (16)
Acquisition priceExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

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 expand the business in the Indian market and secure the funds for capital expenditures and working capital required for future business development.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding a Change in a Specified Subsidiary | KYB Corporation (7242) timely disclosure | Komori