This transaction
Establishment of a European regional headquarters companyThe voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
European regional headquarters company
This matter will have no impact on results for the fiscal year ending October 2026. If any matter requiring disclosure arises concerning its future impact on results, the Company will promptly disclose it.
| Item | Details |
|---|---|
| Transaction name | Establishment of a European regional headquarters company |
| Counterparty name | TSK of America Inc. |
| Name of the Subject Company | TSK of Europe GmbH (tentative name) |
| Business Description of the Subject Company | European regional headquarters company |
| Location of the Subject Company | Bavaria, Federal Republic of Germany |
| Capital Stock of the Subject Company | EUR 750,000 (equivalent to ¥139 million) |
| Date of Establishment of the Subject Company | November 2026 (scheduled) |
| Voting rights ownership percentage | After Indirect ownership: 100.0% (before not disclosed) |
| Impact on Business Performance | This matter will have no impact on results for the fiscal year ending October 2026. If any matter requiring disclosure arises concerning its future impact on results, the Company will promptly disclose it. |
| Date of board resolution | 7 August 2026 |
| Execution Date / Effective Date | November 2026 (scheduled) |
| Management structure after acquisition | The corporate name will be TSK of Europe GmbH (tentative name). Karen Zezula is scheduled to become CEO, Tadashi Adachi (安達忠史), President of HI-LEX Europe GmbH, is scheduled to become European CTO, and Paolo Pajardi, Vice President of HI-LEX Italy S.p.A., is scheduled to become European CFO. One representative director and one executive officer of the Company are scheduled to become directors. Employee treatment: Not disclosed. |
Items this document does not state (20)
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 centrally manage the management functions and resources dispersed across the Group’s European operations, optimize the allocation of management resources, standardize business processes and technology platforms, strengthen coordination among operations, optimize investment decisions and the use of funds, accelerate decision-making, and strengthen governance.