Transfer of Part of a Business by a Consolidated Subsidiary
Nippon Seiki (Europe) B.V. (Nippon Seiki Europe, a consolidated subsidiary of the Company)
Automotive embedded software development business operated in Gdańsk, Poland
The transfer was considered in light of the market environment surrounding the European business and from the perspective of focusing and concentrating the Company's businesses. The objectives are to optimize management resources, improve operational efficiency and strengthen the sustainable business foundation of the European business.
The impact of this matter on results is immaterial. The Company will promptly disclose any matters that should be announced.
The business transfer is scheduled to be completed on 2 October 2026. After the transfer, the Company will continue to collaborate on software development by utilizing the technologies and personnel of its sites in Japan, Vietnam and Europe. The Company will promptly disclose any matters that should be announced.
| Item | Details |
|---|---|
| Event name | Transfer of Part of a Business by a Consolidated Subsidiary |
| Date of occurrence | 1 September 2026 (date the transfer agreement was signed) |
| Subject Entity | Nippon Seiki (Europe) B.V. (Nippon Seiki Europe, a consolidated subsidiary of the Company) |
| Target Locations / Products | Automotive embedded software development business operated in Gdańsk, Poland |
| Cause | The transfer was considered in light of the market environment surrounding the European business and from the perspective of focusing and concentrating the Company's businesses. The objectives are to optimize management resources, improve operational efficiency and strengthen the sustainable business foundation of the European business. |
| Impact on Earnings Forecast | The impact of this matter on results is immaterial. The Company will promptly disclose any matters that should be announced. |
| Outlook | The business transfer is scheduled to be completed on 2 October 2026. After the transfer, the Company will continue to collaborate on software development by utilizing the technologies and personnel of its sites in Japan, Vietnam and Europe. The Company will promptly disclose any matters that should be announced. |
| Planned follow-up disclosure | The Company will promptly disclose any matters that should be announced. |
Items this document does not state (17)
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 the market environment surrounding the European business, the Company aims to strengthen its sustainable business foundation by focusing and concentrating its businesses, optimizing management resources and improving operational efficiency. The Company also has software development cooperation with the FPT Group in multiple regions and has determined that FPT Poland is an appropriate transferee.