This transaction
Establishment of Vietnamese SubsidiaryThe 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.
Import and export, sale, repair and maintenance of industrial machinery and parts
The impact of this matter on the Company's consolidated results for the fiscal year ending March 2027 is expected to be immaterial.
| Item | Details |
|---|---|
| Transaction name | Establishment of Vietnamese Subsidiary |
| Name of the Subject Company | RIX Vietnam Co., Ltd. (provisional) |
| Business Description of the Subject Company | Import and export, sale, repair and maintenance of industrial machinery and parts |
| Location of the Subject Company | Ho Chi Minh City, Socialist Republic of Vietnam |
| Capital Stock of the Subject Company | ¥60 million |
| Date of Establishment of the Subject Company | April 2027 (scheduled) |
| Voting rights ownership percentage | After 100% (equity contribution ratio) (before not disclosed) |
| Impact on Business Performance | The impact of this matter on the Company's consolidated results for the fiscal year ending March 2027 is expected to be immaterial. |
| Date of board resolution | 14 October 2026 |
| Execution Date / Effective Date | April 2027 (scheduled) |
| Management structure after acquisition | Name: RIX Vietnam Co., Ltd. (provisional); Representative: Undecided. Employee treatment: Not disclosed |
Items this document does not state (21)
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 establish a sales and service structure for the Company's and group companies' products, build a competitive advantage and expand sales in the ASEAN region, against a backdrop of Vietnam maintaining GDP growth of approximately 7% despite the slowdown in the Chinese economy, trade becoming easier following the easing of foreign investment regulations after Vietnam joined the WTO, and the country having a population of approximately 100 million and a consumer market.