Ikuyo Automotive Co., Ltd. (hereinafter "Ikuyo Automotive"), a subsidiary of our company, has received a subscription certificate (offer to subscribe) from NIHA Co., Ltd. (hereinafter "NIHA") for a total amount of 500 million yen regarding a third-party allotment capital increase currently under consideration. We hereby announce the details as follows.

1. Overview

We have received an expression of intent from NIHA to subscribe for shares worth 500 million yen in connection with the third-party allotment capital increase currently being considered by Ikuyo Automotive. Please note that, at this stage, neither our company nor Ikuyo Automotive has finalized the allocation of shares (acceptance of investment) to NIHA.

2. Next Steps

Going forward, our group will conduct necessary investigations and evaluations regarding NIHA's corporate profile, business activities, and potential synergies with our group's growth strategy—including strengthening automotive parts businesses, advancing EV and autonomous driving initiatives, launching new businesses, and preparing for a potential U.S. listing. Based on this assessment, we will carefully consider and determine whether to formally approve NIHA as a subscriber and accept the capital increase.

3. Future Outlook

Should any material developments arise regarding this matter—such as a final decision on share allocation—we will promptly disclose the information.

[Our Company]

Company Name: Ikuyo Co., Ltd.

Representative: Sun Feng, President and Representative Director

Head Office: 2nd Floor, Shintoyo Akasaka Building, 4-9-25 Akasaka, Minato-ku, Tokyo

URL: https://www.ikuyo194.co.jp/

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  • Source: PR TIMES
  • Category: Funding