#Indonesia

YAMAZEN CORPORATION entered into a basic agreement on February 6, 2026, to acquire all 78,000 shares of PT. Somagede Indonesia and make it a wholly owned subsidiary. The acquisition price is undisclosed, and the share transfer agreement is scheduled to be concluded by February 28, 2026.

Osaka Steel announced the suspension of operations of its consolidated subsidiary PT.KRAKATAU OSAKA STEEL, with production ceasing on April 30, 2026, and business termination scheduled for June 30. The company will withdraw from its Indonesia business and expects to record losses.