Icom Incorporated
Notice of Basic Agreement toward a Joint Venture with LIMNO Inc.
This announcement reports the conclusion of a basic agreement toward converting LIMNO into a joint venture rather than financial results such as sales or expenses. A formal agreement is scheduled for the end of October 2026, and Icom is expected to hold a 49% stake in LIMNO with Tryeyes holding 51%. Depending on the final contractual terms, an impact on consolidated financial statements is expected.
Key Figures
- LIMNO capital: 6,100,000 yen
- LIMNO net assets: 1,188,840,554 yen (As of July 31, 2026)
- LIMNO total assets: 7,994,378,463 yen (As of July 31, 2026)
AI要約
Overview of the Partnership
Icom Incorporated has entered into a basic agreement with Tryeyes to jointly operate LIMNO Inc. as a joint venture. After Tryeyes ultimately acquires LIMNO's shares, Icom will acquire a 49% stake, and the joint venture will be operated under a 49%/51% structure. The purpose of the partnership is to expand new business opportunities by combining wireless communication technology with design, manufacturing, and mass-production capabilities, and to enhance the medium- to long-term value of the three companies.
Future Schedule and Impact
The formal agreement is scheduled to be concluded by the end of October 2026. Details of the acquisition and the accounting treatment will be discussed and decided going forward, and the impact on consolidated results for the fiscal year ending March 2027 is currently being examined. Any matters that should be disclosed will be announced promptly.
Icom Incorporated
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