Notice Regarding the Transfer of the All-Solid-State Battery Business

Overview of the Business Transfer

Kanadevia Corporation resolved at its Board of Directors meeting on March 4, 2026, to transfer its all-solid-state battery business to Suzuki Motor Corporation and concluded the business transfer agreement on the same day. The transferred business includes technology development, design, and sales of all-solid-state batteries; however, details of the transfer price and assets/liabilities are undisclosed due to confidentiality obligations. The settlement will be made in cash, and the business transfer date is July 1, 2026.

Impact on Performance and Background

As a result of this business transfer, Kanadevia Corporation is expected to record an extraordinary income of approximately 7.4 billion yen from the business transfer gain in both standalone and consolidated financial results for the second quarter of the fiscal year ending March 2027. The all-solid-state battery business has been under development since 2006, possesses advanced technology including joint research with JAXA and acquisition of space flight certification, but in response to intensifying competition, the business will be handed over to Suzuki, which has strengths in the electric mobility sector, aiming for further technological advancement and contribution to industrial growth.