[Nichidai] Completion of Indian Joint Venture Establishment | July 2026

Overview of Business Strategy and Joint Venture Establishment

Nichidai has established a joint venture with Sunsera Co. to expand its business in the Indian market, completing the investment. The new company is named Nichidai Sansera Private Limited, which will manufacture and sell precision components. The establishment is scheduled for February 2026, with an investment of 80,000 Indian Rupees (¥132,800), and Nichidai's shareholding ratio is 40%. Future capital increases are also planned, aiming to strengthen competitiveness and revenue growth in India's growing market.

Future Outlook and Impact on Business Performance

The joint venture will be accounted for using the equity method and is expected to contribute to Nichidai's mid- to long-term performance and corporate value enhancement. Although initial costs will be reflected in the consolidated results for the fiscal year ending March 2027, the actual impact may vary depending on progress, as the business is in its startup phase. As part of its medium-term management strategy, the company will promote global expansion and new business creation.