Establishment of a Joint Venture to Expand Business in Security Cameras | July 2026

Overview of Business Strategy and Joint Venture Establishment

Merchant Bankers has established a joint venture, DogEye Corporation, with AI TECHNOLOGY, to strengthen the development and sales of AI security cameras. Leveraging their extensive manufacturing experience, AI TECHNOLOGY plans to sell new products for detached houses in August 2026. The joint venture aims to sell surveillance cameras and image processing systems, with a capital of 1 million yen and investment ratios of 50% each. This initiative is part of the company’s strategy to expand its business in the security field.

Future Outlook and Impact

The establishment of the joint venture is expected to contribute to the medium- to long-term performance improvement of the corporate group, though its impact on earnings for the fiscal year ending October 2026 is anticipated to be minor. Any significant developments will be promptly disclosed. The strategy focuses on responding to the increasing societal demand for security cameras by expanding sales channels and product lineups.