Nitta Corporation
Notice Regarding Establishment of Overseas Subsidiary
Nitta Corporation plans to establish a subsidiary for processing and sales of semiconductor polishing products in Xinbei District, Changzhou City, Jiangsu Province, China in April 2026. The capital stock will be 5 million USD, and it will be a wholly owned consolidated subsidiary.
Key Figures
- Capital Stock: 5 million USD
- Scheduled Establishment Date: April 2026
- Ownership Ratio: 100% (Consolidated Subsidiary)
AI要約
Overview of Subsidiary Establishment
Nitta Corporation plans to establish a subsidiary named “Nitta Advanced Materials Technology (Changzhou) Co., Ltd. (tentative)” in Xinbei District, Changzhou City, Jiangsu Province, China in April 2026 to engage in processing and sales of semiconductor polishing products. The capital stock will be 5 million USD and it will be a wholly owned consolidated subsidiary. The purpose of establishing this subsidiary is to respond to the expanding demand in the Chinese semiconductor market and to maintain and expand sales of related company products. This will strengthen the supply system, shorten lead times, and enable prompt response to customer needs.
Future Outlook
The impact on the Company's consolidated results for the fiscal year ending March 2026 is currently expected to be minor. Should any matters requiring disclosure arise, they will be promptly announced. Through this subsidiary establishment, the Company aims to contribute to the achievement of the Group’s medium- to long-term management plan “SHIFT2030” and enhance its global competitiveness in the semiconductor market.
