NGK Insulators, Ltd.
(Disclosure Cancellation) Notice Regarding the Termination of the Agreement for Acquisition of Shares in Germany Deutsche KNM GmbH
The share acquisition agreement for Germany Deutsche KNM GmbH was terminated due to inability to execute by November 26, 2025, without approval from the Malaysian Stock Exchange. There is no impact on the consolidated earnings forecast.
Key Figures
- Date of Contract Termination: 2026年1月29日
- Execution Deadline for Share Acquisition (longstop date): 2025年11月26日
- Delisting Date of KNM Group Berhad: 2025年11月5日
AI要約
Overview of M&A Contract Termination
NGK Insulators, Ltd. has terminated the share acquisition agreement for Germany Deutsche KNM GmbH announced on February 27, 2025. The reason for termination is that KNM Group Berhad, the wholly owning parent company of the counterparty, failed to obtain approval from the Malaysian Stock Exchange and was delisted on November 5, 2025, resulting in the non-fulfillment of the preconditions stipulated in the contract and the inability to execute the share acquisition by November 26, 2025.
Outlook and Impact on Earnings
The full-year consolidated earnings forecast for the fiscal year ending March 2026, released on October 31, 2025, does not factor in any impact from this share acquisition, and it has been announced that the contract termination will have no effect on the consolidated earnings forecast. Various possibilities were considered, including the abandonment of the preconditions related to the share acquisition, but ultimately, the decision to terminate the contract was made.
