Pegasus Co., Ltd.
Notice of Establishment of Indian Subsidiary
Against the backdrop of increasing demand in the Republic of India, Pegasus Co., Ltd. plans to establish a local Indian subsidiary, PEGASUS INDIA INDUSTRIAL SOLUTIONS PRIVATE LIMITED. Capital is 240 million INR, with ownership of Pegasus Co., Ltd. 99% and Mr. Mima 1%. Establishment is scheduled for March 2027.
Key Figures
- Capital: 240 million INR (approx. 400 million yen)
- Major shareholders and ownership ratio: Pegasus Co., Ltd. 99%, Masamichi Mima 1%
- Establishment timing: March 2027 (scheduled)
AI要約
India market expansion plan
In response to growing demand in the Indian market, the Company will establish a new company in India to strengthen the local foundations for its apparel machinery business and automotive business. In the apparel machinery business, the company will transition to a sales company with local sales and service functions and expand the sales and service structure across the South Asia region. In the automotive business, the company will establish new sales and production bases to build a mass production system and expand local sales by coordinating with existing overseas production bases.
Establishment structure and future impact
The subsidiary to be established will be PEGASUS INDIA INDUSTRIAL SOLUTIONS PRIVATE LIMITED, located in Bengaluru, Karnataka, India. Capital is 240 million INR, ownership ratio is Pegasus Co., Ltd. 99% and Masamichi Mima 1%, and establishment is scheduled for March 2027. The impact on this fiscal year's consolidated results is expected to be minimal; if any impact on results occurs in the future, timely disclosure will be made.
Pegasus Co., Ltd.
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