Share Acquisition of Special Electrode Completed | July 17, 2026

Performance Overview

Hirayama Holdings announced that it completed the acquisition of 422,900 shares (26.40%) of the special electrode business on July 17, 2026. As a result, the special electrode becomes an equity-method affiliate, and investment gains are scheduled to be recorded as non-operating income in the fiscal year ending June 2027. The consolidated sales of the special electrode for the fiscal year ending March 2026 were 10,915 million yen, an increase of 3.4% compared to the same period last year. This content reports a significant change in the capital relationship, which is expected to influence future performance outlook.

Future Outlook and Impact

Through the acquisition of shares of the special electrode, Hirayama Holdings will deepen its relationship as an equity-method affiliate. In the fiscal year ending June 2027, the profit and loss of the special electrode will be reflected proportionally in non-operating income or loss and incorporated into earnings guidance. This is expected to have a positive impact on future performance, while the change in the capital relationship could significantly influence the company's business strategy and financial condition.