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%. 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Capital is 240 million INR, with ownership of Pegasus Co., Ltd. 99% and Mr. Mima 1%. Establishment is scheduled for March 2027.","jir_summary":"### India market expansion plan\nIn 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.\n\n### Establishment structure and future impact\nThe 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.","jir_financial_highlights":"Capital: 240 million INR (approx. 400 million yen) (Unknown)\nMajor shareholders and ownership ratio: Pegasus Co., Ltd. 99%, Masamichi Mima 1% (Unknown)\nEstablishment timing: March 2027 (scheduled) (Unknown)","jir_category":"","jir_hashtags":"#PEGASUS, #IndianSubsidiary, #OverseasExpansion, #BusinessStrategy","jir_key_figures":"Capital: 240 million INR (approx. 400 million yen)\nMajor shareholders and ownership ratio: Pegasus Co., Ltd. 99%, Masamichi Mima 1%\nEstablishment timing: March 2027 (scheduled)","jir_meta_title":"Pegasus Co., Ltd. to Establish Indian Subsidiary | Scheduled for March 2027","jir_meta_description":"Pegasus Co., Ltd. plans to establish a new Indian subsidiary to strengthen local sales and production bases amid growing demand in the Indian market. Capital is 240 million INR, with Pegasus Co., Ltd. expected to hold 99%. Establishment is scheduled for March 2027.","jir_og_title":"Pegasus Co., Ltd. Announces Establishment of Indian Subsidiary | Scheduled March 2027","jir_og_description":"Aiming to capture growth in the Indian market, Pegasus Co., Ltd. will establish a local subsidiary. Overview of capital, ownership ratio, and establishment timing provided.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":58019,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-137788","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n