NAGAOKA INTERNATIONAL CORPORATION [6239.T]
TOKYO, Mar 26 (Pulse News Wire) – Nagaoka International Corporation (6239.T) announced today that its subsidiary, Yasawa Ferromite Co., Ltd., has formally concluded a contract for the improvement of sodium hydroxide injection equipment at the Sagamihara Water Purification Plant. The project was awarded through a bidding process conducted on March 18, 2026.
The contract involves work worth approximately ¥2.260 billion (tax included) and is scheduled for completion by October 2029. Yasawa Ferromite specializes in water treatment solutions, metal fabrication, and various maintenance services. The company's headquarters are located at Saitama, Kawaguchi Shi Honchou 4-1-8, with a capital of ¥50 million.
Nagaoka International Corporation holds a significant stake in Yasawa Ferromite, representing 100% of the shares. Regarding future prospects, the company plans to recognize revenue based on the progress of the construction work. However, due to the three-and-a-half-year duration of the project, the impact on the fiscal year ending June 2026 is expected to be minor.
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