Source disclosure: February 09, 2026
NIHON KAGAKU SANGYO CO.,LTD. [4094.T]
TOKYO, Feb 09 (Pulse News Wire) – Nihon Kagaku Sangyo CO.,LTD. (4094.T) announced today that its contract for manufacturing lithium-ion battery cathode materials for Sumitomo Metal Mining Co., Ltd.
Will end in mid-August 2026. In response, the company decided to implement a limited-time early retirement program for affected employees. The company has been engaged in manufacturing part of the production process for lithium-ion battery cathode materials since 2015, contributing to the global EV market's growth. However, due to rapid changes in the automotive battery materials market driven by U.S. environmental policies and Chinese manufacturers' expansion, Sumitomo Metal Mining plans to shift its focus to new product varieties and internal resource management. As a result, NIHON KAGAKU SANGYO’s contract for NCA cathode material manufacturing will conclude in August 2026. To support impacted employees, NIHON KAGAKU SANGYO will offer enhanced severance packages and career transition assistance through a temporary early retirement program.
The program targets approximately 50 full-time employees involved in the battery materials contract business, with applications accepted from April 6 to May 20, 2026. The final retirement date is set for August 31, 2026. Regarding future outlook, the company expects to continue the NCA manufacturing contract until mid-August 2026. The fiscal year 2026 March term consolidated performance forecast remains unchanged from the revised earnings forecast released on November 7, 2025. Any necessary adjustments will be promptly disclosed. Shareholder return policy, including shareholder benefits, remains unchanged. The impact on consolidated performance for the fiscal year ending March 2027 and beyond will be assessed further, with results expected to be announced around May 2026.
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