Nisshinbo Holdings to Transfer Forming Business Unit via Spin-off and Share Sale

TOKYO, Jun 30 (Pulse News Wire) – Nisshinbo Holdings Inc. (3105.T) decided to spin off its forming products division through a simplified absorption split and sell shares of five subsidiaries to Endeavor United entities.

The transaction aims to enhance growth in wireless communication sectors while ensuring sustainable development for transferred companies. The absorption split involves transferring the forming products business from Nisshinbo Mechatronics to a newly established subsidiary. The share sale includes stakes in Southern Chemical Industry, Nisshinbo Precision Machinery Hiroshima, Nisshinbo Mechatronics India Pvt.

Ltd., Nisshinbo Mechatronics (Thailand) Ltd., and Nisshinbo Mechatronics Shanghai Co., Ltd. to investment funds managed by Endeavor United. Key dates for the transactions are set for October 1, 2026.

The spun-off entity will focus on air conditioning components and resin molding products, aiming to achieve higher profitability and operational efficiency under new management.