Tamura Completes China Subsidiary Share Transfer

TOKYO, Jul 01 (Pulse News Wire) – Tamura Corporation (6768.T) completed the transfer of all shares held in its subsidiary, Tianmu Automotive Electronics Co., Ltd., located in Foshan, China, to Foshan Nanhai Silicon Steel Core Manufacturing Co., Ltd. on June 30, 2026.

As a result of this share transfer, Tianmu Automotive will no longer be considered a consolidated subsidiary of Tamura Corporation beginning in the first quarter of fiscal year 2027. The transaction is expected to generate approximately ¥700 million in extraordinary income during the first quarter of fiscal year 2027.

This anticipated gain was previously disclosed on May 11, 2026, and has been incorporated into the consolidated earnings forecast for the fiscal year ending March 2027, which was reported in the interim report released on May 11, 2026.