Nisshinbo Holdings: Company announces further business portfolio reorganization Quick Note

研报英文原文证据摘录

Nisshinbo Holdings: Company announces further business portfolio reorganization Quick Note

Global Markets Research

1 July 2026Nisshinbo Holdings

3105.T 3105 JP / EQUITY: JAPAN INDUSTRIAL ELECTRONICS

Company announces further business portfolio Rating Buyreorganization

Target price JPY 3,700Quick Note

Closing price

30 June 2026 JPY 2,475.0First impression positive: Further moves to spin off non-core businesses

Nisshinbo Holdings issued a press release on 30 June entitled Notice Regarding the (Note: Quick Note reports are not a

Absorption-Type Split and Other Matters Related to the Transfer of the Molded Products vehicle for changes to ratings, target

Business by Nisshinbo Mechatronics Inc., in which it announced that it was selling its non- prices, or earnings forecasts)

core molded products business, part of the precision instruments segment, to an

investment fund called Endeavour United. It plans to transfer the molded product business

to a new company to be established in late July for the purposes of an absorption-type

company split, and then sell that company on 1 October. It did not disclose the selling Research Analysts

price. We see this as evidence of Nisshinbo Holdings moving fast to reorganize its

Japan industrial electronicsbusiness portfolio.

Virginia Wang - NSC

The precision instruments segment generated sales of ¥55.4bn in 25/12, or 11% of the virginia.wang@nomura.com

total. It includes the molded products business (main end-product markets include +81 3 6703 1215

automobiles, air conditioning, and medical devices) and the precision components

business (components for electronic braking systems (EBS)), and it is targeting the

molded products business for sale. The molded products business accounted for roughly