IHI Corp. divests construction materials subsidiary

IHI Corporation announced the sale of its wholly-owned subsidiary IHI Construction Materials (IKK) to Vertex Corporation, a precast concrete industry leader. The transaction, expected to close on October 1, 2025, is part of IHI's "Group Management Policies 2023" strategy, which focuses resources on growth sectors. While IKK has been a contributing part of IHI's "Conventional Businesses" segment, increasing competition and evolving market demands led IHI to explore strategic options. Vertex, formed in 2018 through the merger of several concrete businesses, possesses a strong technical and development focus. IHI believes this divestiture will allow IKK to thrive under Vertex's leadership. The financial details of the transaction, although undisclosed, were determined through a fair process. IHI expects the impact on its 2025 consolidated earnings to be minimal.