Nihon Dengi to integrate ND Tech and Taito Setsubi

Nihon Dengi announced today that it will integrate ND Tech Co., Ltd. and Taito Setsubi Co., Ltd., both non-consolidated subsidiaries. The merger aims to improve the efficiency of group management by consolidating ND Tech's design and sales of air conditioning and automated control systems with Taito Setsubi's construction and installation capabilities. Under the agreement, Taito Setsubi's management and employees will move to ND Tech, and Taito Setsubi will be liquidated by the end of May 2025, with ND Tech continuing as the surviving entity. ND Tech, capitalized at 13 million yen and fully owned by Nihon Dengi, will continue its operations in design, sales, and installation of air conditioning and automated control systems, based in Tokyo's Sumida district. Nihon Dengi anticipates a negligible impact on its consolidated financial results from this integration, and there is no change to the company's previously announced earnings forecast or dividend guidance from February 26, 2025.