Kurogane Kosakusho increases stake in Japan Accuride

Kurogane Kosakusho announced it will increase its shareholding in Japan Accuride Co., Ltd. through the acquisition of 900 shares from Aishii Industries Co., Ltd., effective June 17, 2025. The acquisition, valued at JPY 32,400K, raises Kurogane Kosakusho's stake to 50%, totaling 4,000 shares. While the share increase aligns Kurogane Kosakusho's holdings with those of its joint venture partner, Accuride International, the company confirms Japan Accuride will remain an equity method affiliate rather than a consolidated subsidiary. The company expects to recognize a gain on this transaction, which will impact earnings, but the amount is still under review. Kurogane Kosakusho will promptly inform investors if any adjustments to the current fiscal year's earnings forecast are necessary.