Nisshinbo Holdings announces early retirement program amid restructuring

Nisshinbo Holdings announced today the implementation of an early retirement incentive program at Japan Radio Co., Ltd. and its subsidiaries located in Japan. This initiative, impacting approximately 400 employees, is a strategic move within the broader restructuring of Nisshinbo's wireless and communications business aimed at improving profitability. The application period for the program runs from October 10, 2025, to October 31, 2025, with a retirement date set for November 30, 2025. Participating employees will receive special retirement benefits in addition to normal retirement benefits, and will have access to reemployment support services. Nisshinbo anticipates recording the costs associated with this program as business restructuring expenses in the fiscal year ending December 2025, and will promptly disclose any revisions to performance forecasts as the costs are finalized.