Noritz cancels Ogiwara acquisition resolution due to filing error

Noritz Corporation announced on October 17, 2025, the cancellation of its board resolution from October 15, 2025, concerning the acquisition of Ogiwara MFG. Co., Ltd. through a simplified partial share exchange. The decision to revoke the resolution was prompted by the discovery of a procedural error: the total value of the simplified partial share exchange over a one-year period would have exceeded the JPY100 million threshold, making it an offering requiring a Securities Registration Statement, which had not been filed.

Noritz stated it would commence preparations for submitting a Securities Registration Statement to the Director-General of the Kanto Local Finance Bureau. Once a new resolution is approved by its board of directors, the company intends to make a prompt public announcement. Noritz affirmed its commitment to meticulously review relevant laws and guidelines to ensure proper procedures are followed moving forward.