Nippon Pillar to establish Malaysian subsidiary for semiconductor growth

PILLAR Corporation announced on October 21, 2025, a resolution by its board of directors to establish a new manufacturing and sales subsidiary, PILLAR Malaysia Sdn. Bhd., in Penang, Malaysia. This strategic move aims to strengthen the company’s global supply network and enhance its ability to respond to increasing demand in semiconductor-related markets. The Malaysian government's "New Industrial Master Plan 2030" has positioned the country as a key manufacturing hub in Asia, attracting strategic investments from semiconductor companies.

The new subsidiary, with a tentative establishment date of March 2026, will be 100% owned by the PILLAR Group and capitalized at $3 million. Its business activities will include processing and selling fluororesin tubes, along with importing and selling various fluororesin products. The representative will be Takashi Nakakita.

PILLAR Corporation anticipates the impact on its consolidated financial results for the fiscal year ending March 31, 2026, to be immaterial. The company has committed to promptly disclose any future matters requiring disclosure.