Nabtesco delays hydraulic business split due to procedural delays

Nabtesco Corporation has resolved to amend the effective date of the absorption-type company split of its hydraulic equipment business and the closing date of the share transfer with Comer Industries S.p.A. Originally scheduled for October 2025, both events are now planned for December 2025. This change stems from delays in obtaining necessary permits and approvals, which are prerequisites for the agreement.

The original agreements, including the share purchase agreement and shareholders' agreement with Comer Industries S.p.A., were executed on July 31, 2025, and the absorption-type company split agreement on September 17, 2025. Despite these delays, Nabtesco anticipates that the impact on its operating results for the current fiscal year will be minor. The company committed to promptly disclose any events that necessitate further disclosure.