Kyocera to sell US industrial tools subsidiary to Truelink Capital

Kyocera Corporation announced on November 21, 2025, that it will transfer all shares of its US subsidiary, Kyocera Industrial Tools, Inc. (KITI), to TL Sapphire Holdings, Inc., an affiliate of Truelink Capital Management, LLC. This decision, approved by Kyocera's board of directors, is part of a portfolio restructuring to enhance corporate value, involving a review, selection, and concentration of businesses. The share transfer is expected to be executed in January 2026, pending regulatory approvals.

As a result of this transaction, KITI and its 100% subsidiary, SouthernCarlson, Inc., along with SouthernCarlson's subsidiaries, will be excluded from Kyocera's consolidated subsidiaries. The company selected Truelink as the optimal partner after considering various strategic options, including maximizing KITI's corporate value.

The transfer price of the shares is not yet determined as of the announcement date, as it will be calculated based on adjustments for net interest-bearing debt and working capital. Kyocera plans to disclose the definitive transfer price by the third quarter financial results announcement scheduled for February 2026. The impact on Kyocera’s consolidated performance is currently under review and will be disclosed promptly once finalized.