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THK CO., LTD. — M&A Activity 2026
Jun 1, 2026
11792_rns_2026-06-01_7934ae03-61b0-4dba-8828-d3de8edf85e5.pdf
M&A Activity
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THK The Mark of Linear Motion
June 1, 2026
(Progress of Disclosed Matter) Notice Regarding Completion of the Transfer of Shares of Consolidated Subsidiaries and Assignment of Receivables
Company Name : THK CO., LTD.
Representative : Takashi Teramachi, President and CEO
Code number : 6481 (Tokyo Stock Exchange Prime Market)
Contact : Kenji Nakane, Director and CFO (Tel: +81-3-5730-3911)
At the Board of Directors' meeting held on February 2, 2026, THK CO., LTD. (hereinafter, "THK") decided to transfer all of its shares of TRA Holdings, CO., LTD., a subsidiary of THK which has THK RHYTHM CO., LTD. as a group company, THK RHYTHM AUTOMOTIVE CANADA LIMITED, THK RHYTHM AUTOMOTIVE CZECH a.s., THK RHYTHM AUTOMOTIVE GmbH, and THK RHYTHM AUTOMOTIVE MICHIGAN CORPORATION (collectively, the "Target Subsidiaries") and all the loans receivable from the Target Subsidiaries (hereinafter, the "Receivables") to a special purpose company indirectly funded by investment funds serviced by Advantage Partners, Inc. (hereinafter, "SPC"). On the same date, THK and SPC entered into a basic agreement concerning transfer of shares of the Target Subsidiaries and assignment of the Receivables.
THK hereby announces that the transfer of shares of the Target Subsidiaries and assignment of the Receivables were completed today, June 1, 2026.
As a result, the consolidated subsidiaries above were excluded from the scope of consolidation. The impact of the above transactions have been disclosed in the announcement of THK Group's consolidated operating results for the year ended December 31, 2025. If any new matters requiring disclosure arise in the future, THK will disclose them promptly.