Notice Concerning the Establishment of a New Plant at a Consolidated Subsidiary in the U.S. PDF （73KB）

Translation

Notice: This document is a translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

February 26, 2026

PRESS KOGYO CO., LTD. (the "Company") hereby announces that at the meeting of its Board of Directors held today, it was resolved that the Company's consolidated subsidiary in the U.S., PK U.S.A., Inc., shall establish a new plant, as detailed below.

1. Purpose of establishment

   The Company has set forth its action plan to respond to the local production measures at the sites in the

   U.S. by European and Japanese manufacturers as part of "Expanding and challenging strategies in core business" in our medium-term business plan for FY2024 to FY2028.

   Through giving PK U.S.A., Inc. the green light to establish a new operational base in North America, the Company expects to further strengthen the Group's business presence there.

2. Overview of new plant

   (1)	Name	South Carolina Plant of PK U.S.A., Inc.
   (2)	Location	South Carolina, U.S.
   (3)	Planned investment amount	Approximately 20,000 thousand U.S. dollars
   (4)	Production items	Chassis related parts for commercial vehicles
   (5)	Scheduled commencement of operations	Commencement of operations: October 2027

3. Overview of consolidated subsidiary

   (1)	Name	PK U.S.A., Inc.
   (2)	Location	Indiana, U.S.
   (3)	Name and job title of representative	Shunsuke Takagi, CEO
   (4)	Description of business	Automotive-related business
   (5)	Share capital	49 thousand U.S. dollars
   (6)	Date of establishment	July 1988
   (7)	Major shareholders and ownership ratios	PRESS KOGYO CO., LTD. (the Company) 100%

4. Future outlook

As of now, there is no impact from this matter on the full-year consolidated financial results forecast for the fiscal year ending March 31, 2026. If any events occur in the future that have a significant impact on the financial results, the Company will promptly announce them.