TriIs Inc hits limit-up temporarily on strategic capital and business tie-up with ICOM INC
TriIs Incorporated <4840> surged, briefly rising to its daily limit-up price of 871 yen. After market close on Sep 30, TriIs announced a basic agreement with ICOM INCORPORATED <6820> to operate LIMNO (Tottori City, Tottori) as a joint venture, drawing buying. LIMNO, engaged in planning, development, procurement, manufacturing, and quality control of electrical equipment, is set to become a unit of TriIs as of Oct 1.
Under the strategic alliance, TriIs will transfer a 49.0% stake in LIMNO to ICOM, with the two companies jointly operating LIMNO as a joint venture. Through the partnership, the companies aim to win mass production orders for drone-related components, communication modules, and peripheral devices by combining ICOM's wireless technology, LIMNO's manufacturing expertise, and TriIs's business alliance and development network. Additionally, leveraging TriIs's advisor and business alliance network, the partnership will seek to attract ODM, OEM, and EMS projects for home appliances and other electrical equipment considering a shift from overseas to domestic production, while expanding sales channels using both companies' distribution networks. TriIs noted the impact on earnings for the fiscal year ending Dec 2026 is under review.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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