DENSO cancels transfer of spark plug and exhaust sensor businesses to NGK SPARK PLUG
DENSO CORPORATION <6902> announced after the close on Oct. 2 that it will cancel the planned transfer of its spark plug and exhaust sensor businesses to Niterra Co., Ltd. <5334>, originally announced on Sept. 1, 2025. Citing varying energy policies and regulatory environments across regions, as well as prolonged demand for diverse powertrains, DENSO notified Niterra of its intention to terminate the agreement.
Niterra simultaneously disclosed its response, determining that prolonged negotiations over the termination would lengthen the acquisition process and heighten future uncertainty, making it inappropriate from a resource allocation and capital efficiency perspective. As a result, Niterra agreed to DENSO's request. While its earnings forecast for the fiscal year ending March 2027 incorporated transaction preparation costs, Niterra said the cancellation's impact would be minimal. Although numerical targets for its medium-term management plan through March 2030 remain unchanged, Niterra will review its business plans, including capital allocation for growth investments.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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