April 27, 2023
Nippon Light Metal Holdings Company, Ltd.

Establishment of a new company,“Nikkeikin Aluminum for Mobility Company, Ltd.”（Nikkeikin ALMO Company, Ltd.）-- consolidating the automotive components businesses of the NLM Group—
Nippon Light Metal Holdings Company, Ltd. (President and Chief Executive Officer: Ichiro Okamoto; Head Office:Minato-ku, Tokyo; hereinafter, the "Company") hereby announces a consolidation of Group’s automotive
components businesses and establishment of a new company, “Nikkeikin Aluminum for Mobility Company,Ltd.”(Nikkeikin ALMO Company, Ltd.), on October 1, 2023.
1. Objectives：
Currently several divisions of Nippon Light Metal Company, Ltd., and subsidiaries like Nikkeikin Aluminum CoreTechnology Company, Ltd., Nikkei Heat Exchanger Company, Ltd., and Nikkei Matsuo Co., Ltd. are engaged in
automotive components business, and each has its own function of sales, manufacturing, development in therespective areas of expertise.
The automotive industry is accelerating its movement toward electrification under the pressure of Global
Environmental Protection Policies in major countries. The Group has regarded the automotive sector as an important
growth area and has been promoting cross-company collaboration among the Group, to improve its competitiveness.
However, the speed of changes in the market environment is expected to increase further in the future, andconsequently it is judged appropriate to consolidate Group’s automotive components businesses, aggregate dispersed
resources, and allocate them flexibly in order to improve our competitiveness. This consolidation will bring further
improvement of services to our customers and increase the corporate value of the entire Group.
2. Method of business consolidation and establishment of a new company：
Nikkei Heat Exchanger Company, Ltd. will be Successor Company and succeed business of Industrial Parts Businessdivision, Heat Exchanger Businesses division of Nippon Light Metal Company, Ltd. and automotive-related businessof Nikkeikin Aluminum Core Technology, Ltd. Then Nikkei Heat Exchanger Company, Ltd. will subsequently
change its trade name to Nikkeikin ALMO Company, Ltd.
At the same time, the shares of Nikkei Matsuo held by Nippon Light Metal, Ltd., the shares of Nikkei (Suzhou)
Precision Parts in China held by Nikkeikin Aluminum Core Technology,Ltd. and the shares of Nippon Light Metal
Georgia, Inc. in the US held byNippon Light Metal North America, Inc. in the US will be transferred (sold) toNikkeikin ALMO Company, Ltd. The three companies will become subsidiaries of Nikkeikin ALMO Company, Ltd.
Additionally, the heat exchanger business of Nikkei Siam Aluminum Limited in Thailand and NI Nikkei Shenzhen
in China will be operated under the auspices of Nikkeikin ALMO Company, Ltd., while maintaining the current
1capital relationship.
[Structure post business integration]

Before business integration

After business integration (from Oct. 1, 2023)

NLM HD

NLM HD
NLM

NLM
Industrial parts business(new company)
NLM ALMO

Heat exchanger businessIndustrial parts business

Nikkei Heat Exchanger

Heat exchanger business

Nikkei Matsuo

Automotive-related business

NI Nikkei Shenzhen
Nikkei Matsuo

NLM North America

NLM Georgia

NLM Georgia

Nikkei (Suzhou) Precision Parts

Nikkei SiamNLM North America

Heat exchanger business

Nikkei SiamHeat exchanger business

NLM Kakoh Kaihatsu HD
NI Nikkei Shenzhen
Aluminium Core Techno
Automotive-related business

NLM Kakoh Kaihatsu HD

Nikkei (Suzhou) Precision Parts*Note

NLM Aluminium Core Technology: businesses to be integrated

3. Origin of the new company name :"ALMO" is derived from “ALUMINUM for MOBILITY.”
We will regard the name ALMO as a brand of the Group's automotive components business and strive to spread it.

24. Overview of the new company (planned)(1)

Trade name

Nikkeikin Aluminum for Mobility Company, Ltd.

(2)

Representative

Toshiharu Hatamoto, President and CEO(3)

Head office address

Urbannet Uchisaiwaicho Building, 1-1-13 Shimbashi, Minato-ku,
Tokyo

(4)

Main lines of business

Development, manufacture and sale of aluminum automotive parts(5)

Business start dateOctober 1, 2023

(6)

Number of employees

Non-consolidated: approximately 180
Consolidated including subsidiaries: approximately 900(7)Business locations

Sales offices (4 locations in Japan)(including the three

Minato-ku in Tokyo, Osaka City in Osaka Prefecture, Hamamatsu

subsidiaries, NI Nikkei

City in Shizuoka Prefecture, Ueda City in Nagano Prefecture

Shenzhen and NikkeiSiam)

Plants (5 locations in Japan, 4 locations overseas)
Shizuoka City in Shizuoka Prefecture (2 plants), Ueda City inNagano Prefecture (2 plants), Tomakomai City in Hokkaido,
China (Suzhou, Shenzen), Thailand, United States(8)

Capital

450 million yen(9)

Number of shares

10,500 shares

outstanding(10)

Major shareholder andNippon Light Metal Company, Ltd. 100%

shareholding ratio

5. Other“Automotive Parts Company Establishment Preparatory Office” was set up on April 27, 2023 within Nippon LightMetal Company, Ltd. to prepare for the establishment of the new company, “Nikkeikin ALMO Company, Ltd.”
Contact Relating to Release:
Public Relations Office
Nippon Light Metal Company, Ltd.
TEL: +81-3-6810-7160

3

Appendix: Overview of the main parties concerned (as of March 31, 2023)(1)Trade name

Nippon Light Metal Company, Ltd.

(2)

Representative

Ichiro Okamoto, President and CEO(3)

Head office address

Minato-ku, Tokyo(4)

Main lines of business

Manufacturing and sale of alumina, aluminum hydroxide,various chemicals, and aluminum ingots/alloys,
manufacture and sale of aluminum rolled products,
transportation-related products, electronic materials andother products(5)Year of establishment

1939

(6)

Capital30,000 million yen(7)

Shareholder composition

Nippon Light Metal Holdings Company, Ltd. 100%(1)

Trade Name

Nikkeikin Aluminium Core Technology Company, Ltd.

(2)

RepresentativeYoshiaki Ito, President and CEO(3)

Head office address

Minato-ku, Tokyo(4)

Main lines of business

Manufacture and sale of aluminum extrusion materials(shapes, pipes, and bars) and processed aluminumproducts (vehicles, railways and distribution materials,
electrical equipment and machinery, construction
materials, temporary construction and industrial materials
and products)(5)

Year of establishment

2002

(6)

Capital

460 million yen(7)

Shareholder composition

Nikkeikin Kakoh Kaihatsu Holdings Company, Ltd. 100%(1)

Trade Name

Nikkei Heat Exchanger Company, Ltd.

(2)

RepresentativeHiroyoshi Suzuki, President and CEO(3)Head office address

Shizuoka City, Shizuoka Prefecture(4)

Main lines of business

Manufacture and sale of aluminum heat exchangers and heatexchanger systems(5)

Year of establishment

1987

(6)

Capital

450 million yen(7)

Shareholder composition

Nippon Light Metal Company, Ltd. 100％

4