Corporate Events

Ice Make Refrigeration Limited has entered into a Share Subscription Agreement with Japan's new investor Galilei Holdings pursuant to issuance of up to 23,67,573 equity shares at INR 802.51 per share for gross proceeds of INR 1,900,001,008.23 on August 6, 2026. The transaction has been issued on preferential issue basis. The transaction has been approved by board of directors and is subject to the approval from shareholders, Regulatory approvals from NSE and other statutory bodies for the private placement.

Galilei Holdings Co. Ltd. announced that at a meeting of the Board of Directors held on July 24, 2026, a resolution was passed to establish a joint venture with Ice Make Refrigeration Ltd. through joint investment. Since establishing an overseas subsidiary in Hong Kong in 1997, Galilei Holdings Co. Ltd. has supported the overseas expansion of Japanese companies and sold products to local customers at 14 locations across 11 countries, primarily in Southeast Asia. In 2024, Galilei Holdings Co. Ltd. formulated its mid-term vision through 2030, 'GALILEI Global Vision 2030,' and aims to achieve overseas sales of JPY 20,000 million and an operating profit margin of 10.0% by fiscal year 2030. Galilei Holdings Co. Ltd. will establish a joint venture in the Indian market to build a local production and sales infrastructure. Galilei Holdings Co. Ltd. will provide the same level of food safety and peace of mind as in Japan, and aims to gain market share and increase brand penetration in the Indian market. The name of the joint venture is Fukushima Galilei Ice Make Private Limited (tentative). The location is Gujarat State, Republic of India. The business activities are manufacture and sale of commercial refrigerators and freezers. The capital is INR 882 million (approximately JPY 1,500 million). The date of establishment is September 2026 (planned). The fiscal year-end is March. The net assets are INR 882 million (approximately JPY 1,500 million). The total assets are INR 882 million (approximately JPY 1,500 million). The ownership ratio is Galilei Holdings Co. Ltd.: 60%, Ice Make Refrigeration Ltd.: 40%. The joint venture is expected to become a consolidated subsidiary of Galilei Holdings Co. Ltd. The Board of Directors resolution was on July 24, 2026. The date of execution of the joint venture agreement was July 24, 2026. The date of establishment of the joint venture is September 2026 (planned). The start of operations is September 2026 (planned). Galilei Holdings Co. Ltd. expects the impact of this matter on its consolidated financial results to be minimal; however, it believes it will contribute to the improvement of its financial performance and corporate value over the medium to long term.

Galilei Holdings Co.Ltd., Board Meeting, Jul 24, 2026. Agenda: To consider and approve the Disposal of Treasury Shares for Restricted Shares Compensation; and to consider and approve the Establishment of a Joint Venture.

Galilei Co. Ltd. announced that they will report Q1, 2027 results on Aug 06, 2026

Galilei Co. Ltd. proposed dividend of JPY 82.00 per share for the fiscal year ending March 31, 2026 compared to JPY 74.00 per share paid a year ago. Scheduled date of annual general meeting of shareholders: June 26, 2026. Scheduled date to commence dividend payments: June 29, 2026. The company provided dividend guidance for the fiscal year ending March 31, 2027. For the year-end, the company expects to pay dividend of JPY 89.00 per share compared to JPY 82.00 per share.

Galilei Co. Ltd. provided consolidated earnings guidance for the six months ending September 30, 2026 and fiscal year ending March 31, 2027. For the six months, the company expects net sales to be JPY 70,359 million, Operating profit to be JPY 8,027 million, Profit attributable to owners of parent to be JPY 5,793 million, Basic earnings per share to be JPY 144.51. For the full year, the company expects net sales to be JPY 144,923 million, Operating profit to be JPY 17,154 million, Profit attributable to owners of parent to be JPY 12,370 million and Basic earnings per share to be JPY 308.56.

Galilei Co. Ltd. reported earnings results for the full year ended March 31, 2026. For the full year, the company reported sales was JPY 138,616 million. Net income was JPY 12,294 million. Basic earnings per share from continuing operations was JPY 306.74.

GALILEI CO. LTD. announced that a resolution to change its company name was passed at a meeting of its board of directors held on April 27, 2026, provided that a resolution to partially amend its articles of incorporation is passed at the 75th annual general meeting scheduled to be held on June 26, 2026. New company name: GALILEI HOLDINGS CO. LTD. Reason for the change: The Company adopted a holding company structure in April 1, 2025. The Company has since worked even more closely with its group companies to optimize the overall business portfolio of the GALILEI Group and improve its business management efficiency. Expected date of change: July 1, 2026.

Galilei Co. Ltd., Annual General Meeting, Jun 26, 2026.

Galilei Co. Ltd., Board Meeting, May 01, 2026. Agenda: To Notice Concerning Change of Directors; and to Notice Concerning Distribution of Dividends from Surplus (Dividend Increase).

Galilei Co. Ltd., Board Meeting, Apr 27, 2026. Agenda: To consider change of company name; to consider partial amendments to articles of incorporation; and to consider other business issues.

Galilei Co. Ltd. announced that they will report fiscal year 2026 results on May 01, 2026

Galilei Co. Ltd. reported earnings results for the nine months ended December 31, 2025. For the nine months, the company reported sales was JPY 101,622 million compared to JPY 94,889 million a year ago. Net income was JPY 8,893 million compared to JPY 8,661 million a year ago. Basic earnings per share from continuing operations was JPY 221.91 compared to JPY 216.25 a year ago.

Galilei Co. Ltd. expected to report Fiscal Year 2026 results on May 7, 2026. This event was calculated by S&P Global (Created on February 4, 2026).

Galilei Co. Ltd. announced that they will report Q3, 2026 results on Feb 04, 2026

Galilei Co. Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2026. For the full year, the company expects net sales to be JPY 137,734 million. Operating profit to be JPY 16,923 million. Profit attributable to owners of parent to be JPY 12,189 million. Basic earnings per share to be JPY 304.03.

Galilei Co. Ltd., ¥ 81.0, Cash Dividend, Mar-30-2026

Galilei Co. Ltd. expected to report Q3 2026 results on February 12, 2026. This event was calculated by S&P Global (Created on November 13, 2025).