Aisan Technology Co., Ltd. Notice Regarding Establishment of New Company Through Joint Investment

Aisan Technology Co., Ltd.
Notice Regarding the Establishment of a New Company Through Joint Investment – Toward the commercialization of automated driving –

Aisan Technology Co., Ltd. (Headquarters: Nagoya, Aichi; President: Jun Kato) announced today that Mitsubishi Corporation (Headquarters: Chiyoda-ku, Tokyo; President: Katsuya Nakanishi; hereafter referred to as “Mitsubishi Corporation”) Shoji Co., Ltd.), a new company called A -Drive Co., Ltd.” is to be established as follows.

1. Background and purpose of the establishment of the new company Since our founding in 1970, we have grown along with the technological development of systems related to “surveying”, and have been developing and selling dedicated software that improves the
operational efficiency of many customers involved in surveying and real estate registration. I was. Based on the technology honed in the surveying market, we started research and development in the field of autonomous driving in 2010, and have provided high-precision 3D map data in more than 500 projects that boast the highest level in Japan. In addition, we have conducted self-driving demonstration experiments in over 100 different fields and have continued to run without accidents.
Under such circumstances, our company and Mitsubishi Corporation have been exchanging information and collaborating in various self-driving demonstration tests. Both companies have decided to establish a new company that combines the experience cultivated in the sales business and the knowledge related to mobility service development. The new company will provide services such as 1. procurement support for equipment, systems, infrastructure facilities, etc. necessary for customers to use self-driving vehicles, and 2. consulting for operating self-driving vehicles (this will be We aim to contribute to society toward the commercialization of autonomous driving in 2025 by developing services that meet the various needs of autonomous driving. 2.Overview of the new company to be established
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3. Overview of Aisan Technology Co., Ltd.
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4.Outline of Mitsubishi Corporation
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5. Schedule
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6.Future outlook
The impact of this matter on our consolidated financial results for the fiscal year ending March 31, 2023 will be minor. In addition, we will incorporate the impact on future business results into our business forecasts for the next fiscal year and beyond.
that’s all

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