Nakanishi (7716) Acquisition presentation summary

M&A structure

• Acquired 100% of Acra Cut (100 shares) and Intech (1,075 shares) through NSK America using borrowings and cash on hand.

• Board resolution and contract executed on March 5, 2026; share transfer planned for April 1, 2026.

• Post-merger integration led by Nakanishi and NSK America's Surgical Division.

Overview of Acra Cut and Intech

• Acra Cut, based in Acton, MA, develops and sells neurosurgical medical devices, notably cranial perforators; established in 1982 with 12 employees.

• Intech, also in Acton, MA, manufactures precision components used in Acra Cut products; established in 1966 with 21 employees.

Market environment and positioning

• Global cranial perforator market estimated at $120–150M, with 2–5% CAGR; U.S. is the largest market (40%).

• Acra Cut and Intech hold high market share in the U.S. and Japan, recognized for quality and strong brand.

• Limited presence in Europe and Asia due to aggressive low-price competitors.