2026/02/03Yamato Completes Acquisition of 50% Equity Interest in Australia-based Salix

Yamato Kogyo Co., Ltd.  hereby announces that, in relation to the transaction to acquire a 50% equity interest in Salix Products Pty Ltd. (“Salix”), a turnout manufacturer headquartered in New South Wales, Australia, from Martinus Group Holdings Pty Ltd. (“Martinus”), closing of the transaction was completed on February 2, 2026.

This transaction was previously announced in Yamato’s press release dated December 17, 2025 entitled “Yamato to Invest in Australia-based Salix – Accelerating Global Expansion of its Trackwork Products Business.” Following the satisfaction of the conditions precedent set out in the share purchase agreement on December 17, the transaction proceeded to successful closing. As a result of the transaction, Salix will become an equity-method affiliate of Yamato.

In addition to its steelmaking business, Yamato operates a trackwork products business that includes turnouts. The investment marks a strategic step in expanding this business in the global railway market. Going forward, Yamato will work closely with Salix and its joint venture partner, Martinus, to accelerate the global expansion of its trackwork products business.