Signing of a memorandum of understanding between NTN Corporation and NSK Ltd.

NTN Corporation publicly announced the signing of a Memorandum of Understanding with NSK Ltd. to establish a joint holding company and integrate the activities of both groups. Through this integration, NTN Corporation and NSK Ltd. aim to bring together the strengths of both companies to build a resilient and sustainable leader to further enhance business growth and value creation for us and our partners.