In parking systems business, where mechanical car parking systems are our main product, elevator type car parking system is one of our main products and boasts the top market share in Japan, but in recent years we have also been focusing on global expansion.

As part of this effort, we welcome a Taiwanese mechanical car parking systems manufacturer with many years of experience in underground parking facilities (hereinafter "underground-type systems") to the ShinMaywa group.

The newest addition to our group is TOP QUALITY MACHINERY CO., LTD

We established Taiwan ShinMaywa Industries Industry Co., Ltd. (hereinafter "Taiwan ShinMaywa) in September 2010, and has previously focused on the manufacture, sale, and maintenance of elevator type car parking system. However, when the company acquired 60% of TOP QUALITY MACHINERY's shares at the end of 2024, underground types were newly added to Taiwan ShinMaywa 's lineup from January 2025.

The underground-type system is the mainstream model in Southeast Asia, including the Taiwanese market, and accounts for 20% of TOP QUALITY MACHINERY's Taiwanese market share.

In addition to Taiwan ShinMaywa, through cooperation and collaboration with TOP QUALITY MACHINERY, we will contribute to the advancement of urban infrastructure in Taiwan through our products and aim to expand parking systems business in the Southeast Asian market!

For more information, please see the following news release.

• January 9, 2025 "Taiwan ShinMaywa Industries Co., Ltd. enters the underground parking facility business in Taiwan."

ShinMaywa’s products and services continue to support social infrastructure throughout society today.