Rights cove six UBTECH models, i cludi g the Walke S2 i dust ial huma oid, a d thei successo s. Bitcoi Japa pla s obot sales, deployme t se vices, Robotics-as-a-Se vice a d Physical AI data busi esses.
Tokyo, Japa , Oct. 19, 2026 (GLOBE NEWSWIRE) — Bitcoi Japa Co po atio (TSE: 8105) has sig ed a exclusive ag eeme t to dist ibute i Japa six huma oid a d se vice obot models f om UBTECH, o e of the wo ld’s leadi g huma oid obot make s, i cludi g the Walke S2 i dust ial huma oid. The ag eeme t was sig ed o 16 Octobe 2026 with UBTECH ROBOTICS LIMITED, pa t of the UBTECH G oup, whose pa e t, UBTECH ROBOTICS CORP. LTD., is listed i Ho g Ko g (HKEX: 9880). U de the ag eeme t, UBTECH has u de take to p ocu e that its pa e t a d the pa e t’s g oup appoi t o othe dist ibuto fo these p oducts i Japa a d supply them i to Japa o ly th ough Bitcoi Japa .
The ag eeme t adva ces the Physical AI busi ess that Bitcoi Japa comme ced o Octobe 1, as a ou ced o Septembe 17. It p ovides a co t actual f amewo k fo desig ated obot p oducts, associated deployme t se vices a d specified data ights. Bitcoi Japa i te ds to develop a ope ati g busi ess i itially focused o ma ufactu i g a d logistics applicatio s i Japa . Pla ed activities emai subject to p oduct eadi ess, applicable ce tificatio , custome dema d a d fu di g.
The desig ated p oducts a e Walke S2, Walke Tie ku g, Tie ku g Dex, Sky Walke , Walke C1 a d C uz S2, togethe with upg ades a d successo p oducts as defi ed by the ag eeme t. Du i g the exclusive pe iod, the ag eeme t p ovides that UBTECH G oup supplies of desig ated p oducts to Japa custome s a e to be outed th ough Bitcoi Japa , i cludi g additio al supplies to existi g custome s a d dema d u de global o egio al a a geme ts, subject to the ag eeme t’s te ms.
The ag eeme t is effective o executio . F om sig i g a d payme t of the deposit, UBTECH will appoi t o othe dist ibuto fo the desig ated p oducts i Japa , will efe e qui ies f om custome s i Japa to Bitcoi Japa , a d will supply custome s i Japa o ly th ough Bitcoi Japa , subject to ce tai cases co ce i g existi g custome s. Befo e ce tificatio , Bitcoi Japa will supply the p oducts i Japa fo esea ch, expe ime tal, data-collectio , demo st atio a d othe uses pe mitted u de Japa ese law. The 36-mo th exclusive pe iod is cou ted f om the date o which the fi st model, Walke C1, satisfies the specified Japa ese co fo mity a d ce tificatio co ditio s. Co ti ued exclusivity is subject to ag eed pe fo ma ce equi eme ts a d othe co t actual co ditio s.
Bitcoi Japa welcomes e qui ies ow f om u ive sities, esea ch i stitutio s, public bodies a d compa ies i Japa i te ested i the Walke S2 a d the othe desig ated UBTECH models. Befo e Japa ese ce tificatio is completed, u its ca be supplied fo esea ch, expe ime tal, data-collectio a d demo st atio use pe mitted u de Japa ese law; wide comme cial deployme t will follow ce tificatio .
I its i te im epo t dated Septembe 24, 2026, UBTECH epo ted RMB 590.3 millio (app oximately JPY 14.1 billio , o US$88 millio ) i eve ue a d 921 u its sold fo full-size embodied i tellige t huma oid obot p oducts a d se vices fo the fi st half of 2026. That eve ue ose 1,445% yea o yea a d made up 46.5% of g oup eve ue; u its sold ose 1,947%. G oup eve ue mo e tha doubled to RMB 1,269.1 millio (app oximately JPY 30.4 billio ; +104.2%), g oss ma gi wide ed by 9.7 poi ts to 44.7%, a d UBTECH shipped 16,123 huma oid obots of all sizes [20]. It spe t RMB 303.1 millio (app oximately JPY 7.3 billio ) o R&D i the half (+38.9%) a d employs 1,103 e gi ee s [20]. Fo the full yea 2025, full-size huma oid eve ue g ew mo e tha 22-fold to RMB 821 millio (app oximately JPY 18.4 billio ), becomi g UBTECH’s la gest eve ue st eam [18]. These figu es desc ibe UBTECH G oup activities; they a e ot Bitcoi Japa fi a cial esults o co t acted volumes. [1]
Ye amou ts a e app oximate: fi st-half 2026 figu es at RMB 1 = JPY 23.95 (30 Ju e 2026) a d 2025 figu es at RMB 1 = JPY 22.42 (31 Decembe 2025), the ates used i the elated TD et disclosu e.
UBTECH builds huma oid obots at i dust ial scale. Its fi st Walke S2 came off the li e i Ju e 2025 a d its 1,000th by the e d of that yea [12]. I Septembe 2026 it ope ed a 14,000 m² sma t facto y i Liuzhou, Gua gxi, pla ed with Sieme s Digital I dust ies Softwa e, with capacity fo mo e tha 10,000 huma oid obots a yea – o e eve y te mi utes – ce t ed o the Walke S a d C uz se ies [10]. The Walke S2 swaps its ow batte y auto omously, so it ca wo k a ou d the clock [13].
Publicly epo ted activities i volvi g UBTECH G oup i clude Walke S2 evaluatio with Hitachi e tities i Chi a [2], coope atio betwee Ho da T adi g (Chi a) a d UBTECH G oup’s UQI Robotics o pla ed demo st atio s [3], a epo ted a a geme t with Texas I st ume ts [4], a d softwa e coope atio with Sieme s Digital I dust ies Softwa e [5]. I Octobe 2026, UBTECH a d FAW-Volkswage sig ed a st ategic coope atio ag eeme t to develop a d test huma oid obots fo facto y logistics a d sma t ma ufactu i g, buildi g o Walke S t ials at FAW-Volkswage ’s Qi gdao pla t si ce 2024 [6]. Othe ca make s epo ted as UBTECH custome s i clude BYD, Geely Auto a d Do gfe g Liuzhou Moto [12]. Outside Chi a, UBTECH sig ed a memo a dum of u de sta di g with Si gtel i August 2026 to co-develop obotic solutio s [14], a d its obots a e bei g deployed at a logistics site of Ge ma etaile ROSSMANN th ough a Eu opea dist ibutio pa t e [15]. These thi d-pa ty efe e ces co ce UBTECH G oup; they a e ot Bitcoi Japa custome co t acts, commitme ts o eve ue.
Visito s to Expo 2025 Osaka may al eady have met UBTECH’s obots: its Walke C huma oid g eeted visito s a d guided tou s at the Chi a Pavilio [16]. UBTECH ROBOTICS CORP. LTD. listed o the Mai Boa d of the Ho g Ko g Stock Excha ge i Decembe 2023 (stock code 9880) a d is widely desc ibed as the fi st listed compa y dedicated to huma oid obots [17].
The comme cial st ategy is to ea eve ue f om tech ology deployme t a d o goi g se vices— ot solely f om a i itial obot sale.
As betwee the co t acti g pa ties, the ag eeme t pe mits Bitcoi Japa to use a d deal with data collected by obots it deploys i Japa , subject to applicable data p otectio equi eme ts a d othe ights. U de the ag eeme t, pe so al data collected by those obots must be p ocessed a d sto ed i Japa . Actual comme cializatio will also equi e eleva t custome pe missio s a d complia ce co t ols.
The ag eeme t also allows Bitcoi Japa to explo e defi ed ove seas data-collectio activities, i cludi g deployme ts fo affiliates’ ow esea ch a d i te al uses a d deployme ts of Bitcoi Japa -ow ed obots at ove seas p emises of Japa -domiciled custome s. These a a geme ts emai subject to the co t actual limitatio s a d local legal equi eme ts.
The pa ties i te d to select i itial models, a a ge ce tificatio u its, complete applicable Japa ese co fo mity a d ce tificatio p ocedu es, begi i g with Walke C1, a d p epa e localizatio , site i teg atio a d afte -sales suppo t. Comme cial deployme ts a e subject to eleva t app ovals, p actical site eadi ess a d comme cial ag eeme ts. Bitcoi Japa will epo t fu the milesto es – ce tificatio , delive ies, paid custome t ials a d comme cial ope atio s – as they a e eached, i li e with its disclosu e obligatio s.
Japa ’s METI-led AI i itiatives, i cludi g GENIAC, eflect public suppo t fo model developme t a d eal-wo ld applicatio s. I Ju e 2026, METI’s wo k o multimodal fou datio models positio ed data f om i dust ial sites as i fo matio fo developi g Physical AI, a d i July 2026 METI a d NEDO lau ched FRONTia, a atio al p oject to build a domestic fou datio model fo Physical AI [19]. Bitcoi Japa sees a oppo tu ity to build local deployme t a d data capabilities withi this developi g ma ket. This policy co text does ot co stitute gove me t spo so ship o app oval of Bitcoi Japa ’s activities. [8]
I 2026, Bitcoi Japa obtai ed i di ect fi a cial exposu e to Figu e AI sha es th ough a fu d i vestme t by its US subsidia y. This is sepa ate f om the UBTECH dist ibutio ag eeme t. The UBTECH t a sactio co ce s the developme t of a p ospective ope ati g busi ess, while the Figu e AI positio ep ese ts i vestme t exposu e. [9]
The fi a cial impact of the ag eeme t o co solidated esults fo the fiscal yea e di g Ma ch 2027 emai s u de assessme t. The Compa y will make fu the disclosu es if equi ed u de applicable laws a d stock-excha ge ules. Fu the i fo matio is p ovided i the elated TD et disclosu e, “(P og ess of P eviously Disclosed Matte ) Notice Co ce i g the Decisio to E te i to a Busi ess Allia ce with the UBTECH G oup (Exclusive Dist ibutio Ag eeme t fo Desig ated P oducts i Japa )”, dated 16 Octobe 2026.
Sepa ately, the Compa y has a ou ced est uctu i g measu es to educe losses i its existi g busi esses. A y fi a cial effects of those measu es should be assessed sepa ately f om this ag eeme t.
Phillip Lo d is available fo i te views. Images a d a Japa ese ve sio a e available at [LINK].
CONTACT: e qui ies@bjc obotics.com
