Okura Industrial Co., Ltd.
Notice Regarding Establishment of Joint Venture
Okura Industrial will establish a joint venture with the BOE Group in Hefei, Anhui Province, China, with capital of approximately 13.4 billion yen to expand its optical film business for displays.
Key Figures
- Joint Venture Capital: 600 million RMB (approx. 13.4 billion yen)
- Investment Ratio: BOE 66%, Okura Industrial 34%
- BOE Group Consolidated Net Sales (Fiscal Year Ending December 2024): 198,380,605,661 RMB (approx. 4,435.7 billion yen)
AI要約
Overview of Joint Venture Establishment
Okura Industrial Co., Ltd. has decided to enter into a joint venture agreement with Beijing BOE Materials Technology Co., Ltd., a subsidiary of the BOE Group, to establish a joint venture in Hefei City, Anhui Province, China, for the purpose of manufacturing and selling optical films for polarized plates used in displays. The capital is 600 million RMB (approximately 13.4 billion yen), with the investment ratio being 66% for BOE and 34% for Okura Industrial. The joint venture aims to expand sales of acrylic films for protecting polarized plates in large displays and phase difference films for IPS viewing angle compensation, contributing to establishing a global competitive advantage.
Future Outlook and Strategic Significance
This joint venture is expected to contribute to the company’s medium-to-long-term corporate value enhancement, stabilizing the customer base of existing businesses, strengthening access to advanced technologies, building reliability in local business environments, enhancing cost competitiveness through supply chain optimization, and diversifying and stabilizing business risks. The impact on consolidated earnings for the fiscal year ending December 2026 is currently under review and will be promptly disclosed if necessary.
