Okura Industrial Co., Ltd.
Notice on Establishment of Joint Venture Company (Progress of Disclosure Items)
Okura Industrial has signed a joint venture agreement with Beijing BOE Materials Technology Co., Ltd., a subsidiary of the BOE Group, and will establish a joint venture company in Anhui Province, China, with capital of approximately 13.4 billion yen on March 31, 2026.
Key Figures
- Capital: 600 million RMB (approx. 13.4 billion yen)
- Equity Ratio: BOE 66%, Okura Industrial 34%
- Date of Joint Venture Establishment: 2026-03-31
AI要約
Overview of Joint Venture Establishment
Okura Industrial Co., Ltd. concluded a joint venture agreement with Beijing BOE Materials Technology Co., Ltd., a subsidiary of the BOE Group, on March 24, 2026, and established the joint venture company 'Hefei Jingkura New Materials Technology Co., Ltd.' in Hefei City, Anhui Province, China. The capital is 600 million RMB (approximately 13.4 billion yen), with BOE holding 66% and Okura Industrial holding 34%. The business involves manufacturing and sales of optical films for polarizers used in displays, and the fiscal year ends in December.
Future Outlook and Impact
Through the establishment of this joint venture, Okura Industrial aims to expand its optical film business in the Chinese market. Participating with a 34% equity interest, enhanced collaboration with the BOE Group is anticipated. The establishment procedures have been completed, and preparations for business commencement are underway. While specific impacts on performance are currently unknown, this is positioned as part of the medium-to-long-term growth strategy.
