Agreements reached under this partnership
Establishment of a joint venture- 1
Manufacture and sale of optical films for display polarizers
- 2
Expand sales and establish market share for acrylic films used to protect polarizers in large displays and retardation films used for IPS viewing-angle compensation
- 3
Access to cutting-edge technologies and acceleration of joint development
- 4
Building a presence and credibility in the local business environment
- 5
Strengthening cost competitiveness through supply chain optimization
- 6
Diversification and stabilization of business risks
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
Establish market share (no numerical target for the timing of achievement provided)
This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
The impact on consolidated results for the fiscal year ending December 2026 is currently under review. Should any matters requiring disclosure arise, they will be disclosed promptly.
| Item | Details |
|---|---|
| Name of alliance partner | Beijing BOE Materials Technology Co., Ltd. |
| Alliance partner's business activities | Display business, IoT innovation business and other businesses |
| Alliance partner's location | Beijing, the People's Republic of China |
| Alliance partner's capital | 37,413,880,464 Chinese yuan (as of the end of 2025; approximately ¥836.5 billion) |
| Alliance partner's net sales | 198,380,605,661 Chinese yuan (fiscal year ended December 2024; approximately ¥4.4357 trillion) |
| Type of alliance | Establishment of a joint venture |
| Details of the alliance | Manufacture and sale of optical films for display polarizers, Expand sales and establish market share for acrylic films used to protect polarizers in large displays and retardation films used for IPS viewing-angle compensation, Access to cutting-edge technologies and acceleration of joint development, Building a presence and credibility in the local business environment, Strengthening cost competitiveness through supply chain optimization, Diversification and stabilization of business risks |
| Shareholding ratio | Not disclosed → BOE 66%, 大倉工業 34% |
| Overview of the joint venture | Name: To be determined; location: Hefei, Anhui Province, the People's Republic of China; business: manufacture and sale of optical films for polarizers used in displays; capital: 600 million Chinese yuan (approximately ¥13.4 billion); ownership ratio: BOE 66%, 大倉工業 34% |
| Ownership ratio | BOE 66%, 大倉工業 34% |
| Numerical targets under the alliance | Establish market share (no numerical target for the timing of achievement provided) |
| Contract Date | 24 March 2026 |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending December 2026 is currently under review. Should any matters requiring disclosure arise, they will be disclosed promptly. |
Items this document does not state (10)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To capture opportunities in the rapidly growing global display market and expand its information and electronics business. The objectives include expanding sales and establishing market share for acrylic films used to protect polarizers in large displays and retardation films used for IPS viewing-angle compensation, securing a customer base, gaining access to cutting-edge technologies and accelerating joint development, building a local presence and credibility, and optimizing the supply chain.