Capital and Business Alliance with NIPPO LTD.
First written in FY2023-Q3. 1 of 2 entries say "Advanced", first in FY2023. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023AdvancedAnnual report
「① Providing optimal products to the respective customers of both companies through synergies between the company's contract manufacturing capabilities for functional materials and NIPPO LTD.'s prototyping and development capabilities for high-performance epoxy adhesives. ② Joint development of water purification units by combining the company's water purification technology with NIPPO LTD.'s design and analysis technology related to manufacturing and its assembly and mass-production technology for housings and other components, in the field of water treatment associated with the use of hydrogen for power generation, heat and fuel, and manufacturing processes, where demand is expected to grow amid the shift toward decarbonisation, together with assembly and sales of the units by NIPPO LTD.」
The capital and business alliance with NIPPO LTD. specifies cooperation in the functional materials and adhesives fields, as well as the joint development and sale of water purification units for hydrogen-related applications. The capital alliance provides for the reciprocal acquisition of shares up to a maximum of ¥100 million, with an acquisition period ending 31 March 2025. - FY2023-Q3First statedAnnual report
「At a Board of Directors meeting held on 19 January 2023, the company resolved to enter into a capital and business alliance with NIPPO LTD. and executed a capital and business alliance agreement on the same date.」
The company first disclosed that the Board of Directors had resolved on 19 January 2023 to enter into a capital and business alliance with NIPPO LTD. and that an agreement had been executed on the same date.