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Business Alliance6724SEIKO EPSON CORPORATIONElectrical Equipment and Precision Instruments

Notice of Capital and Business Alliance between SEIKO EPSON CORPORATION (Securities Code: 6724) and CLUSTER TECHNOLOGY CO.,LTD. (Securities Code: 4240)

CLUSTER TECHNOLOGY CO.,LTD. will conduct a third-party allotment of new shares, and SEIKO EPSON CORPORATION has entered into a capital and business alliance agreement under which it will invest ¥300 million. The two companies will work on the joint development of inkjet-related components and next-generation materials, as well as strengthening a stable supply system.

Worth reading
64In focus
Scored from 4 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
300000000
¥
Wording
Conditional
How definitive the wording is.

Agreements reached under this partnership

Capital and Business Alliance
6724SEIKO EPSON CORPORATION
Alliance partnerCLUSTER TECHNOLOGY CO.,LTD.
Details of the alliance
  1. 1

    We will combine クラスターテクノロジー’s resin composite materials and molding and processing technologies with Epson’s inkjet technology and development capabilities to develop high-performance components, including components for inkjet print heads, and next-generation materials.

  2. 2

    They will also use their respective manufacturing technologies and expertise to improve productivity and quality and strengthen a stable supply system.

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Capital and personnel relationships

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).

Acquisition price¥300 million
Shareholding PolicyStrengthen the medium- to long-term cooperative relationship
Change in major shareholdersNot disclosed → Change in major shareholder and largest shareholder among the major shareholders (expected)
About the partner
Business DescriptionThe company uses precision molding and customized material technologies in its nano/micro-technology-related business to produce resin-based precision components, and engages in businesses related to resin insulating materials for the heavy electrical equipment industry, electrical insulation structures for power distribution, resin-molded insulators and other products in its macro-technology-related business.
Contract Date9 October 2026
Agreements reached under this partnership
ItemDetails
Name of alliance partnerCLUSTER TECHNOLOGY CO.,LTD.
Alliance partner's business activitiesThe company uses precision molding and customized material technologies in its nano/micro-technology-related business to produce resin-based precision components, and engages in businesses related to resin insulating materials for the heavy electrical equipment industry, electrical insulation structures for power distribution, resin-molded insulators and other products in its macro-technology-related business.
Type of allianceCapital and Business Alliance
Details of the allianceWe will combine クラスターテクノロジー’s resin composite materials and molding and processing technologies with Epson’s inkjet technology and development capabilities to develop high-performance components, including components for inkjet print heads, and next-generation materials., They will also use their respective manufacturing technologies and expertise to improve productivity and quality and strengthen a stable supply system.
Acquisition price¥300 million
Shareholding PolicyStrengthen the medium- to long-term cooperative relationship
Contract Date9 October 2026
Change in major shareholdersNot disclosed → Change in major shareholder and largest shareholder among the major shareholders (expected)
Items this document does not state (15)
Alliance partner's locationAlliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceDate of board resolutionAlliance start dateShare Acquisition Date and Payment DateImpact on Business Performance

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.

The companies aim to combine CLUSTER TECHNOLOGY CO.,LTD.'s resin composite material and molding technologies with SEIKO EPSON CORPORATION's inkjet technology and development capabilities to advance inkjet technology, expand it into new applications, and establish a stable supply system capable of meeting SEIKO EPSON CORPORATION's growing demand.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice of Capital and Business Alliance between SEIKO EPSON CORPORATION (Securities Code: 6724) and CLUSTER TECHNOLOGY CO.,LTD. (Securities Code: 4240) | SEIKO EPSON CORPORATION (6724) timely disclosure | Komori