Capital and Business Alliance with Mitsubishi Heavy Industries for Collaboration in Energy Transition and Social Infrastructure
First written in FY2023-Q2. 1 of 2 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2023-Q3.
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- FY2023-Q3AdvancedAnnual report
「On 25 November 2022, the company disposed of 2,002,100 treasury shares through a third-party allotment to Mitsubishi Heavy Industries,Ltd. and NITTO KOGYO CORPORATION.」
Following the signing of the capital and business alliance agreement with Mitsubishi Heavy Industries,Ltd., the disposal of 2,002,100 treasury shares through a third-party allotment was completed on 25 November 2022. The allocation to the alliance partners progressed from the planning stage to implementation. - FY2023-Q2First statedAnnual report
「Amid the accelerating decarbonization of society, we have identified responding to societal needs by leveraging the high-efficiency power conversion technologies we have developed as a materiality. To accelerate growth in this area, we believe it is necessary to work with a partner seeking to advance businesses that include this area, rather than proceeding alone. We therefore placed great expectations on collaboration with Mitsubishi Heavy Industries,Ltd. and concluded that working together as medium- to long-term partners would enhance the medium- to long-term corporate value of both companies and, consequently, shareholder value.」
On 8 November 2022, the company announced that it had entered into a capital and business alliance agreement with Mitsubishi Heavy Industries,Ltd. and planned to allocate 1,335,000 treasury shares through a third-party allotment, representing 8.93% of the total number of issued shares. The parties will pursue the exploration, joint development and commercialization of products using power semiconductors and power conversion technologies, as well as collaboration in new business areas. The payment date was 25 November 2022.