クラスターテクノロジー announced a capital and business alliance with Seiko Epson Corporation on 9 October. Epson will subscribe for a large number of new shares and become the company’s largest shareholder, while the market was flooded with buying orders after the announcement, resulting in a series of initial buying surges immediately after trading halts.
クラスターテクノロジー (4240), listed on the Tokyo Stock Exchange Standard Market, announced a capital and business alliance with Seiko Epson Corporation on 9 October. Seiko Epson will subscribe for 996,677 newly issued shares at ¥301 per share, investing approximately ¥300 million in total. As a result, Seiko Epson will become a shareholder with 14.91% of the voting rights, with the parties aiming to pursue joint development and establish a stable supply framework.
The market reaction was swift. On the 13th, following an extended holiday period, buy orders flooded in, and no trades were executed through the stop-high allocation mechanism. Trading began on the 14th with the stock indicated at its daily price limit. The article reports that this illustrates a trend in which major companies use capital alliances to bring small companies possessing key technologies for their products into their fold.