Toshiba Tec Corporation announced that it was transferring the inkjet head business to RISO KAGAKU CORPORATION via a company cplit (Simplified Absorption-Type Company Split).
Toshiba Tec Corporation announced that, at the Board of Directors meeting held on 22 December, the Company resolved to conclude an agreement (the “Definitive Agreement”) with RISO KAGAKU CORPORATION (RISO KAGAKU) to transfer the inkjet head businesses (the “Target Business”) of the Company and Tec Precision Co., Ltd. (TPI), a wholly-owned subsidiary of Toshiba Tec, from the Company and TPI to a subsidiary to be newly established by RISO KAGAKU, through the method of a company split (a simplified absorption-type company split for the Company)
Through the Absorption-Type Company Split under the basic policy of the Mid-Term Business Plan (FY2023-FY2025) it is planned that the new business will become a global top solutions partner by generating new value through co-creation with the aim of contributing to the resolution of social issues.
The Toshiba Tec Group (the Group) is focusing its efforts on implementing various measures to achieve sustainable growth while also considering the composition of its business portfolio with an eye toward future growth, implementing business transformation and corporate transformation, and striving to contribute to solving social issues.
The new business is a business that demonstrates the advanced manufacturing capabilities of the Group based on its technology and has been a major contributor to the Group’s growth, Toshiba added. However, while Toshiba Tec is considering optimising management resources through the selection and concentration of its businesses to be a global top solutions partner, the company has judged that it requires a strong partner to expand the scope of its solutions to accelerate the business transformation of the Target Business and deliver new value.
