Notice of Joint venture establishment with SHIZUKI

NewsArticleTitle

05/10/2016

Murata Manufacturing Co., Ltd.
President/Statutory Representative Director:
Tsuneo Murata

Overview

Murata Manufacturing Co., Ltd. and SHIZUKI ELECTRIC CO.,INC. have established a joint venture company. The new company will strengthen and speed-up development to offer new value to market and customers.

Brief summary

Name Murata Shizuki FC Solutions Co., Ltd.
Address Ugo, Ogachi-gun, Akita, Japan
Title and name of representative Yoshihiro Yamada,
President and Representative Director
Details of business
Development, manufacture, and sale of film capacitors
Capital  100 million yen
Date of establishment 
October 3, 2016
Fiscal year-end March 31
Investment ratio in the joint venture

Murata: 65%
Shizuki: 35%

Reference

Notice of Conclusion of Capital and Business Alliance, Disposal of Shizuki Electric’s Treasury Stock via a Third-party Allocation of Shares, and Establishment of Joint Venture

Murata in Brief

Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world. For more information, visit Murata's website at www.murata.com