Dave Savastano03.31.10
In order to commence a business collaboration with Casio Computer Co., Ltd. in the small and medium-sized display business, on April 1, 2010, Toppan Printing Co., Ltd. will add Casio subsidiary Ortus Technology Co., Ltd. to its group of companies.
As announced in November last year, Toppan Printing and Casio have agreed to a collaboration related to small and medium-sized display business (organic EL and TFT liquid crystal).
On April 1 2010, through absorption and spin-off, Ortus Technology will take over Casio’s small and medium-sized TFT liquid crystal display business and the equipment and personnel for its organic EL development. At the same time, Ortus Technology will also inherit 100% of the shares of Kochi Casio Co., Ltd., a wholly-owned subsidiary of Casio, and the company will become a wholly-owned subsidiary of Ortus Technology. Following this, on the same day Toppan Printing will acquire 80% of the shares of Ortus Technology from Casio. Ortus Technology will then make a fresh start as a central company in the Toppan Group’s small and medium-sized display business.
At the same time as taking over operations of the small and medium-sized TFT liquid crystal displays that Casio currently manufactures and sells, Ortus Technology will aim for prompt expansion to mass production for high quality, low cost versions of organic EL displays that have been jointly developed by Toppan Printing and Casio, and sales will be launched focusing on existing customers. The company will also aim to improve production efficiency and exploit synergistic effects in targeting sales of around 40 billion yen in fiscal 2012
As announced in November last year, Toppan Printing and Casio have agreed to a collaboration related to small and medium-sized display business (organic EL and TFT liquid crystal).
On April 1 2010, through absorption and spin-off, Ortus Technology will take over Casio’s small and medium-sized TFT liquid crystal display business and the equipment and personnel for its organic EL development. At the same time, Ortus Technology will also inherit 100% of the shares of Kochi Casio Co., Ltd., a wholly-owned subsidiary of Casio, and the company will become a wholly-owned subsidiary of Ortus Technology. Following this, on the same day Toppan Printing will acquire 80% of the shares of Ortus Technology from Casio. Ortus Technology will then make a fresh start as a central company in the Toppan Group’s small and medium-sized display business.
At the same time as taking over operations of the small and medium-sized TFT liquid crystal displays that Casio currently manufactures and sells, Ortus Technology will aim for prompt expansion to mass production for high quality, low cost versions of organic EL displays that have been jointly developed by Toppan Printing and Casio, and sales will be launched focusing on existing customers. The company will also aim to improve production efficiency and exploit synergistic effects in targeting sales of around 40 billion yen in fiscal 2012