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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Seiko Epson Corporation    6724   JP3414750004

SEIKO EPSON CORPORATION

(6724)
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Seiko Epson : Epson Acquires Shinko Sellbic and its Compact Injection Molding Technology

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06/01/2018 | 02:03am EST

News Release

- TOKYO, Japan, June 1, 2018 -

Seiko Epson Corporation (TSE: 6724, 'Epson') has acquired all outstanding shares of Shinko Sellbic Co., Ltd., making it a wholly owned subsidiary.

Shinko Sellbic, which began as a plastic mold and die manufacturer, has grown to become primarily a manufacturer of desktop compact injection molding machines and their parts. Their high-performance injection molding machines feature an original flat design that makes them small and light while providing the superior injection control needed for high-quality precision parts. Shinko Sellbic also has a portfolio of other proprietary manufacturing technologies, including an ultra-compact hot runner system with a unique nozzle design that reduces costs, saves space, and realizes runnerless (waste-free) molding.

Epson's goal in the robotics field, as stated in the Epson 25 Corporate Vision, is to refine its core manufacturing technologies that combine efficient, compact, and precision technologies along with sensing and smart technologies. We are also looking to accelerate manufacturing process innovation and change the future of manufacturing by strengthening our manufacturing infrastructure through greater efficiency and advances on the factory floor and in production management. Original core technology like Shinko Sellbic's compact injection molding technology will play an important role in achieving this.
By making Shinko Sellbic a wholly owned subsidiary and by combining the technologies of both companies, Epson will accelerate the innovation of manufacturing processes.

Shinko Sellbic Co., Ltd. Acquisition

  1. Date of acquisition: June 1, 2018
  2. New management organization effective June 1, 2018
    • Business name: Shinko Sellbic Co., Ltd. (no change)
    • Chief officer: Mitsutoshi Kato, President
      • Director

        Motonori Okumura (Seiko Epson Corporation Managing Executive Officer and General Administrative Manager of the Corporate Research & Development Division)

      • Director

        Tetsuya Mizuno (Seiko Epson Corporation Corporate Planning Department General Manager)

      • Corporate Auditor

        Yoshihiro Mizoguchi (Seiko Epson Corporation Financial & General Accounting Department General Manager)

The acquisition of shares will have a negligible effect on Epson's financial results, etc.

Profile of Shinko Sellbic Co., Ltd.

Company name Shinko Sellbic Co., Ltd.
Address 3-14-5 Hatanodai, Shinagawa-ku, Tokyo
Representative Mitsutoshi Kato, President
Founded June 10, 1987
Capital ¥34,000,000
Operations Development, manufacture and sale of injection molding machines, molds, dies, and related parts
Revenue ¥158,000,000 (fiscal year ended August 2017)
Employees 7 (excluding board members)

About Epson
Epson is a global technology leader dedicated to connecting people, things and information with its original efficient, compact and precision technologies. With a lineup that ranges from inkjet printers and digital printing systems to 3LCD projectors, watches and industrial robots, the company is focused on driving innovations and exceeding customer expectations in inkjet, visual communications, wearables and robotics.
Led by the Japan-based Seiko Epson Corporation, the Epson Group comprises more than 76,000 employees in 87 companies around the world, and is proud of its contributions to the communities in which it operates and its ongoing efforts to reduce environmental impacts.
global.epson.com/

About Shinko Sellbic
Shinko Sellbic is an innovative company that leverages its original mold manufacturing technology to create new industry standards. The technology for the space-saving, high precision, runnerless (waste-free) and energy-saving compact injection molding machine created by Shinko Sellbic won a commendation for science and technology awarded by the Japanese Minister of Education, Culture, Sports, Science and Technology in fiscal year 2018.

Disclaimer

Seiko Epson Corporation published this content on 01 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 June 2018 06:02:05 UTC

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