Notification of Acquisition assets in SiMICS Co., Ltd. (Creation of Subsidiary)
April 1, 2015
Nissha Printing Co.,Ltd.
Nissha Printing Co., Ltd. hereby serves notice that as of April 1, 2015, it has acquired assets in SiMICS Co., Ltd. and formed it into a subsidiary in order to strengthen its abilities in system development, software development, and other areas for the expansion of new products in Nissha’s Devices Business unit.
Overview of SiMICS
| Company name | SiMICS Co., Ltd. |
|---|---|
| Location | 3443-7 Chino, Chino-City, Nagano |
| Representative | Hisao Yoshikawa |
| Business Divisions | The development, design, production, and sale of system products, electronic devices, software, etc. combining energy harvesting and power-saving radio. |
| Capital | 103,400,000 yen |
| Date Established | July 2012 |
| Shareholder Composition | Nissha Printing Co., Ltd.: 79.8% |
Future Prospects
The effects on the consolidated performance of Nissha Printing from this incident are expected to be minor. Notifications will be made promptly should any necessity for revision of performance forecasts or matters that should be disclosed arise.
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