Mar 31, 2010
into the group
In order to commence a business collaboration with Casio Computer Co., Ltd (hereafter Casio; President: Kazuo Kashio) in the small and medium-sized display business, on April 1, 2010 Toppan Printing Co., Ltd. (hereafter Toppan Printing; President & CEO: Naoki Adachi) will add Casio subsidiary Ortus Technology Co., Ltd. (hereafter Ortus Technology; President : Ichiro Ono) 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 takeover 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 (Company name: Ortus Technology Kochi Co., Ltd.). 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.
Overview of Ortus Technology
-Company name: Ortus Technology Co., Ltd.
-Head office: 1-5-1 Taito, Taito Ward, Tokyo
-Capital: 400 million yen
(Investment ratio: Toppan Printing 80%; Casio 20%)
-President : Ichiro Ono
-Registered: February 8, 2010
-Number of employees: Approximately 580 (consolidated)
*Ortus means rising, origin or beginning in Latin and has been selected as the company name to symbolize spreading one’s wings in the future with original technology.