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| September 2, 2004
Seiko Epson Corporation/SANYO Electronic Device Company |
| Sanyo Epson Imaging Devices to Begin Operations on October 1 |
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Seiko Epson Corporation ("Epson") and SANYO Electric Co., Ltd. ("SANYO") today announced that Sanyo Epson Imaging Devices Corp., a new company formed by merging the parent companies' respective liquid crystal display businesses, will begin operations on October 1, 2004, pursuant to a basic agreement reached on March 24, 2004. Epson will hold 55% of the joint venture, and SANYO 45%.
Sanyo Epson Imaging Devices will combine various liquid crystal businesses owned by Epson, SANYO, Tottori SANYO Electric Co., Ltd. ("Tottori SANYO"), and SANYO LCD Engineering Co., Ltd. ("SANYO LCD Engineering"). The new entity will aim to become a leading manufacturer of small and medium-sized liquid crystal displays for mobile phones, digital cameras, and automotive applications.
Please see the attachment for an overview of the new company.
Overview of Sanyo Epson Imaging Devices Corporation
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Company Name
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Sanyo Epson Imaging Devices Corporation |
| Date of establishment |
October 1, 2004
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| Head offices
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| Tokyo Head Office (main):
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World Trade Center Building, 15F, 2-4-1 Hamamatsu-cho, Minato-ku,
Tokyo |
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Matsumoto Head Office
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6925
Tazawa, Toyoshina-machi, Minami-Azumino-gun, Nagano
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Company officers
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| President and
Director |
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Teruo Tabata |
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Vice-President and Director
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Shuji Aruga
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Managing Director
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Takuya Kobayashi
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Managing Director
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Yuzo Ichinose
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| Managing
Director
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Motoharu Komatsu
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| Director
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: |
Hidehiko Seki |
| Director
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Kazuhiro Yoshida
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| Statutory
auditor
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Kimio Takemori |
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Statutory auditor (part-time)
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Kanji Kusabuka
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Statutory auditor (part-time)
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Takahiro Ogawa |
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| Paid-in capital
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15 billion yen |
| Proportion of holdings
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Seiko Epson Corp. 55%, SANYO Electric Co., Ltd. 45% |
| Estimated sales revenue
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Second-half revenues for the fiscal year ending March 31, 2005, are expected to be approx. 200,000 million yen |
| No. of employees
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Approx. 2,500 |
| Business lines
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Development, production and sales of STN
LCDs, MD-TFD LCDs, amorphous TFT LCDs and LTPS TFTs |
| Plants and sales offices
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| Fujimi
Plant |
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281
Fujimi, Fujimi-machi, Suwa-gun,
Nagano |
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Gifu Plant |
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180
Ohmori, Anpachi-cho, Anpachi-gun, Gifu |
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Tottori Plant |
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3-101
Minami-Yoshikata, Tottori-Shi,
Tottori |
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Osaka Sales Office |
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Epson Osaka Building, 3-5-1
Bakuro-machi, Chuo-ku, Osaka |
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