Kyoto/Neuss, Japan/Germany - September 14, 2015 – Kyocera Corporation has announced the completion of its tender offer, which commenced July 31, 2015 and concluded Aug. 28, 2015, to acquire a majority interest in Nihon Inter Electronics Corporation. As of the settlement date of September 4, 2015, Kyocera will commence acquiring a 69.33% equity interest in Nihon Inter Electronics Corporation, consisting of 40,112,700 common shares, as well as 21,461,524 shares converted from 9,121,148 shares of Class A Preferred Stock, totaling 61,574,224 shares.
Nihon Inter Electronics Corporation, listed in the second section of the Tokyo Stock Exchange, is a power-semiconductor manufacturer specializing in high-power industrial diodes and diode modules. Kyocera will consolidate Nihon Inter Electronics Corporation as of September 4, 2015 in order to expand its businesses in power electronics — particularly for industrial equipment, such as DC-to-AC power inverters, and automotive electronics.
Kyocera and Nihon Inter Electronics Corporation will enjoy R&D synergies by combining Kyocera’s ceramic device packages and epoxy molding compounds for semiconductors with the device technology of Nihon Inter Electronics Corporation. The two enterprises will also enjoy significant sales and marketing synergies as Nihon Inter Electronics Corporation will be able to sell its products through Kyocera’s global sales channels.
About Kyocera
Headquartered in Kyoto, Japan, Kyocera Corporation is one of the world's leading manufacturers of fine ceramic components for the technology industry. The strategically important divisions in the Kyocera Group, which is comprised of 226 subsidiaries (as of March 31, 2015), are information and communications technologies, products which increase quality of life, and environmentally friendly products. The technology group is also one of the largest producers of solar energy systems worldwide, with more than 6 gigawatts of solar power having been installed around the world to date.
The company is ranked #552 on Forbes magazine’s 2015 “Global 2000” listing of the world’s largest publicly traded companies.
With a global workforce of over 68,000 employees, Kyocera posted net sales of approximately €11.74 billion in fiscal year 2014/2015. The products marketed by the company in Europe include printers, digital copying systems, microelectronic components, fine ceramic products and complete solar power systems. The Kyocera Group has two independent companies in the Federal Republic of Germany: Kyocera Fineceramics GmbH in Neuss and Esslingen and Kyocera Document Solutions in Meerbusch.
The company also takes an active interest in cultural affairs. The Kyoto Prize, a prominent international award, is presented each year by the Inamori Foundation — established by Kyocera founder Dr. Kazuo Inamori — to individuals and groups worldwide who have contributed significantly to the scientific, cultural, and spiritual betterment of humankind (converted at present €385,000 per prize category).