Announcement regarding Merger of Nissho Electronics with Sojitz Systems
Sep. 1, 2017
Nissho Electronics Corporation
Sojitz Systems Corporation
Two of Sojitz Corporation’s consolidated subsidiaries, Nissho Electronics Corporation (“Nissho Electronics”) and Sojitz Systems Corporation (“SSC”), have resolved to merge in accordance with the outline below.
1. Purpose of the Merger
Respond to customers’ diverse needs by combining Nissho Electronics’ strength in ICT infrastructure software and construction with SSC’s core system development, construction, and administration ability. Additionally, raise Sojitz’s presence within the ICT industry and build a platform for sustainable growth through initiatives aimed at Japan’s growing “Competitive IT”* and “AI/IoT” fields.
* Competitive IT: Actively using IT to achieve business innovation and improve earnings and productivity, as a means of increasing medium- to long-term corporate value and strengthening competitiveness. (Source: Ministry of Economy, Trade, and Industry.
2. Outline of the Merger
（１）Effective as of :
January 1st, 2018
While the companies will maintain an egalitarian relationship following the merger, in terms of legal proceedings, the company will retain the name Nissho Electronics having absorbed SSC.
３. Overview of Parties to the Merger
|Trade Name||Nissho Electronics Corporation
|Sojitz Systems Corporation|
|Representative Director||Masakazu Okamura,
President & CEO
|Main Business||Provider of information communications equipment, IT infrastructure, and other cutting-edge solutions both in Japan and around the world, as well as a provider of services such as system design and construction, maintenance, operation, and monitoring.||Software development, information processing, communication network services, sales of software/hardware packages.|
|Fiscal Reporting Period||Ends March 31st||Ends March 31st|
|Capitalization||JPY 14,336,870,000||JPY 111,590,000|
|Sales（as of March 31st, 2017）||JPY 39,393,000,000
|Main Offices||Kansai Office, Chubu Office, Chugoku Office, Kyushu Office, Hokkaido Sales Office||Kasumigaseki Office, Osaka Office|
|Ownership||Sojitz - 96.55%
Sojitz Asia - 3.45%
|Sojitz - 100%|