TOKYO, Mar 24 (Pulse News Wire) – Okura Industrial CO.,LTD. (4221.T) announced today that it has entered into a joint venture agreement with Beijing BOE Materials Technology Co., Ltd.
(BOE). The partnership aims to expand operations in the fast-growing display materials sector through the establishment of a joint venture company in China. Under the agreement, Okura Industrial and BOE will focus on manufacturing and selling optical films for polarizer protective acrylic sheets and IPS viewing angle compensation phase difference films for large displays. The joint venture's capital will amount to approximately ¥95.4 billion (¥600 million yuan).
Okura Industrial will hold a stake of 25%, while BOE will own 75%. The venture seeks to enhance global competitiveness, secure stable customer bases, accelerate technological advancements, and optimize supply chains. The joint venture is expected to contribute significantly to Okura Industrial’s long-term growth strategy outlined in its vision “Next10”. It also aims to diversify and stabilize business risks.
The company plans to continue monitoring the impact on its fiscal 2026 performance and will disclose further developments promptly.
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