Japan Digest: Toyota Boshoku, Autoneum, Nitoku ink JV; Kyocera to buy RYOBI’s power tool biz

From left are Toyota Boshoku President Ishii, Autoneum CEO Hirzel, Nihon Tokushu Toryo President Sakai.

In two separate business developments in Japan, three motoring companies have entered into an agreement to form a company engaged in noise and vibration (NV) evaluation and analysis of automobile interior systems, while Kyocera Corp is set to acquire the power tool business of Ryobi Limited.

Toyota Boshoku, Autoneum, Nitoku ink joint venture

Toyota Boshoku Corp, Autoneum, and Nihon Tokushu Toryo Co Ltd (Nitoku) have signed a joint venture agreement to form a noise and vibration (NV) evaluation and analysis of automobile interior systems business to be established at the start of 2018.

The goal is to further deepen the ongoing cooperative business relationship of the parties, particularly in automobile interior business. Their collaboration began in 2012.

Toyota Boshoku develops and manufactures automobile interior systems, while Autoneum and Nitoku offer acoustic technologies in the field of soundproof automotive components.

Using the buildings and equipment of Toyota Boshoku’s Oguchi plant, the new company will be engaged in NV evaluation and analysis of automobile interior and exterior systems for Toyota Motor Corp and other automotive related companies, along with advanced system development.

“The new company will merge the parties’ high level of technological development capabilities so that it will be entrusted with NV evaluation and analysis based on manufacturers’ trust,” Toyota Boshoku said in its statement.

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Kyocera to acquire RYOBI’s power tool biz

Kyoto-based Kyocera Corp has concluded a basic agreement to acquire an 80 per cent stake in a company to be established from the company split of Ryobi Limited’s power tool business.

The acquisition is expected to be completed in January 2018. Through the acquisition, Kyocera aims to promote diversification and further expansion of its cutting tool business.

Kyocera noted it aims to take advantage of synergies with its relevant group companies in order to expand sales globally.

Founded in 1959, Kyocera has been focusing over the last few years on diversifying and expanding sales of products from its core indexable tools to solid carbide tools, woodworking tools, as well as power tools for the construction industry.

Kyocera has extended its power tool business in the US and European markets through targeted acquisitions such as that of the Unimerco Group in Europe, now Kyocera Unimerco in 2011, and the buyout of Senco Holdings Inc in August 2016, now called Kyocera Senco Industrial Tools Inc.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.