Releases | Subscription to the allotment of new shares by third parties of Okamoto Machine Tool Works, Ltd. and entering into a business and equity alliance agreement




Mitsui & Co., Ltd. (“Mitsui”, head office: Tokyo, president and CEO: Kenichi Hori) has decided to subscribe to a third-party allotment of new shares by Okamoto Machine Tool Works, Ltd. (“Okamoto “, Headquarters: Annaka, Gunma; President and CEO: Tsuneyuki Ishii). Mitsui and Okamoto have signed a business and capital alliance agreement. Mitsui will subscribe for shares worth 9.8 billion yen and hold 30.0% of the voting rights in Okamoto upon completion of the investment, making Okamoto an associated company through Mitsui’s equity method.

Okamoto manufactures and supplies high-performance machine tools, including surface grinding machines, and semiconductor manufacturing equipment, including wafer polishing machines, and has high global market shares. Furthermore, as a long-term vision towards 2030, the company aims to be a global leader in its business fields as an unrivaled “total manufacturer of abrasive machines in the world.”

To achieve its 2026 Medium-Term Management Plan, Mitsui promotes the “sustained evolution of domestic businesses” by creating business models that support the structural change of Japanese industry and business development with partners using cutting-edge technology. from Japan. Over the years, Mitsui has established a business foundation in the industrial and manufacturing machinery sector and explored new business opportunities.

Mitsui and Okamoto have signed a business and equity alliance agreement to further accelerate growth in the machine tool and semiconductor manufacturing equipment businesses by leveraging their resources and management experience. Mitsui, together with its group companies, aims to strengthen Okamoto’s global sales base and customer base; In addition, it promotes the development of human resources and the strengthening of corporate functions, contributing to improving Okamoto’s corporate value.

Schedule until the investment is confirmed (planned)

  • Date of conclusion of the commercial and capital alliance contract and assignment of third parties: May 22, 2024.
  • Third-party allocation payment date and equity and business alliance start date: Expected to be June 7, 2024

Company Profile











Official name Okamoto Machine Tool Works, Ltd.
Head Office Location Annaka, Gunma
Established 1935 (Founded: 1926)
Representative Tsuneyuki Ishii
Number of employees 2,173
Business activities Manufacture and sale of grinding machines and semiconductor manufacturing equipment.
Website

https://www.okamotoen.com/

The surface grinding machine that has the largest national market share in ultra-precision finishes.

The surface grinding machine that has the largest national market share in ultra-precision finishes.

High precision semiconductor wafer polishing equipment with a proven track record of global delivery.

High precision semiconductor wafer polishing equipment with a proven track record of global delivery.




















The materiality of Mitsui

“Build brighter futures everywhere” as our corporate mission, and to earn the trust and expectations of our stakeholders to achieve a better tomorrow for the Earth and for people around the world, we have identified five material issues (“ Materiality”) for Mitsui sustainability. growth. We anticipate that this particular project/business will especially contribute to the realization of “Secure and Sustainable Supply of Essential Commodities”.

  • Ensure sustainable supply of essential products

    Ensure sustainable supply of essential products

  • Improve Life Quality

    Improve Life Quality

  • Create an ecological society

    Create an ecological society

  • Develop talent that leads to value creation.

    Develop talent that leads to value creation.

  • Build an organization with integrity

    Build an organization with integrity