NEC Consolidates Casio, Hitachi Shares
NEC consolidates mobile JV taking outstanding Casio and Hitachi shares to become wholly-owned subsidiary http://bit.ly/1iFN8HK
Machine Translation
NEC is, NEC Casio Mobile Communications Co., Ltd. With the review of the mobile handset business, which was determined in July this year, responsible for the business management system to change. The contents of the management structure changes are as follows.
Of NEC CASIO Mobile Communications, Inc., and Hitachi, Ltd. CASIO COMPUTER CO., LTD NEC’s purchase of today all the shares. In addition, continue to use for the time being Casio brand and company name. In addition, the maintenance on the mobile phone terminal of Hitachi brand and Casio brand, is carried out continuously in NEC CASIO Mobile Communications Company.
Because in addition to the production of conventional mobile phone, it is possible to use to provide a high degree of social infrastructure using ICT in the “social solutions business”, Saitama NEC Corporation NEC CASIO Mobile Communications, Inc. has (Headquarters: Saitama Kodama NEC’s purchase date 6 January 2014 all shares of Inoue Taketoshi): county Kamikawa-cho, President & CEO.
Based on the current business scale, to be reduced to 5 billion yen to 400 million yen in the current capital of NEC CASIO Mobile Communications Company. You are planning a February 2014 reduced the time.