JIP - JAPAN INDUSTRIAL PARTNERS INC.

Investment Track Record

Past examples of JIP investments

(Please note that some of these investment targets have undergone a name change.)

Carve-out

OM Digital Solutions Corporation
Nippon Avionics Co., Ltd.
  • Company Name
    Nippon Avionics Co., Ltd.
  • Implemented In
    January 2020
  • Summary
    Carve-out of Nippon Avionics Co., Ltd., a listed subsidiary of NEC Corporation that engages in information system and electronic device businesses. Acquired NEC’s stake (50.3% of voting rights).
Hitachi Kokusai Electric Inc.
  • Company Name
    Hitachi Kokusai Electric Inc.
  • Implemented In
    June 2018
  • Summary
    Carve-out of imaging and communications business after jointly taking Hitachi Kokusai Electric Inc. private with KKR.
ALAXALA Networks Corporation
  • Company Name
    ALAXALA Networks Corporation
  • Implemented In
    March 2018
  • Summary
    Carve-out of joint venture between Hitachi, Ltd. and NEC Corporation that engages in network device development, manufacturing and sales businesses. Acquired Hitachi’s stake (60% of voting rights).
EM Devices Corporation
  • Company Name
    EM Devices Corporation
  • Implemented In
    April 2017
  • Summary
    Carve-out of mechanical relay business department of NEC TOKIN Corporation.
Kyushu Mitsui Aluminium Co., Ltd.
  • Company Name
    Kyushu Mitsui Aluminium Co., Ltd.
  • Implemented In
    September 2015
  • Summary
    Carve-out of Kyushu Mitsui Aluminium Co., Ltd., a Mitsui Group member company that engages in aluminum materials business.
VAIO CORPORATION
  • Company Name
    VAIO CORPORATION
  • Implemented In
    July 2014
  • Summary
    Carve-out of Sony Corporation’s PC business (VAIO).
NEC BIGLOBE, Ltd.
  • Company Name
    NEC BIGLOBE, Ltd.
  • Implemented In
    March 2014
  • Summary
    Carve-out of NEC BIGLOBE, Ltd., a NEC Corporation group company and subsidiary that engages in ISP business.
ITX Corporation
  • Company Name
    ITX Corporation
  • Implemented In
    September 2012
  • Summary
    Carve-out of ITX Corporation, a Olympus Corporation group company and subsidiary that engages in mobile phone sales business.
Kyowa Hakko Chemical Co., Ltd.
  • Company Name
    Kyowa Hakko Chemical Co., Ltd.
  • Implemented In
    March 2011
  • Summary
    Carve-out of Kyowa Hakko Chemical Co., Ltd., a Kyowa Kirin Co., Ltd. group company that engages in chemicals business.
YAMAHA LIVINGTEC CORPORATION
  • Company Name
    YAMAHA LIVINGTEC CORPORATION
  • Implemented In
    March 2010
  • Summary
    Carve-out of YAMAHA LIVINGTEC CORPORATION, Ltd., a Yamaha Corporation group company and subsidiary that engages in housing device manufacturing business.
Alphana Technology Co., Ltd.
  • Company Name
    Alphana Technology Co., Ltd.
  • Implemented In
    March 2008
  • Summary
    Carve-out of motor business department of Victor Company of Japan, Limited.
Optrex Corporation
  • Company Name
    Optrex Corporation
  • Implemented In
    February 2008
  • Summary
    Carve-out of Optrex Corporation, a joint venture between Mitsubishi Electric Corporation and Asahi Glass Co., Ltd. that engages in small/medium-sized LCD panel manufacturing business.
Toyota Caelum Inc.
  • Company Name
    Toyota Caelum Inc.
  • Implemented In
    November 2006
  • Summary
    Carve-out of Toyota Caelum Inc., a TOYOTA MOTOR CORPORATION group company and subsidiary that engages in CAD/CAM software manufacturing business.
ELNA CO., LTD.
  • Company Name
    ELNA CO., LTD.
  • Implemented In
    April 2006
  • Summary
    PIPE investment in ELNA CO., LTD., an Asahi Glass Co., Ltd. affiliate that engages in manufacturing business for various condensers/printed wiring boards.
Yutaka Electric Mfg. Co., Ltd.
  • Company Name
    Yutaka Electric Mfg. Co., Ltd.
  • Implemented In
    January 2006
  • Summary
    Carve-out of Yutaka Electric Mfg. Co., Ltd., a group company and subsidiary of NIPPON STEEL CORPORATION that engages in manufacturing business for various power sources.
SII Micro Parts Co., Ltd.
  • Company Name
    SII Micro Parts Co., Ltd.
  • Implemented In
    November 2003
  • Summary
    Carve-out of SII Micro Parts Co., Ltd., a group company and subsidiary of Seiko Instruments Inc. that engages in micro-battery business.
Laserfront Technologies, Inc.
  • Company Name
    Laserfront Technologies, Inc.
  • Implemented In
    March 2004
  • Summary
    Carve-out of laser processor department of NEC Corporation.

MBO, etc.

TAMA ELECTRONICS INDUSTRY CORP.
  • Company Name
    TAMA ELECTRONICS INDUSTRY CORP.
  • Implemented In
    August 2021
  • Summary
    Business succession by TAMA ELECTRONICS INDUSTRY CORP, which engages in manufacturing and sales of mobile phone-related equipment, PC peripherals, etc.
ICHIKAWA KANKYO HOLDINGS CO., LTD.
  • Company Name
    ICHIKAWA KANKYO HOLDINGS CO., LTD.
  • Implemented In
    October 2018
  • Summary
    Business succession by ICHIKAWA KANKYO HOLDINGS CO., LTD., which engages in environment and recycling businesses (biomass included).
NARUMIYA INTERNATIONAL
  • Company Name
    NARUMIYA INTERNATIONAL
  • Implemented In
    July 2016
  • Summary
    Investment in NARUMIYA INTERNATIONAL, which engages in manufacturing, processing and sales of children’s clothing.
Skylark Co., Ltd.
  • Company Name
    Skylark Co., Ltd.
  • Implemented In
    November 2011
  • Summary
    Investment in Skylark Co., Ltd., which engages in operation of restaurant chains (joint investment with Bain Capital, etc.).
JAPAN AUTOMOBILE AUCTION INC.
  • Company Name
    JAPAN AUTOMOBILE AUCTION INC.
  • Implemented In
    June 2010
  • Summary
    MBO of JAPAN AUTOMOBILE AUCTION INC., a corporation listed on TSE Second Section that engages in operation of secondhand automobiles for vendors.
SunTelephone Co., Ltd.
  • Company Name
    SunTelephone Co., Ltd.
  • Implemented In
    March 2007
  • Summary
    MBO of SunTelephone Co., Ltd., a trading company specializing in telecommunications devices that is listed on TSE First Section.
Q’SAI CO., LTD.
  • Company Name
    Q’SAI CO., LTD.
  • Implemented In
    December 2006
  • Summary
    MBO of Q’SAI CO., LTD., a corporation listed on TSE Second Section that engages in food processing business.
Kokunai Shinpan Co., Ltd.
  • Company Name
    Kokunai Shinpan Co., Ltd.
  • Implemented In
    May 2004
  • Summary
    Investment in Kokunai Shinpan Co., Ltd., which engages in credit, card loan and credit assurance businesses.