Effective November 1, 2020, Sharp Corporation (hereinafter “Sharp”) and NEC Corporation (hereinafter “NEC”) completed the previously announced transaction to form a joint venture by Sharp acquiring 66% of shares for NEC Display Solutions Ltd. (hereinafter “NDS”), a subsidiary of NEC.
In connection with the completion of the transaction, NDS has changed its company name to Sharp NEC Display Solutions Ltd. (hereinafter “SNDS”) and has started business operations as a subsidiary of Sharp. The newly formed SNDS will continue its focus on the BtoB display business, producing and developing a broad range of visual display solutions for a variety of markets and applications.
Fujikazu Nakayama, Senior Executive Managing Officer and Business Solutions BU President of Sharp, will serve as Chairman of the new business and Hisatsugu Nakatani, President of NEC Display Solutions, will serve as President of SNDS.
This new company represents an ongoing commitment to the display solutions business. Both Sharp and NDS display businesses are two market-leading brands in the production and development of visual solutions, and the Sharp-NEC joint venture will result in a wide range of synergies. Known worldwide for a commitment to high-quality products, focus on customer support and outstanding partner relationships, SNDS approaches this new opportunity with plans to continue delivering high-quality, innovative solutions to its customers around the world.
Outline of Company (as of November 1, 2020)
(1) Name: Sharp NEC Display Solutions Ltd.
(Former: NEC Display Solutions Ltd.)
(2) Location: Mita Kokusai Building, 4-28, Mita 1-chome, Minato-Ku, Tokyo, Japan
(3) Business Description: Development, manufacturing and sales of visual display products and visual display solutions worldwide 2
(4) Members of the Board
Representative Director, Chairman(part time)
Fujikazu Nakayama
Representative Director
Hisatsugu Nakatani
President
Ray-Shyang Lin
Members of the Board (part time)
Toyoaki Namba
Yasukazu Kobayashi
Kiyotake China
Toshinori Kusaba
Auditors (part time)
Makoto Izumi
Kouji Suzuki
Masami Usuda
(5) Executives
President
Hisatsugu Nakatani
Executive Managing Officers
Atsushi Kuroda
Makoto Iwasaki
Executive Officers
Makoto Oshikawa
Shigeru Matsuura
Shusaku Maeda
Kazuei Mochizuki
Mitsunori Aizawa
(6) Capitalization: 3 billion yen
(7) Date established: January 18, 2000
(8) Major shareholders and shareholding ratios: Sharp Corporation 66%, NEC Corporation 34%
(9) Employees: Approx. 950 (consolidated worldwide)
(10) Affiliated companies
Sharp NEC Display Solutions of America, Inc.
Sharp NEC Display Solutions Europe GmbH
NEC Viewtechnology Trading (Shenzhen), Ltd.*3
*3 Company name scheduled to be changed to Sharp NEC Display Solutions (China), Ltd. by January 2021.
