Hitachi High-Technologies Corporation has resolved at a Board of Directors meeting held today to withdraw from the chip mounter business, which is part of the Electronic Device Systems segment. Details of the decision are as follows. Within the Hitachi High-Tech Group, the wholly owned subsidiary Hitachi High-Tech Instruments Co., Ltd. (Hitachi High-Tech Instruments) has been responsible for the development, manufacture, and servicing of chip mounters and peripheral equipment since 2003, while Hitachi High-Tech has been responsible for sales, strengthening the foundation of the chip mounter business as well as increasing the competitiveness of the products. However, this sector has been experiencing a harsh business environment for some time, affected by a slump in the PC and digital appliance markets and slowing growth in the high-end mobile devices market. Hitachi High-Tech has been conducting continuous structural reforms in the chip mounter business, but has now judged that it will be too difficult to improve its performance, resulting in the decision to withdraw from the business. Overview of the Business to be withdrawn from the chip mounter business:
- 1. Hitachi High-Tech: sales of chip mounters and peripheral equipment
- 2. Hitachi High-Tech Instruments: development, manufacture and servicing of chip mounters and peripheral equipment.
Hitachi High-Tech will aim to complete its withdrawal by the end of March 2015. Hitachi High-Tech today concluded an Agreement on the Transfer of Assets, etc., with Yamaha Motor Co., Ltd., regarding the assets of the business, under which some of the assets will be transferred on February 1, 2015. Hitachi High-Tech will also cooperate with Yamaha Motor Co., Ltd. to provide servicing for the products. The impact of this business withdrawal on Hitachi High-Tech’s operating results is currently being examined. If any material impact on operating results is to be expected, Hitachi High-Tech will announce it promptly.
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