Japan Industrial Partners

Last updated
Japan Industrial Partners, Inc.
Company type Private
Industry Private equity
Founded2002;23 years ago (2002)
Headquarters,
Japan
Key people
Hidemi Moue (CEO)
Subsidiaries
  • ITX Corp
  • Kyowa Hakko Chemical
  • Nippon Avionics
  • SunTelephone
  • Toshiba
  • OJ Holdings, Ltd
Website jipinc.com

Japan Industrial Partners, Inc. is a Japanese private equity firm based in Tokyo. Founded in 2002, it received investment from firms including Mizuho Financial Group and Bain & Company. Its CEO is Hidemi Moue. [1] [2]

Contents

History

In 2007, Japan Industrial Partners bought SunTelephone with Bain Capital. In 2010, it purchased Kyowa Hakko Chemical from Kyowa Hakko Kirin. [2]

In 2012, Japan Industrial Partners bought the core operations of the telecommunications company ITX Corp from Olympus Corporation for $676 million. [3] [2]

In 2014, Japan Industrial Partners bought the computer manufacturer Vaio from Sony. [1] [4] In 2020, Japan Industrial Partners bought Nippon Avionics from NEC, and changed the company's leadership. [1]

In 2020, the company bought the imaging arm of Olympus. This was transferred to a new company, named OM Digital Solutions , in 2022, as the deal only allowed the brand name to be used for a transitional period. [5]

In 2023, Japan Industrial Partners and 19 other companies, including Orix, Rohm and Chubu Electric Power, offered to buy Toshiba for US$15 billion, which was accepted by Toshiba's board in September. [6] As a result, Toshiba was delisted from the Tokyo exchange after 74 years. [7]

In 2025, Japan Industrial Partners sold Vaio Corporation to Nojima. [8]

Operations

Japan Industrial Partners operates within the electronics industry, where they perform corporate carve-outs, buyouts, and spinouts. [2]

Japan Industrial Partners maintains a low profile and rarely attends interviews. The firm does not hire restructuring consultants and prefers to manage the restructuring efforts internally. [1]

List of subsidiaries

References

  1. 1 2 3 4 Bridge, Anton; Yamazaki, Makiko (19 December 2023). "Focus: In buying Toshiba, a little-known fund takes on Japan Inc's toughest job". Reuters . Retrieved 20 December 2023.
  2. 1 2 3 4 Alden, William (2014-02-06). "Sony Turns to Investment Firm With a Taste for Unloved Assets". DealBook. Retrieved 2023-12-19.
  3. "CORRECTED-Olympus sells unit ITX to fund for $676 mln". Reuters . 24 August 2012. Retrieved 20 December 2023.
  4. Shu, Catherine (2014-02-06). "Sony To Exit PC Business By Selling VAIO". TechCrunch. Retrieved 2023-12-19.
  5. Shipton, Will (2022-11-02). "OM Digital Solutions splits from Olympus". Inside Imaging. Retrieved 2023-12-19.
  6. "Toshiba board accepts Japan Industrial Partners' $15 billion buyout proposal". CNBC. 2023-03-23. Retrieved 2023-12-19.
  7. Bridge, Anton; Yamazaki, Makiko (2023-12-19). "Focus: In buying Toshiba, a little-known fund takes on Japan Inc's toughest job". Reuters. Retrieved 2025-01-31.
  8. 株式会社インプレス (2025-01-06). "VAIO買収完了。正式にノジマグループ傘下に". PC Watch (in Japanese). Retrieved 2025-02-27.