Announcement about Acquisition of Primary Battery Business of Murata Manufacturing Co., Ltd. and Tohoku Murata Manufacturing Co., Ltd.

Maxell, Ltd. announced that the Board of Directors today resolved to acquire the micro primary battery business operated by Murata Manufacturing Co., Ltd.

Under the Mid-term Management Plan MEX26, the Company is implementing business portfolio reforms where it applies business distinction to the existing businesses from the perspective of growth potential and profitability, shifting resources to growth businesses while accelerating the commercialization of new businesses.
In this context, for the Energy business, the Company decided to discontinue production of prismatic lithium-ion batteries which had profitability issues, and will further strengthen its focus on primary batteries, mainly for automotive applications and medical devices, which are expected to grow and demonstrate high profitability as a pillar of its future growth strategy. Additionally, regarding new businesses, the Company aims early contribution of all-solid-state batteries to its business performance by initiating market introduction for industrial equipment.
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