OKI

OKI has signed a business transfer agreement with Yokogawa Electric and Yokogawa Manufacturing to acquire the Yokogawa Group's aircraft instrument business, effective April 1, 2022. The acquired business had sales of 4.9 billion yen in fiscal 2020.

OKI will build a new factory in Honjo, Saitama, Japan, with an investment of about ¥6 billion. The factory aims to be Japan's first net-zero energy building (ZEB) for a production facility, with seismic isolation and CLT wood construction. Operations are scheduled to start in April 2022.