Meiryo Technica Corporation

JUKI Corporation, Mitsubishi Electric Corporation, and Meiryo Technica Corporation established a new joint company, JUKI TECHNOSOLUTIONS CORPORATION, on July 1, 2022. JUKI holds an 80% stake and Mitsubishi Electric holds a 20% stake, focusing on industrial sewing machines for non-apparel applications.

JUKI CORPORATION, Mitsubishi Electric Corporation and Meiryo Technica Corporation will establish a joint venture company, JUKI TECHNOSOLUTIONS CORPORATION, to expand into industrial sewing machines for non-apparel industries. JUKI will hold an 80% stake and Mitsubishi Electric a 20% stake.

JUKI Corporation, Mitsubishi Electric Corporation and Meiryo Technica Corporation have agreed to establish a joint venture company for the industrial sewing machine market. Meiryo Technica will establish a new company in which JUKI will hold 80% and Mitsubishi Electric will hold 20% ownership. The new company is expected to start operations in May 2022.