October 17, 2023 /SemiMedia/ -- According to the chip supply chain, Japanese chip distributors Ryoyo Electro and Ryosan announced that they will establish a joint holding company, Ryosan Ryoyo Holdings (HD), on April 1, 2024. After the merger, the two companies aim to achieve group sales of 500 billion yen (approximately US$3.342 billion) and operating profit of 30 billion yen (approximately US$200 million) in fiscal 2029.
Ryosan Ryoyo HD will become the wholly-owned parent company of Ryoyo Electro and Ryosan through a share transfer. The head office will be located in Chuo-ku, Tokyo, with Moritaka Nakamura, President of Ryosan Ryoyo Electro, as President, and Kazuhiko Inaba, President of Ryosan, as Vice President.
Ryoyo Electro and Ryosan will be delisted on March 28, 2024, and Ryosan Ryoyo HD will be launched on the Tokyo Prime Market on April 1, 2024. After the merger, the two companies will compete in the distribution market with distributors Macnica Holdings (HD), Kaga Electronics (Kaga Electronics) and Lester HD.