News Release

JX Metals Corporation (President: Hayashi Yoichi; "the Company") has decided to transfer more than half of its shares in a wholly owned subsidiary, JX Metals Precision Technology Co., Ltd. (President: Kato Takumi; "JXPT"), to the Mercuria Japan Industrial Growth Fund II for which Mercuria Investment Co., Ltd. (CEO: Toyoshima Toshihiro; "MIC") serves as General Partner.

　

JXPT is engaged in the manufacture and sale of electronic parts that are processed by techniques including precious metal plating and precision stamping. The Company, after conducting a review of the Group's business portfolio based on the fundamental policies in the Long-term Vision 2040, concluded that the best course would be to transfer JXPT shares to MIC so that management resources could be further focused on the advanced materials field that is a particular strength of the Group. MIC is a listed investment company^* tracing its origins to a government-owned financial institution, with the mission of boosting the competitive strength of Japanese industry. Recognizing the high level of precision fabrication technology in JXPT, MIC determined that under a new management structure with MIC playing a central role, JXPT has the potential for achieving further growth by expanding its business into new areas and instituting measures for raising its productivity.

　

Note that part of the JXPT Nasu Works (Nasushiobara-shi, Tochigi) is excluded from this transaction and will be used to strengthen the supply chain of sputtering targets for semiconductors in the Group. The main production functions of the JXPT Nasu Works will accordingly be relocated to the Kakegawa Works (Kakegawa-shi, Shizuoka), but will for the time being, until the relocation is completed, continue production activities for JXPT products.

　

The JX Metals Group will continue contributing to the development and innovation of society as a global leader in advanced materials, as set out in the Long-term Vision.

　

*Mercuria Holdings Co., Ltd., the parent company of MIC, is listed on the Prime Market of the Tokyo Stock Exchange.

　

For Reference

About JX Metals Precision Technology Co., Ltd. (as of April 1, 2023)

Name	JX Metals Precision Technology Co., Ltd.
President & Representative Director	Kato Takumi
Capital	90 million yen
Business operations	Plating, design, manufacturing, and sales of electronic components
Company sites	Head Office: 10-12, Ueno 1-chome, Taito-ku, Tokyo, Japan Esashi Works: 12-4 Matsunagane, Esashi-iwayado, Oshu-shi, Iwate, Japan Nasu Works: 4-104 Sakitama, Nasushiobara-shi, Tochigi, Japan Kakegawa Works: 101 Shobugaike, Kakegawa-shi, Shizuoka, Japan
Employees	537

　

About Mercuria Investment Co., Ltd. (as of December 31, 2022)

Company name	Mercuria Investment Co., Ltd.
Representative	Toyoshima Toshihiro, CEO
Business operations	Investment Advisory, Investment Management, and Type II Financial Instruments Business
Head Office	1-3-3 Uchisaiwai-cho, Chiyoda-ku, Tokyo, Japan

　

About the Mercuria Japan Industrial Growth Fund II

Name	Mercuria Japan Industrial Growth Fund II (investment limited partnership)
Date of establishment	March 31, 2022
Total amount in fund	JPY 43.85 bil.
General Partner	Mercuria Investment Co., Ltd.
Limited Partners	Development Bank of Japan, and others