Shimadzu Corporation
Japan Activation Capital, Inc.

Shimadzu Corporation (head office: Nakagyo-ku, Kyoto; Representative Director, President & CEO Yasunori Yamamoto, hereinafter “Shimadzu”) announced today that it has entered into a strategic partnership agreement (hereinafter “Partnership Agreement”) with Japan Activation Capital, Inc. (Representative Director & CEO Hiroyuki Otsuka, hereinafter “JAC”) to achieve sustainable growth and increase corporate value at Shimadzu.

1. Background to the Partnership

In accordance with its three-year medium-term management plan for fiscal years 2023 through 2025, Shimadzu is pursuing planetary health based on the concept of “becoming an innovative company that solves social issues with global partners,” by advancing businesses in three directions^*1 across four business domains^*2 for creating social value.

• *1: “Contributing to human life & well-being,” “contributing to well-being of the Earth,” and “contributing to industrial development and a safe & secure society.”
• *2: Healthcare, green transformation (GX), material, and industry.

JAC is a public equity investment fund that supports the sustainable growth and corporate value creation of its portfolio companies over the medium- to long-term through trust-based partnerships with management teams. JAC comprises professionals with diverse backgrounds who have played pivotal roles in the growth and value creation of prominent Japanese companies. This collective expertise is actively applied to support the development of JAC’s portfolio companies.

Shimadzu and JAC, having recognized shared values in their respective philosophies and a mutual commitment to enhancing Shimadzu’s corporate value, engaged in a series of discussions. As a result, JAC, through its managed funds, became one of Shimadzu’s shareholders and the two parties formalized their collaboration through the Partnership Agreement.

2. Purpose of the Partnership Agreement

Through the Partnership Agreement, Shimadzu will draw on JAC’s strategic resources, deep expertise, and extensive network to strengthen its growth trajectory. In parallel, JAC will proactively support Shimadzu in achieving its medium- to long-term growth and in cultivating further expectations for future growth.

Through these measures, both parties will work together to advance Shimadzu’s sustainable growth and long-term corporate value creation.

3. Comments by Yasunori Yamamoto, Representative Director, President & CEO of Shimadzu

“Shimadzu aims to offer end-to-end solutions to customers and achieve sustainable growth as an innovative company that solves social issues with partners around the world by strengthening both technology development and broad adoption of those technologies in society.

Therefore, we are excited to welcome JAC as a trusted strategic partner in swiftly and steadily executing that endeavor. Given JAC’s extensive knowledge and deep experience in executing strategies in the manufacturing industry and overseas expansion, we intend to increase our corporate value by drawing on JAC’s resources and network to execute our strategies from a medium- to long-term perspective. Based on the Partnership Agreement, Shimadzu will engage in ongoing constructive dialogue and collaboration with JAC, pursue planetary health, and create a society full of empathy.”

4. Comments by Hiroyuki Otsuka, Representative Director & CEO of JAC

“Shimadzu’s technology assets, rooted in analytical and measurement technologies, represent essential social infrastructure across global growth domains such as life sciences, healthcare, semiconductors, advanced materials, the environment, and energy. Their importance and potential for expansion has never been greater.

We are honored that Shimadzu, with its solid strengths in analytical measurement, has welcomed us as a strategic partner to support its long-term sustainable growth.

Shimadzu is now making a bold and swift pivot from a product-centric to a customer-centric approach, and from hardware to total solutions. Under President Yamamoto’s strong leadership and clear vision, the management team’s firm commitment to transforming itself for further growth highly aligns with our mission.

As a strategic partner, we will provide multifaceted support for the steady execution of their strategy, through constructive dialogue, and hands-on collaboration, helping Shimadzu realize its full potential as a global leader in analytical and measuring instrument solutions and enhance corporate value over the medium- to long- term.”

5. Company Overview

1) Shimadzu Corporation

2) Japan Activation Capital, Inc.