HAZAMA ANDO CORPORATION hereby announces that it has dissolved the business alliance with TOA CORPORATION effective October 25, 2022. Brief details are provided as follows.
１．Reasons for dissolving alliance
HAZAMA ANDO entered into a business alliance with TOA CORPORATION with the aim of expanding and enhancing the efficiency of its business in mutual fields by maximizing the use of complementary technologies and engaging in joint research and development on September 19, 2002. The decision to dissolve the alliance was made after achieving the desired objectives and experiencing a downturn in opportunities in recent years.
2．Date of alliance dissolution
October 25, 2022
3．Overview of the counterparty to the alliance dissolved
4．Other
The dissolution of the business alliance will have no impact on the Company’s business results.