DNP Acquires All Shares of HK Holding which Operates Hikari

Dai Nippon Printing Co., Ltd. (“DNP”) is pleased to announce the acquisition of all shares of HK Holding Co., Ltd. (“HK Holding”) from its shareholders including TMCAP 2016 limited partnership, a fund operated by T Capital Partners Co., Ltd. on January 31, 2025.

HIKARI METAL INDUSTRY CO.,LTD.  (“Hikari”), a wholly owned subsidiary of HK Holding, holds various molding manufacturing technologies such as decorative molded parts for automobiles and industrial equipment.

Objective

DNP has established Mobility and Industrial High-Performance Materials, Digital Interfaces, and Semiconductors as growth-driving businesses. In the Mobility and Industrial High-Performance Materials, DNP is expanding the business with a focus on the automotive interior, exterior materials and functional films.

Since its establishment in 1950, Hikari has built trust–based relationships with customers, establishing a strong position in the market by leveraging its strengths in advanced decorative molding technology and manufacturing know-how in automotive molded parts and industrial equipment parts. 

In this acquisition, we will facilitate the combination of the technologies and networks between DNP and Hikari, strengthening interaction with customers and working to promote the development of advanced products for the rapidly changing market.

Hikari Overview

Company name	HIKARI METAL INDUSTRY CO., LTD.
Location	130 Nakashiota, Narumi-cho, Midori-ku, Nagoya, Aichi
Representative	President & CEO: Yukihide Takagi
Business	Manufacturing of interior parts such as molded products for automobiles. Manufacturing decorative and display components using special printing for industrial equipment.
Established	October, 1977 (Originally founded in April, 1950)
Paid-in capital (consolidated)	100 million yen
Sales (consolidated)	3,788 million yen (FY2024, ended January 2024)
Number of employees (consolidated)	263 (as of July 2024)
Shareholder	HK Holding Co., Ltd. 100%

*Paid-in capital, sales, and number of employees are the consolidated figures of HK Holding, including Hikari Tanyou Co., Ltd, a wholly owned subsidiary of Hikari.

*Company and product names listed in this release are the trademarks or registered trademarks of the respective companies. 

*The content of this report is current as of the date of publication. It may be changed at any time without notice.