Notice Regarding Construction of Manufacturing Plant in the Philippines
Our consolidated subsidiary Pricon Microelectronics, Inc. (Philippines) will build a manufacturing plant on land acquired in November 2022. Details are as follows.
1．Purpose of building a manufacturing plant
As the global demand for semiconductors increases, we will build a stable supply system for semiconductor test sockets and respond quickly and efficiently to diversifying customer needs such as in-vehicle equipment, communication equipment, and industrial equipment. For this reason, Pricon Microelectronics, Inc. (Philippines), a consolidated subsidiary of the Group, will construct a new Manufacturing Plant (Plant 3) to increase production capacity.
2．Overview of the new plant
| Location | Lots 1-2 Block 5 Elysan Road, Light Industry & Science Park IV (LISP IV), Brgy. Bulihan, Malvar, Batangas Philippines |
| Total floor space | 7,065㎡ |
| Total amount of investment | About 1.1 billion yen（Not including land cost） |
| Financing plan | Personal funds |
| Construction start date | May 2023（planned） |
| Production start date | April 2024（planned） |
Reference: Total floor area of the currently operating plant 1 in the Philippines and the adjacent plant 2
Plant 1：8,951㎡ Plant 2：6,408㎡ Total：15,359㎡
Announced in September 2022 Notice on Acquisition of Land in the Philippines
https://www.yamaichi.co.jp/en/news/notice-on-acquisition-of-land-in-the-philippines/
3．Features of the new plant
- Building an integrated production system from parts manufacturing to product assembly
- Introduction of a traceability system and a molding equipment operation monitoring system for the purpose of quality improvement
- Labor-saving through robotization and combined production with humans
- Introduction of solar power generation for power saving（planned）
4．Outlook for Business Performance
The impact of the construction of the production plant on the business results for this fiscal year is minor. We will promptly disclose any matters that should be disclosed in the future.
5. Completion rendering
