NOTICE OF WITHDRAWAL FROM FILM CAPACITOR BUSINESS
Since our successful development of the world’s first polypropylene film capacitor in 1965, we have been engaged in the development, manufacturing, and sales of film capacitor products, serving diverse customer needs through our production bases in Nagano, Japan, and Malaysia. We deeply appreciate the trust and support extended to us by our valued customers and business partners over the years.
However, due to the increasingly challenging business environment surrounding the film capacitor industry, and despite our continuous efforts to improve operations and sustain the business, we have been facing persistent losses. After careful consideration, we regret to inform you that we have concluded it is no longer feasible to continue this business. Accordingly, we have decided to withdraw from the film capacitor business and will terminate all related operations at both our Nagano plant and our subsidiary in Malaysia, with targeting date on or around the end of October, 2026
We will make every possible effort to support our customers during this transition period, including providing relevant information and cooperating in discussions regarding alternative sourcing. Also we will share our purchasing plans if any in detail with all of our business partners.
We sincerely apologize for any inconvenience this decision may cause and kindly ask for your understanding.