Kyocera Corporation (TSE:6971) signed a letter of intent to acquire 33% stake in Japan Aviation Electronics Industry, Limited (TSE:6807) from NEC Corporation (TSE:6701) on August 31, 2025.
Under the Share Transfer to be implemented pursuant to the share transfer agreement executed with NEC as of October 30, 2025, KYOCERA shall obtain 22,232,269 Company shares
The expected completion of the transaction is October 31, 2025. BofA Securities Japan Co., Ltd. acted as financial advisor to NEC Corporation.
NEC Corp is a Japan-based company mainly engaged in the information technology (IT) services and social infrastructure businesses. The Company operates through two business segments. The IT Services segment provides system integration (system construction and consulting), support (maintenance), outsourcing and cloud services, and system equipment and software services. The Social Infrastructure segment provides network infrastructure (core networks, cell phone base stations, optical transmission systems, and marine systems), software and services for telecommunications carriers, and system equipment, system integration (system construction and consulting) and support (maintenance) in the aerospace and defense domain.
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