December 21, 2015
Junya Suzuki
President and CEO, Chairman of the Board
Nissha Printing Co., Ltd.
Exchanges Listed: Tokyo Stock Exchanges, First Section 7915
Contact: Hayato Nishihara
Senior Executive Vice President, CFO, Member of the Board
T +81 75 811 8111

Notice Regarding Memorandum of Understanding on Collaboration (Production Tie-up)
with Kyodo Printing Co., Ltd. in Nissha’s Information and Communications Business
Nissha Printing Co., Ltd. (headquartered in Kyoto; Junya Suzuki, President and CEO; hereinafter “Nissha”),
through its Information and Communication business subsidiary Nissha Printing Communications, Inc.
(headquartered in Kyoto; Kensuke Narita, Representative Director; hereinafter “Nissha Printing Communications”),
on December 21, 2015, entered a basic agreement with Kyodo Printing Co., Ltd. (headquartered in Bunkyo-ku,Tokyo; Yoshiaki Fujimori, President; hereinafter “Kyodo Printing”) on building a collaborative partnership(production tie-up) toward optimizing production and procurement.
Objective of Production Tie-up
The diversification of information media, among other influences, has led to a contraction in the Japanese printing
market and an increasingly severe business environment for printing companies. The industry is believed to beoversupplied with facilities and equipment against a backdrop of dwindling demand.
Nissha engages in the printing business with a specialty in highly precise color reproduction since its founding in
1929. We have diversified

our business domains in the areas such as Industrial Materials and Devices throughdeveloping its printing technology .We have expanded the scale of our business along with the continued global
growth .
Kyodo Printing has established a solid presence as a printing major and industry leader since its founding in 1897.
The two companies, each with unique strengths, have agreed to build a collaborative partnership in production andprocurement as a measure to address the contracting printing market. By reorganizing their production system,
establishing a quality control system, and promoting shared procurement activities in optimal balance with demand,
they aim to improve profits and further enhance customer satisfaction.
Outline of Memorandum of Understanding In April 2016, Nissha Printing Communications will start outsourcing mass production of printed matter in
the Tokyo area to Kyodo Printing.
 The scope of production operations outsourced will center on printing, bookbinding, and processing, andinclude ancillary logistics and procurement of printing materials.
 The volume of production operations outsourced is scheduled to expand in phases in line with the status ofquality control standards to be set forth by Nissha and Kyodo Printing.
 Accordingly, Nissha Printing Communications will start phased streamlining of production operations in theTokyo area toward structural cost reforms.
 Profits are expected to improve in phases in line with the progress in the production tie-up starting in April
2016, and reach several hundreds of million yen for the two companies combined in fiscal year 2018.
Schedule Moving Forward
Following the basic agreement, Nissha and Kyodo Printing will continue with detailed discussions toward
concluding a production tie-up contract in March 2016. Talks will include the prospect of Kyodo Printing acquiring
a portion of the shares of Nissha Printing Communications to solidify the partnership. The two companies intend torespect each other as partners and strive to win further trust from their customers.
Having deepened understanding of each other’s business through the production tie-up starting in April 2016, andascertained the effects of the tie-up and the potential for its expansion, the two companies also hope to explore thepossibilities of collaborating in marketing or forming a further business tie-up in and after fiscal year 2018.
The impact of the agreement on Nissha’s consolidated business results is minor. Prompt notification will be madeshould the need arise to disclose any matters.
Outline of Kyodo Printing
Name

Kyodo Printing Co., Ltd.

Headquarters

4-14-12 Koishikawa, Bunkyo-ku, TokyoRepresentative

Yoshiaki Fujimori, President

Business description

Planning, development, production, and sales of publication printing, general commercial
printing, business form, data printout, smart card, packaging, high-function hygroscopic
film and adsorption film products and services

CapitalJPY 4,510 million

Established

December 26, 1925

Outline of Nissha
Name

Nissha Printing Co., Ltd.

Headquarters

3 Mibu Hanai-cho, Nakagyo-ku, Kyoto

Representative

Junya Suzuki, President and CEO, Chairman of the Board

Business description

Planning, development, production, and sales of decorative film, touch panel, andcommercial printing products and services

CapitalJPY 5,684 million

Established

December 28, 1946

Outline of Nissha Printing Communications
Name

Nissha Printing Communications, Inc.

Headquarters

3 Mibu Hanai-cho, Nakagyo-ku, Kyoto

Representative

Kensuke Narita, Representative Director

Business description

Planning, development, production, and sales of publication printing and commercialprinting products and services

CapitalJPY 100 million (wholly owned subsidiary of Nissha Printing Co., Ltd.)

Established

April 27, 2015

Inquiries
Corporate Communications, Nissha Printing Co., Ltd. (+81-75-823-5139)