History & Sales Growth

The Origin Of Our Company Name

Polatechno was created to develop and supply distinctively characteristic polarizing films. It is a joint venture between two companies each with long traditions in their respective fields: "Nippon Kayaku Co., Ltd." with superior strength in the development of dyes for polarizing films and other chemicals, and "Arisawa Mfg. Co., Ltd." with a technological tradition characterized by "Coating, Weaving and Molding."

Combining the two key words "Polarizer" and "Technology," our company name "Polatechno" represents our wish to become an excellent "polarizing film manufacturer with great technological strengths."

History

July 1991 Polatechno Co., Ltd. established with a capital of 400 million yen to engage in the manufacture of polarizing films and related products jointly with Nippon Kayaku Co., Ltd.
February 1992 Polatechno Sales Co., Ltd. established with a capital of 40 million
July 1992 Niigata Factory completed in Joetsu City, Niigata Prefecture.
December 1992 Sale of in-house products begins.
September 1995 Takes over the polarizing film business owned by Arisawa Mfg. Co., Ltd.
Nakadahara Factory completed in Joetsu City, Niigata Prefecture.
May 1996 Capital increased to 1.2 billion yen by allotting new issues to shareholders.
June 1997 Polatechno Sales Co., Ltd. makes equity participation in POLATECHNO (HONG KONG) CO., LTD.
January 1999 Registers for ISO9002 (quality system) accreditation.
June 1999 Capital increased to 1.24 billion yen through acquisition of Polatechno Sales Co., Ltd.
Nippon Kayaku obtains 50% of Polatechno's outstanding shares from Arisawa Mfg. to enhance its stake to 55.0%, thereby making Polatechno its subsidiary.
July 1999 Establishes our wholly owned subsidiary DEJIMATECH B.V. in the Netherlands, which takes over the optical film business of AkzoNobel.
DEJIMATECH B.V. establishes DEJIMA OPTICAL FILMS B.V., a wholly owned manufacturing subsidiary.
August 2002 Registers for ISO14001 (environmental management system) accreditation.
March 2003 Registers for ISO9001 (quality management system) accreditation.
August 2003 Establishes our wholly owned subsidiary WUXI POLATECHNO OPTICS CO., LTD. in China.
January 2004 Acquires MOXTEK, Inc. of the United States as a wholly owned subsidiary.
March 2006 Polatechno's stock listed on the Jasdaq Securities Exchange.
Capital increased to 3,007.15 million yen by public offering.
March 2006 Polatechno's stock listed on the Jasdaq Securities Exchange.
Capital increased to 3,095.125 million yen as a result of third-party allocation of new shares relative to over-allotment in the wake of the Jasdaq listing.
December 2017 Acquired RaySpec Ltd. in the United Kingdam as a 100% subsidiary.
April 2019 Established Pict Leap Ltd. as a 100% subsidiary.
November 2019 Became a 100% subsidiary of Nippon Kayaku Co.,Ltd. and delisted from the JASDAQ Securities Exchange.

Sales Growth

(Unit: million yen)

ConsolidatedNon-consolidated
24th term (FY2014) 25,441 20,119
25th term (FY2015) 24,179 17,323
26th term (FY2016) 20,867 16,071
27th term (FY2017) 21,201 16,474
28th term (FY2018) 20,903 15,498
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