Tokyo, April 28, 2015 —

We are pleased to announce that USHIO LIGHTING, INC. (Headquarters: Tokyo, COO / Managing Director: Takamasa Kikkawa, henceforth USHIO LIGHTING) acquired 100% of the issued shares of MAXRAY INC. (Headquarters: Osaka, henceforth MAXRAY) under the agreement relating to the acquisition of the shares of MAXRAY, on April 27.
Amid the acceleration of the shift toward LED from existing light sources in the lighting market, the synergy between USHIO LIGHTING and MAXRAY going into a Ushio Group, will further drive the expansion of high-value added LED lighting business.
Furthermore, Ryujiro Tsubaki took up the position of CEO / Managing Director of MAXRAY on April 27.