Now Ryobi and Mitsubishi announced the combination of their respective sheetfed businesses into a 60/40 JV with Ryobi controlling the 60%. Interesting...
The new company with 450 employees has a sales target of 30 billion Yen (about $300 million) and a 2% profit target. That revenue would be less than double Ryobi's recent stand alone number, perhaps an explanation of the 60/40 split.
While the new company would become #4 with a market share of about 8%, I am afraid it will become another member of the "our numbers are private" club.
At least for now we still have some visibility for Ryobi and here is the latest tally, with the usual adjustments by yours truly. With the objective being a reasonable estimate for sheetfed equipment, the latest HD quarter has additionally been adjusted to reflect the latest reporting change that includes some Gallus and Prinect business in the Equipment segment.
Getting back to the recent Ryobi/Mitsubishi news, the next obvious question is what Mitsubishi will do with its web press business.