Nagoya, Japan — March 2026 — Brother Industries has officially completed its acquisition of Mutoh Holdings, securing an 88.01% ownership stake and significantly strengthening its position in the global professional imaging and wide-format printing markets.
Brother acquired 4,039,103 shares of Mutoh at ¥7,626 per share, representing a total transaction value of approximately ¥30.8 billion (about $230 million USD). The all-cash deal, funded entirely from internal reserves, exceeded the required ownership threshold and will result in Mutoh’s delisting from the Tokyo Stock Exchange, followed by a statutory squeeze-out of remaining minority shareholders.
The acquisition marks a strategic expansion for Brother into high-growth wide-format segments, adding Mutoh’s established portfolio of professional-grade inkjet printing systems. Mutoh’s offerings include UV-LED, eco-solvent, dye-sublimation, and direct-to-textile printers, along with cutting plotters, large-format scanners, and 3D printing technologies for industrial and commercial applications.
“Mutoh’s industry-leading wide-format technology accelerates Brother’s strategic expansion into high-growth imaging segments,” said Kazufumi Ikeda, President of Brother Industries. “This acquisition provides immediate access to advanced UV-LED platforms, integrated cutting systems, and RIP software supporting signage, textile, and industrial markets.”
Mutoh also brings proprietary technologies such as UV-LED curing systems under the AMP SPEED brand, VerteLith RIP software, and environmentally conscious ink solutions—further aligning with Brother’s long-term focus on sustainable printing technologies.
Effective March 30, 2026, Mutoh will operate as a consolidated subsidiary of Brother, with integration efforts already underway. Brother plans to maintain Mutoh’s headquarters in Tokyo while leveraging its global manufacturing and distribution infrastructure to expand market reach.
The addition of Mutoh enhances Brother’s Printing & Solutions segment, contributing approximately ¥18.1 billion in annual revenue and ¥1.3 billion in operating profit based on Mutoh’s latest fiscal performance. While the near-term financial impact is expected to be modest, the long-term strategic value positions Brother as a more competitive force in the professional wide-format printing industry.
With this acquisition, Brother establishes a stronger foothold in large-format printing, combining its global scale with Mutoh’s specialized expertise in signage, textiles, and industrial imaging applications.
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