Toppan Holdings recently announced it will transfer its majority stake in Giantplus in two phases throughout 2025. The share transfer will occur in two phases throughout 2025. The first phase, scheduled for January 20, involves the sale of 81.5 million shares, while the second phase will see the transfer of approximately 153 million shares in late August.
This strategic divestment marks another chapter in the ongoing transformation of the Asian display panel industry. According to Toppan’s official statements, the company aims to optimize its resource allocation and strengthen its foundation for future growth. The move will allow Toppan to redirect its capital and management focus away from the highly competitive display sector toward more promising business opportunities.
For Giantplus, which was previously integrated with Toppan’s subsidiary Ortus, the ownership change means it will no longer operate as a consolidated subsidiary of Toppan. However, company management has assured stakeholders that daily operations, customer relationships, and product offerings will continue without significant disruption.
The sale highlights a broader trend in the Japanese display industry. Once a dominant force in global panel manufacturing, Japanese companies have faced intensifying competition from Taiwan, South Korea, and China. Major players like Sharp and Panasonic have already scaled down or completely exited the LCD panel business, leaving Japan Display Inc. (JDI) as one of the few remaining significant Japanese panel manufacturers.
While the financial terms of the deal remain undisclosed, the acquisition represents a strategic entry into the display sector for Juyi Investment which agreed to acquire a 34.6% stake in Giantplus. Founded in 2011, the Taiwanese firm has diverse interests spanning management consulting, trade, cultural projects, real estate, and hospitality.
For Toppan, this divestiture aligns with its broader strategic transformation. The company plans to reinvest in higher-margin, technology-driven opportunities that better align with its core strengths in printing, packaging, security, and emerging digital solutions.
