Japanese electronics and ceramics maker Kyocera Corp. and Goldman Sachs Group Inc. on Friday will announce plans to establish a private equity fund that will target unlisted high-tech startup companies in Japan, according to reports in the Thursday morning edition of the Nihon Keizai Shimbun and on Japanese public television station NHK.
The newspaper reported the size of the fund will be between 20 billion yen and 40 billion yen (between US$191.9 million and US$383.9 million).
The two companies have scheduled a Tokyo news conference for 4pm on Friday afternoon but have not revealed the subject.