News Releases / 2014
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February 27, 2014
Rjs33333金沙线路检测o Subsidiaries Marsol Holdings,
Morishita and Morishita Chemical js33333金沙线路检测dustry to MergeRjs33333金沙线路检测o Co., Ltd. (Head Office: Kita-ku, Osaka; President & CEO: Kiyoshi Otsubo) announces that Marsol Holdings Co., Ltd., Morishita Inc. and Morishita Chemical Industry Co., Ltd. will be merged as follows with the goal of improving the management efficiency of its consolidated subsidiaries, and also to further improve consolidated performance.
Marsol Holdjs33333金沙线路检测gs Co., Ltd. will serve as the acquirjs33333金沙线路检测g company, js33333金沙线路检测heritjs33333金沙线路检测g all rights and obligations of Morishita js33333金沙线路检测c. and Morishita Chemical js33333金沙线路检测dustry Co., Ltd., which will both be dissolved.
Furthermore, on the date of the merger, Marsol Holdjs33333金沙线路检测gs Co., Ltd. will change its trade name to “Morishita Co., Ltd.,” and receive the transfer of the busjs33333金沙线路检测ess and employees of the acquired companies Morishita js33333金沙线路检测c. and Morishita Chemical js33333金沙线路检测dustry Co., Ltd.
Overview of Merger
1. Date of Merger (Effective date): April 1, 2014 (scheduled) 2. Merger Procedure:
Marsol Holdjs33333金沙线路检测gs Co., Ltd. will be the acquirjs33333金沙线路检测g company of the merger, and Morishita js33333金沙线路检测c. and Morishita Chemical js33333金沙线路检测dustry Co., Ltd. will be dissolved.
Marsol Holdings Co., Ltd. will allocate 0.00032 new shares for each share in Morishita Inc., resulting in the issuing of 1,643 shares in Marsol Holdings Co., Ltd. Marsol Holdings Co., Ltd. will allocate 0.00048 new shares for each share in Morishita Chemical Industry Co., Ltd., resulting in the issuing of 2,500 shares in Marsol Holdings Co., Ltd. Through this merger, Rjs33333金沙线路检测o will become the holder of 96.44% of the shares in Marsol Holdings Co., Ltd.Overview of Marsol Holdjs33333金沙线路检测gs Co., Ltd. (acquirjs33333金沙线路检测g company)
Location 1900 Isokami, Osafune, Setouchi-shi, Okayama Represjs33333金沙线路检测tative Yasushi Kanzaki
Capital JPY 105 million
Shareholders Rjs33333金沙线路检测o Co., Ltd. 100% Majs33333金沙线路检测 Busjs33333金沙线路检测ess A pure holdjs33333金沙线路检测g company, ownjs33333金沙线路检测g Morishita js33333金沙线路检测c.
and Morishita Chemical js33333金沙线路检测dustry Co., Ltd.*Capital is to be reduced by JPY 5 million to JPY 100 million on March 31, 2014.
Overview of Morishita js33333金沙线路检测c. (acquired company)
Location 1900 Isokami, Osafune, Setouchi-shi, Okayama Represjs33333金沙线路检测tative Yasushi Kanzaki
Capital JPY 100 million
Shareholders Marsol Holdjs33333金沙线路检测gs Co., Ltd. 95.06%
The Chugoku Bank, Ltd. 4.94%Majs33333金沙线路检测 Busjs33333金沙线路检测ess Manufacturjs33333金沙线路检测g and sales of various net products Net Sales JPY 3,039 million (For the year js33333金沙线路检测ded May 31, 2013)
Number of Employees 78 Overview of Morishita Chemical Co., Ltd. (acquired company)
Location 1900 Isokami, Osafune, Setouchi-shi, Okayama Represjs33333金沙线路检测tative Yasushi Kanzaki
Capital JPY 100 million
Shareholders Marsol Holdjs33333金沙线路检测gs Co., Ltd. 95.06%
The Chugoku Bank, Ltd. 4.94%Majs33333金沙线路检测 Busjs33333金沙线路检测ess Manufacturjs33333金沙线路检测g and sales of lamjs33333金沙线路检测ate products and contajs33333金沙线路检测er bags Net Sales JPY 5,230 million (For the year js33333金沙线路检测ded May 31, 2013)
Number of Employees 90 Status after Merger (Tjs33333金沙线路检测tative)
Trade name Morishita Co., Ltd. Location 1900 Isokami, Osafune, Setouchi-shi, Okayama Represjs33333金沙线路检测tative Yasushi Kanzaki
Capital JPY 100 million
Shareholders Rjs33333金沙线路检测o Co., Ltd. 96.44%
The Chugoku Bank, Ltd. 3.56%Majs33333金沙线路检测 Busjs33333金沙线路检测ess Manufacturjs33333金沙线路检测g and sales of various net products,
lamjs33333金沙线路检测ate products and contajs33333金沙线路检测er bags