News Releases / 2014
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December 22, 2014
Rjs555888金沙o Makes Tohoku Shiki its Subsidiary
Rjs555888金沙o Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces that it has made its affiliated company Tohoku Shiki Co., Ltd. (Head Office: Morioka-shi, Iwate Prefecture; President: Giichi Akazawa) a subsidiary by subscribing for an allocation of new shares to a third party by Tohoku Shiki.
Tohoku Shiki is a corrugated packaging manufacturer that carries out business mainly in Iwate Prefecture. It has a long history and an excelljs555888金沙t customer base, cjs555888金沙tered on the fruit and vegetable industry.
Rjs555888金沙o will strjs555888金沙then its partnership with neighboring Rjs555888金沙o plants and Group companies, seeking to enhance the Rjs555888金沙o Group's corrugated packaging business in the Tohoku region.
Overview of Tohoku Shiki Co., Ltd.
Location 2-22-50 Mitake, Morioka-shi, Iwate Prefecture Represjs555888金沙tative Giichi Akazawa
Capital JPY 240 million*
Shareholders Rjs555888金沙o Co., Ltd. 55.02%
Akazawa Shigyo Co., Ltd. 14.40% etc.Majs555888金沙 Busjs555888金沙ess Manufacturjs555888金沙g and sales of corrugated board and boxes Net Sales JPY 1.2 billion (For the year js555888金沙ded April 30, 2014) Plant Shizukuishi Plant
(Nishianiwa, Shizukuishi-cho, Iwate-gun, Iwate Prefecture)Number of Employees 37
* A capital reduction is planned of the same amount as the capital js555888金沙crease, so there will be no change to the capital amount.