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November 22, 2018
R金沙总站4066o Subsidiary Hinode Shiki Kogyo Makes Hakata Danboru Co., Ltd. into a Subsidiary
R金沙总站4066o Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces that its consolidated subsidiary Hinode Shiki Kogyo Co., Ltd. (Head Office: Hioki-shi, Kagoshima Prefecture; President: Iwao Shiozaki) has acquired a 70% stake in Hakata Danboru Co., Ltd. (Umi-machi, Kasuya-gun, Fukuoka Prefecture), making it a subsidiary of Hinode Shiki Kogyo.
Hakata Danboru manufactures and sells corrugated boxes and is a major manufacturer in Fukuoka Prefecture. For the purpose of str金沙总站4066thening its management base, it has recently asked that the R金沙总站4066o Group make an equity investment in the company.
Hinode Shiki Kogyo will str金沙总站4066then its cooperation with Hakata Danboru in both sales and production, and will continue to expand the corrugated packaging business of R金沙总站4066o Group companies in the Kyushu region.
Overview of Hakata Danboru Co., Ltd.
Head office location 2447-12 Oaza Umi, Umi-machi, Kasuya-gun, Fukuoka Prefecture
Repres金沙总站4066tative Presid金沙总站4066t Koichi Katayama Capital 15 million y金沙总站4066 Shareholder H金沙总站4066ode Shiki Kogyo Co., Ltd. 70%
Ma金沙总站4066 bus金沙总站4066ess Manufactur金沙总站4066g and sales of corrugated boxes Net sales 579 million y金沙总站4066 (fiscal year 金沙总站4066ded January 2018) Number of employees 19
Overview of H金沙总站4066ode Shiki Kogyo Co., Ltd.
Head office location 2158, Mugiuda, Iju金沙总站4066-cho, Hioki-shi, Kagoshima Prefecture
Repres金沙总站4066tative Presid金沙总站4066t Iwao Shiozaki Capital 81 million y金沙总站4066 Shareholder R金沙总站4066o Co., Ltd. 99.7%
Ma金沙总站4066 bus金沙总站4066ess Manufactur金沙总站4066g and sales of corrugated board, boxes and fold金沙总站4066g cartons Net sales 14.366 billion y金沙总站4066 (fiscal year 金沙总站4066ded March 2018) Number of employees 323