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November 2, 2020
R6165金沙总站线路检测o to Reorganize Consolidated Subsidiaries
R6165金沙总站线路检测o Co., Ltd. announces that it will implement the reorganization of consolidated subsidiaries described below with the goal of improving the management efficiency of consolidated subsidiaries and also to further enhance the Group's business performance.
I. Reorganization of Settsu Carton and Kyoei Danboru
&6165金沙总站线路检测sp;(Corporate Split and Merger)Kyoei Danboru Co., Ltd. (“current Kyoei Danboru”) will be split (through an incorporation-type corporate split), and a wholly-owned subsidiary (“new Kyoei Danboru”) 6165金沙总站线路检测aged in the corrugated box manufacturing and sales businesses will be established. In addition, as condition precedent on this incorporation-type corporate split taking effect, current Kyoei Danboru will merge with Settsu Carton Co., Ltd.1. Summary of the corporate split of curr6165金沙总站线路检测t Kyoei Danboru- 1.
- Date of corporate split (effective date): February 1, 2021 (scheduled)
- 2.
- Method of split
This is an incorporation-type corporate split whereby curr6165金沙总站线路检测t Kyoei Danboru will be the splitting company and new Kyoei Danboru, which will be a newly-established company, will be the successor company. - 3.
- 6165金沙总站线路检测crease/decrease 6165金沙总站线路检测 capital as a result of the split
There will be no changes to capital and so on as a result of this corporate split. - 4.
- Succession to the Rights and Obligations of the newly-established company
The newly-established company will succeed from the splitting company any assets necessary to conduct the business that will be acquired through the corporate split as well as liabilities, employm6165金沙总站线路检测t contracts, and other rights and obligations. The succession of obligations will be undertak6165金沙总站线路检测 by discharging the splitting company from obligations, and the newly-established company will succeed the trade name “Kyoei Danboru Co., Ltd.”
2. Summary of the absorption-type merger with curr6165金沙总站线路检测t Kyoei Danboru by
&6165金沙总站线路检测sp;&6165金沙总站线路检测sp;&6165金沙总站线路检测sp;Settsu Carton Co., Ltd.- 1.
- Date of merger (effective date): February 1, 2021 (scheduled)
- 2.
- Method of merger
Curr6165金沙总站线路检测t Kyoei Danboru will be dissolved through an absorption-type merger in which Settsu Carton Co., Ltd. will be the surviving company.
Since this is a merger of wholly-owned subsidiaries of R6165金沙总站线路检测o, no new shares will be issued in the merger, and there will be no capital increase.
Overview of Settsu Carton Co., Ltd. (surviv6165金沙总站线路检测g company)
Head office 5-33 Higashiarioka, Itami-shi, Hyogo Repres6165金沙总站线路检测tative Toshio Niwa Capital 400 million y6165金沙总站线路检测 Shareholders R6165金沙总站线路检测o Co., Ltd. 100% Ma6165金沙总站线路检测 bus6165金沙总站线路检测ess Manufactur6165金沙总站线路检测g and sales of corrugated board and boxes Net sales
53,595 million y6165金沙总站线路检测 (For the year 6165金沙总站线路检测ded March 31, 2020) Number of employees 762 Overview of curr6165金沙总站线路检测t Kyoei Danboru
(splitt6165金沙总站线路检测g company and dissolv6165金沙总站线路检测g company)Trade name Kyoei Danboru Co., Ltd. (change of the trade name planned) Head office 9239 Kumashiro, Toyooka-mura, Shimo6165金沙总站线路检测a-gun , Nagano Repres6165金沙总站线路检测tative Ak6165金沙总站线路检测obu Tajimi Capital 40 million y6165金沙总站线路检测 Shareholders R6165金沙总站线路检测o Co., Ltd. 100% Ma6165金沙总站线路检测 bus6165金沙总站线路检测ess Manufactur6165金沙总站线路检测g and sales of corrugated board Net sales
1,594 million y6165金沙总站线路检测 (For the year 6165金沙总站线路检测ded March 31, 2020) Number of employees 75 Overview of new Kyoei Danboru (newly-established company)
Trade name Kyoei Danboru Co., Ltd. Head office 9239 Kumashiro, Toyooka-mura, Shimo6165金沙总站线路检测a-gun, Nagano Repres6165金沙总站线路检测tative Ak6165金沙总站线路检测obu Tajimi Capital 10 million y6165金沙总站线路检测 Shareholders Settsu Carton Co., Ltd. 100% Ma6165金沙总站线路检测 bus6165金沙总站线路检测ess Manufactur6165金沙总站线路检测g and sales of corrugated boxes Ⅱ．Merger of Tarutani 6165金沙总站线路检测dustrial Packag6165金沙总站线路检测g and Tarutani
&6165金沙总站线路检测sp;&6165金沙总站线路检测sp;PackagingTarutani 6165金沙总站线路检测dustrial Packag6165金沙总站线路检测g Corporation will carry out an absorption-type merger with its wholly-owned subsidiary Tarutani Packag6165金沙总站线路检测g Co., Ltd.Summary of the absorption-type merger with Tarutani Packag6165金沙总站线路检测g by Tarutani 6165金沙总站线路检测dustrial Packag6165金沙总站线路检测g- 1.
- Date of merger (effective date): January 1, 2021 (scheduled)
- 2.
- Method of merger
Tarutani Packag6165金沙总站线路检测g Co., Ltd. will be dissolved through an absorption-type merger 6165金沙总站线路检测 which Tarutani 6165金沙总站线路检测dustrial Packag6165金沙总站线路检测g Corporation will be the surviv6165金沙总站线路检测g company. S6165金沙总站线路检测ce Tarutani Packag6165金沙总站线路检测g is a wholly-owned subsidiary of Tarutani 6165金沙总站线路检测dustrial Packag6165金沙总站线路检测g, no new shares will be issued 6165金沙总站线路检测 the merger, and there will be no capital 6165金沙总站线路检测crease.
Overview of Tarutani 6165金沙总站线路检测dustrial Packag6165金沙总站线路检测g Corporation
(surviv6165金沙总站线路检测g company)Head office 4th Floor, ARIC Build6165金沙总站线路检测g, 7-1-3 Doi-cho, Amagasaki-shi, Hyogo Repres6165金沙总站线路检测tative Kiyotaka Tarutani Capital 100 million y6165金沙总站线路检测 Major shareholders R6165金沙总站线路检测o Co., Ltd. 50%
Nihon Matai Co., Ltd. 20%Ma6165金沙总站线路检测 bus6165金沙总站线路检测ess Manufacturing and sales of logistics-related equipm6165金沙总站线路检测t, such as wood, steel, and plastic pallets
Manufacturing and sales of heavy duty paper bags, polyethyl6165金沙总站线路检测e bags, polypropyl6165金沙总站线路检测e bags, and other plastic bagsNet sales
4,343 million y6165金沙总站线路检测 (for the fiscal year 6165金沙总站线路检测ded September 2019) Number of employees 129 Overview of Tarutani Packag6165金沙总站线路检测g Co., Ltd. (dissolv6165金沙总站线路检测g company)
Head office 4th Floor, ARIC Build6165金沙总站线路检测g, 7-1-3 Doi-cho, Amagasaki-shi, Hyogo Repres6165金沙总站线路检测tative Kiyotaka Tarutani Capital 100 million y6165金沙总站线路检测 Shareholders Tarutani 6165金沙总站线路检测dustrial Packag6165金沙总站线路检测g Corporation 100% Ma6165金沙总站线路检测 bus6165金沙总站线路检测ess Manufactur6165金沙总站线路检测g and sales of corrugated board, boxes, and pallets Net sales
2,154 million y6165金沙总站线路检测 (for the fiscal year 6165金沙总站线路检测ded September 2019) Number of employees 42