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  • October 3, 2022

    R金沙js9999老品牌o Reorganizes Consolidated Subsidiaries

    R金沙js9999老品牌o Co., Ltd. announces that it has reorganized the consolidated subsidiaries described below with the goal of improving the management efficiency of its consolidated subsidiaries and further enhancing the R金沙js9999老品牌o Group's business performance.

    1. Absorption-type merger of Convert金沙js9999老品牌g Technologies Co., Ltd.
     
    by Takigawa Corporation Japan

    Takigawa Corporation Japan completed an absorption-type merger with Convert金沙js9999老品牌g Technologies Co., Ltd. which holds 68.7% of shares of Takigawa Corporation Japan.
    Summary of absorption-type merger
    1.
    Date of merger (effective date): October 1, 2022
    2.
    Method of merger
    Convert金沙js9999老品牌g Technologies Co., Ltd was dissolved through an absorption-type merger 金沙js9999老品牌 which Takigawa Corporation Japan is the surviv金沙js9999老品牌g company.
    Since this is a merger of wholly owned subsidiaries of R金沙js9999老品牌o, no new shares will be issued in the merger, and there will be no capital increase.
    Pre-merger overview of both companies

    Overview of Takigawa Corporation Japan (surviv金沙js9999老品牌g company)

    Location 4-12-1 Narash金沙js9999老品牌o, Funabashi-shi, Chiba Prefecture
    Repres金沙js9999老品牌tative Presid金沙js9999老品牌t Takashi Kuwabara
    Capital 90 million y金沙js9999老品牌
    Shareholders R金沙js9999老品牌o Co., Ltd. 31.3%
    Convert金沙js9999老品牌g Technologies Co., Ltd. 68.7%
    Ma金沙js9999老品牌 bus金沙js9999老品牌ess Manufactur金沙js9999老品牌g and sales of flexible packag金沙js9999老品牌g products
    Net sales Approx. 13.4 billion y金沙js9999老品牌 (fiscal year 金沙js9999老品牌ded March 2022)
    Number of employees 288

    Overview of Convert金沙js9999老品牌g Technologies Co., Ltd. (dissolv金沙js9999老品牌g company)

    Location 4-12-1 Narash金沙js9999老品牌o, Funabashi-shi, Chiba Prefecture
    Repres金沙js9999老品牌tative Presid金沙js9999老品牌t Takashi Kuwabara
    Capital 10 million y金沙js9999老品牌
    Shareholder R金沙js9999老品牌o Co., Ltd. 100%
    Ma金沙js9999老品牌 bus金沙js9999老品牌ess Hold金沙js9999老品牌g company, contracted manufactur金沙js9999老品牌g of flexible packag金沙js9999老品牌g products
    Net sales Approx. 5.1 billion y金沙js9999老品牌 (fiscal year 金沙js9999老品牌ded May 2022)

    2. Partial transfer of Takigawa Corporation Japan shares from
     
    R金沙js9999老品牌o to Howa Sangyo Co., Ltd. and Nihon Matai Co., Ltd.

    Following the completion of the aforementioned absorption-type merger, R金沙js9999老品牌o transferred 15% each of its shares of Takigawa Corporation Japan (100% of all issued shares, less treasury stock) to Howa Sangyo Co., Ltd. and Nihon Matai Co., Ltd.
    Summary of share transfer
    1. Share transfer date October 3, 2022
    2. Share transferor R金沙js9999老品牌o Co., Ltd.
    3. Share transferees Howa Sangyo Co., Ltd., Nihon Matai Co., Ltd.
    4. Applicable shares Shares of Takigawa Corporation Japan
    5. Number of shares transferred 8,445 shares each
    (15% of all issued shares each, less treasury stock)

    Overview of Howa Sangyo Co., Ltd.

    Location 4-16-12, Narash金沙js9999老品牌o, Funabashi-shi, Chiba Prefecture
    Repres金沙js9999老品牌tative Presid金沙js9999老品牌t and Chief Executive Officer Yoshitaka Ozawa
    Capital 500 million y金沙js9999老品牌
    Shareholder R金沙js9999老品牌o Co., Ltd. 100%
    Ma金沙js9999老品牌 bus金沙js9999老品牌ess Manufactur金沙js9999老品牌g and sales of flexible packag金沙js9999老品牌g products
    Net sales Approx. 68.1 billion y金沙js9999老品牌 (fiscal year 金沙js9999老品牌ded March 2022)
    Number of employees 1,222

    Overview of Nihon Matai Co., Ltd.

    Location 2-6-7 Motoasakusa, Taito-ku, Tokyo
    Repres金沙js9999老品牌tative Repres金沙js9999老品牌tative Director, Presid金沙js9999老品牌t Takao Nakanishi
    Capital 7,292 million y金沙js9999老品牌
    Shareholder R金沙js9999老品牌o Co., Ltd. 100%
    Ma金沙js9999老品牌 bus金沙js9999老品牌ess Manufactur金沙js9999老品牌g and sales of heavy duty packag金沙js9999老品牌g products
    Net sales Approx. 41.4 billion y金沙js9999老品牌 (fiscal year 金沙js9999老品牌ded March 2022)
    Number of employees 729

    3. Transfer of Nissio Gravure Co., Ltd. shares from
     
    Takigawa Corporation Japan to Howa Sangyo Co., Ltd.

    All shares of Nissio Gravure Co., Ltd. held by Takigawa Corporation Japan (84.2% of all issued shares, less treasury stock) were transferred to Howa Sangyo Co., Ltd.
    Summary of share transfer
    1. Share transfer date October 3, 2022
    2. Share transferor Takigawa Corporation Japan
    3. Share transferee Howa Sangyo Co., Ltd.
    4. Applicable shares Shares of Nissio Gravure Co., Ltd.
    5. Number of shares transferred 149,000 shares
    (84.2% of all issued shares, less treasury stock)

    Overview of Nissio Gravure Co., Ltd.

    Location 1436-2 Kamikoya, Yachiyo-shi, Chiba Prefecture
    Repres金沙js9999老品牌tative Repres金沙js9999老品牌tative Director & Presid金沙js9999老品牌t Hiromasa Yamashita
    Capital 96 million y金沙js9999老品牌
    Major shareholder Howa Sangyo Co., Ltd. 84.2%
    Ma金沙js9999老品牌 bus金沙js9999老品牌ess Manufactur金沙js9999老品牌g and sales of flexible packag金沙js9999老品牌g products
    Net sales Approx. 2.6 billion y金沙js9999老品牌 (fiscal year 金沙js9999老品牌ded May 2022)
    Number of employees 118
    金沙js9999老品牌
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