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March 7, 2012

Capital Participation in Yoshikawa Shigyo

Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; President & CEO: Kiyoshi Otsubo) announces that it has recently acquired 85.8% of shares issued by Yoshikawa Shigyo Co., Ltd. (Head Office: Date-gun, Fukushima Prefecture; President: Shunji Ogawa), making it a subsidiary of Rengo (a wholly-owned subsidiary from April 2012) .

Yoshikawa Shigyo, which carries out business mainly in the north part of Fukushima Prefecture, has a long history as a prominent manufacturer of corrugated boxes. Rengo is dispatching executives to Yoshikawa Shigyo and working to strengthen the competitiveness of the company’s corrugated business. Rengo is also aiming for the further enhancement of the corrugated packaging business of the Rengo Group in the Tohoku region through collaboration with neighboring Rengo plants and its group companies.


Overview of Yoshikawa Shigyo

Head Office location

2 Narita Motojuku, Koori-machi, Date-gun, Fukushima Prefecture, Japan


Shunji Ogawa


JPY 70 million


Rengo Co., Ltd. (85.8%)
Tomomichi Yoshikawa (14.2%)

Main business Manufacturing and sales of corrugated boxes, single-faced corrugated board, and folding cartons; sales of various types of packaging machines and materials
Net sales JPY 2,500 million (fiscal year ended March 31, 2011)

Head Office Plant
(2 Narita Motojuku, Koori-machi, Date-gun, Fukushima Prefecture, Japan)
Koriyama Plant
(283 Nagura Koriyama-shi, Fukushima Prefecture, Japan)

Number of employees 69