News Releases / 2012

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June 25, 2012

Rengo Reorganizes its Subsidiaries

Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; President & CEO: Kiyoshi Otsubo) announces that it will carry out the following two mergers with the goal of improving the management efficiency of its consolidated subsidiaries, and also to further improve consolidated performance.

 

1. Merger of Kyowa Shigyo Co., Ltd. and Hokkaido Hoso Shizai Co., Ltd.

Overview of Merger
1. Date of Merger (Effective date): October 1, 2012 (scheduled)
2.

Merger Procedure

Kyowa Shigyo will be the acquiring company of the merger, and Hokkaido Hoso Shizai will be dissolved. Kyowa Shigyo will allocate 3.48 new shares for each share in Hokkaido Hoso Shizai, resulting in the issuing of 626,400 shares in Kyowa Shigyo. Through this merger, Rengo will become the holder of 86.75% of the shares in Kyowa Shigyo.

 

Overview of Kyowa Shigyo Co., Ltd. (acquiring company)

Location 3-503-8 Zenibako, Otaru-shi, Hokkaido
Representative

Mitsuhiro Morizane

Capital

77.5 million yen

Major Shareholders Rengo Co., Ltd.77.40%
Main Business Manufacturing and sales of corrugated boxes and folding cartons
Net Sales

1,715 million yen (For the year ended August 31, 2011)

Number of Employees 64

 

Overview of Hoso Shizai Co., Ltd. (acquired company)

Location 26-2-18 Kitanijo Nishi, Chuo-ku, Sapporo-shi, Hokkaido
Representative

Mikio Hashiya

Capital

10 million yen

Major Shareholders Rengo Co., Ltd.97.20%
Main Business Manufacturing and sales of corrugated boxes
Net Sales

1,244 million yen (For the year ended March 31, 2012)

Number of Employees 32

 

 

2. Merger of Hinode Shiki Kogyo Co., Ltd. and Taiko Seikan Co., Ltd.

Overview of Merger
1. Date of Merger (Effective date): October 1, 2012 (scheduled)
2.

Merger Procedure

Hinode Shiki Kogyo will be the acquiring company of the merger, and Taiko Seikan will be dissolved. Hinode Shiki Kogyo will allocate 0.05 new shares for each share in Taiko Seikan, resulting in the issuing of 11,375 shares in Hinode Shiki Kogyo. Through this merger, Rengo will become the holder of 99.68% of the shares in Hinode Shiki Kogyo.

 

 

Overview of Hinode Shiki Kogyo Co., Ltd. (acquiring company)

Location 2158 Mugiuda, Ijuin-cho, Hioki-shi, Kagoshima
Representative

Tetsuro Fujita

Capital

81.2 million yen

Major Shareholders Rengo Co., Ltd.99.67%
Main Business Manufacturing and sales of corrugated board, boxes,
and folding cartons
Net Sales

13,342 million yen (For the year ended March 31, 2012)

Number of Employees 374

 

Overview of Taiko Seikan Co., Ltd. (acquired company)

Location 2-8-12 Yamato-machi, Shimonoseki-shi, Yamaguchi
Representative

Hideki Washio

Capital

130 million yen

Major Shareholders Rengo Co., Ltd.100%
Main Business Manufacturing and sales of corrugated board, boxes,
and folding cartons
Net Sales

1,334 million yen (For the year ended March 31, 2012)

Number of Employees 63