News Releases / 2015

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January 5, 2015

Rengo Reorganizes its Subsidiaries

Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, 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 Settsu Carton Co., Ltd. and Saito Shiki Co., Ltd.


Overview of Merger
1. Date of Merger (Effective date): April 1, 2015 (scheduled)
2.

Merger Procedure

In this absorption-type merger with Settsu Carton Co., Ltd. as the acquiring company, Saito Shiki Co., Ltd. will be dissolved. As two wholly owned subsidiaries will merge, no new shares will be issued and capital will not increase.

 

Overview of Settsu Carton Co., Ltd. (acquiring company)

Location 5-33 Higashiarioka, Itami-shi, Hyogo Prefecture
Representative

Toshio Niwa

Capital

400 million yen

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

41,817 million yen (For the year ended March 31, 2014)

Number of Employees 594

 

Overview of Saito Shiki Co., Ltd. (acquired company)

Location 138-11 Miizugahara, Kumagaya-shi, Saitama Prefecture
Representative

Haruo Koido

Capital

100 million yen

Shareholders

Rengo Co., Ltd. 100%

Main Business Sales of corrugated board and boxes
Net Sales

858 million yen (For the year ended March 31, 2014)

Number of Employees 8


2. Merger of Kyoei Danboru Co., Ltd. and Chuo Danboru Co., Ltd.


Overview of Merger
1. Date of Merger (Effective date): April 1, 2015 (scheduled)
2.

Merger Procedure

Kyoei Danboru Co., Ltd. will be the acquiring company of the merger, and Chuo Danboru Co., Ltd. will be dissolved. Kyoei Danboru will allocate 0.153 new shares for each share in Chuo Danboru, resulting in the issuing of 37,944 shares in Kyoei Danboru. Through this merger, Rengo will become the holder of 95.95% of the shares in Kyoei Danboru.

 

Overview of Kyoei Danboru Co., Ltd. (acquiring company)

Location 9239 Kumashiro, Toyooka-mura, Shimo Ina-Gun, Nagano Prefecture
Representative

Yukinobu Sato

Capital

40 million yen

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

639 million yen (For the year ended March 31, 2014)

Number of Employees 27


Overview of Chuo Danboru Co., Ltd. (acquired company)

Location 1056-10 Takeori, Takenami-cho, Ena-shi, Gifu Prefecture
Representative

Akinobu Tajimi

Capital

24 million yen

Shareholders

Rengo Co., Ltd. 87.42%

Main Business Manufacturing and sales of corrugated board
Net Sales

1,006 million yen (For the year ended March 31, 2014)

Number of Employees 26

 

Status after Merger (Tentative)

Trade name Kyoei Danboru Co., Ltd.
Location 9239 Kumashiro, Toyooka-mura, Shimo Ina-Gun, Nagano Prefecture
Representative

Akinobu Tajimi

Capital

40 million yen

Shareholders Rengo Co., Ltd. 95.95%
Main Business Manufacturing and sales of corrugated board and boxes