News Releases / 2011

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  • April 27, 2011

    Rengo Makes Sakaiminato Gyokan its Subsidiary

    Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; President & CEO: Kiyoshi Otsubo) announces that it recently acquired additional shares of its affiliate Sakaiminato Gyokan Co., Ltd. (Head Office: Sakaiminato-shi, Tottori Prefecture; President: Koichiro Kawamoto) and a controlling interest, making Sakaiminato Gyokan a subsidiary.  As a result of the acquisition, Rengo's holdings in Sakaiminato Gyokan increased from 41.8% to 76.3%.

    Sakaiminato Gyokan is a box producer that manufactures and sells corrugated boxes and sells packaging for marine products.  The company's business, centered in Sakaiminato-shi, Tottori Prefecture, has maintained stable financial performance.

    Going forward, Rengo will further strengthen its ties with directly managed plants and group companies in the region to expand its corrugated packaging business in the Sanin district.


    Overview of Sakaiminato Gyokan Co., Ltd.


    12-5 Showa-machi, Sakaiminato-shi, Tottori Prefecture


    Koichiro Kawamoto (President, member of the Board)

    Capital 49 million yen
    Major shareholders

    Rengo 76.3%
    Hokuyo Reizo Co., Ltd. 11.2%
    Sakaiminato Uoichiba Co., Ltd. 10.2%

    Main Business

    Manufacture and sales of corrugated boxes
    Procurement and sales of marine products packaging

    Net Sales 1.4 billion yen (fiscal year ended March 31, 2011)
    Number of Employees 46