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 cartonsNet 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 cartonsNet Sales 1,334 million yen (For the year ended March 31, 2012)
Number of Employees 63