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  • September 3, 2018

    Rengo Completes Acquisition of Toppan Containers Shares

    Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces that, having advanced preparations for the acquisition of shares in Toppan Containers Co., Ltd. to make Toppan Containers a subsidiary of Rengo as detailed in our communication on March 2, 2018 (“Rengo Acquires Shares in Toppan Containers Co., Ltd.”) and receiving anti-monopoly law-related approval by the Fair Trade Commission of Japan and the Ministry of Commerce of the People’s Republic of China, Rengo completed the acquisition of 60% of the shares in Toppan Containers on September 3, 2018. At the same time, Toppan Containers’ trade name, head office location and its representative were changed, as set forth below.

    In future, Rengo will actively make capital investments in Rengo Toppan Containers’ three corrugated plants (Kawaguchi-shi in Saitama Prefecture, Sano-shi in Tochigi Prefecture and Ishinomaki-shi in Miyagi Prefecture) and will enhance the production capacity of corrugated packaging and further improve quality. In this way, the Rengo Group will expand its supply capacity of corrugated packaging in the Kanto region where demand for corrugated packaging is growing significantly, and will organize systems to more fully satisfy customers’ future needs.

    1. Overview of the Acquired Subsidiary (Before Investment by Rengo)

    (1) Name Toppan Containers Co., Ltd.
    (2) Location

    1-5-1 Taito, Taito-ku, Tokyo

    (3) Title and Name
      of Representative

    President and Representative Director: Takayuki Yamamoto
    (4) Main Business Manufacturing of corrugated board and boxes
    (5) Capital 1,000 million yen
    (6) Date of Establishment October 1, 1952
    (7) Shareholder Composition Toppan Printing Co., Ltd. 100%

    2. New Trade Name and Representative, etc.

    (1) Name Toppan Containers Co., Ltd.
    (2) Location

    2-32-1 Hachimangi, Kawaguchi-shi, Saitama Prefecture

    (location of Saitama Plant)

    (3) Title and Name
      of New Representative
    President and Representative Director: Taro Shiomi
    (4) Capital 3,200 million yen
    (5) Shareholder Composition Rengo 60.0%, Toppan Printing 40.0%

    3. Date of Change

    September 3, 2018

    4. Prospects

    The impact of the Acquisition of Shares on Rengo's consolidated financial results for the fiscal year ending March 31, 2019 is being examined, and will be announced as soon as it is finalized.