News Releases / 2018

HOME > News Releases 2018
  • November 22, 2018

    Rengo Subsidiary Hinode Shiki Kogyo Makes Hakata Danboru Co., Ltd. into a Subsidiary

    Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces that its consolidated subsidiary Hinode Shiki Kogyo Co., Ltd. (Head Office: Hioki-shi, Kagoshima Prefecture; President: Iwao Shiozaki) has acquired a 70% stake in Hakata Danboru Co., Ltd. (Umi-machi, Kasuya-gun, Fukuoka Prefecture), making it a subsidiary of Hinode Shiki Kogyo.
    Hakata Danboru manufactures and sells corrugated boxes and is a major manufacturer in Fukuoka Prefecture. For the purpose of strengthening its management base, it has recently asked that the Rengo Group make an equity investment in the company.
    Hinode Shiki Kogyo will strengthen its cooperation with Hakata Danboru in both sales and production, and will continue to expand the corrugated packaging business of Rengo Group companies in the Kyushu region.

    Overview of Hakata Danboru Co., Ltd.

    Head office location

    2447-12 Oaza Umi, Umi-machi, Kasuya-gun, Fukuoka Prefecture

    Representative President Koichi Katayama
    Capital 15 million yen

    Hinode Shiki Kogyo Co., Ltd. 70%

    Main business Manufacturing and sales of corrugated boxes
    Net sales 579 million yen (fiscal year ended January 2018)
    Number of employees 19

    Overview of Hinode Shiki Kogyo Co., Ltd.

    Head office location

    2158, Mugiuda, Ijuin-cho, Hioki-shi, Kagoshima Prefecture

    Representative President Iwao Shiozaki
    Capital 81 million yen

    Rengo Co., Ltd. 99.7%

    Main business Manufacturing and sales of corrugated board, boxes and folding cartons
    Net sales 14.366 billion yen (fiscal year ended March 2018)
    Number of employees 323