News Releases / 2024
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February 7, 2024
Rengo Reorganizes Consolidated Subsidiaries
Rengo Co., Ltd. announces that it has reorganized the consolidated subsidiaries described below with the goal of improving the management efficiency of its consolidated subsidiaries and further enhancing the Rengo Group's business performance.1. Merger of Yamato Shiki Co., Ltd. and Nitto Shiki Kogyo Co., Ltd.
Summary of merger- (1)
- Date of merger (effective date): April 1, 2024 (planned)
- (2)
- Method of merger
Nitto Shiki Kogyo., Ltd. will be dissolved through an absorption-type merger in which Yamato Shiki Co., Ltd. is the surviving company.
Overview of merging companiesOverview of Yamato Shiki Co., Ltd. (surviving company)
Location 1-5 Nishigawarakita-machi, Ibaraki-shi, Osaka Representative President Hideshi Kubota Capital JPY 806 million Shareholder Rengo Co., Ltd. 95.28%
Rengo Logistics Co., Ltd. 4.72%Main business Manufacturing and sales of corrugated board and cartons
Manufacturing and sales of decorative cartons
Manufacturing and sales of fiber containers and related ProductsNet sales
JPY 36.771 billion (fiscal year ended March 2023) Number of employees 469 Overview of Nitto Shiki Kogyo., Ltd. (dissolving company)
Location 2-9-13 Kozen, Ikaruga-cho, Ikoma-gun, Nara Prefecture Representative President Hiroyuki Kinoda Capital JPY 30 million Shareholder Rengo Co., Ltd. 100% Main business Manufacturing and sales of corrugated board and cartons Net sales JPY 1.993 billion(fiscal year ended March 2023) Number of employees 54
2. Merger of Matai Shiko Co., Ltd. and Tachikawa Danboru Kogyo Co., Ltd.
Both companies are subsidiaries of Nihon Matai Co., Ltd., Rengo's consolidated subsidiary, and Matai Shiko Co., Ltd. will merge with Tachikawa Danboru Kogyo Co., Ltd. through an absorption-type merger.Summary of merger- (1)
- Date of merger (effective date): April 1, 2024 (planned)
- (2)
- Method of merger
Tachikawa Danboru Kogyo Co., Ltd. will be dissolved through an absorption-type merger in which Matai Shiko Co., Ltd. is the surviving company.
Overview of merging companiesOverview of Matai Shiko Co., Ltd. (surviving company)
Location 2-6-7 Motoasakusa, Taito-ku, Tokyo Representative President Fumio Kabe Capital JPY 343 million Shareholder Nihon Matai Co., Ltd. 75.00%
Rengo Co., Ltd. 15.00%
Marusan Paper Mfg. Co., Ltd. 10.00%Main business Manufacturing and sales of corrugated board and cartons
Manufacturing and sales of kraft paper bagsNet sales
JPY 6.428 billion (fiscal year ended March 2023) Number of employees 120 Overview of Tachikawa Danboru Kogyo Co., Ltd. (dissolving company)
Location 2-6-7 Motoasakusa, Taito-ku, Tokyo Representative President Fumio Kabe Capital JPY 10 million Shareholder Nihon Matai Co., Ltd. 100% Main business Manufacturing and sales of corrugated board, cartons, and corrugated pallets
Procurement and sales of packaging materialsNet sales
JPY 3.342 billion (fiscal year ended March 2023) Number of employees 30