Notice of Establishment of Joint Holding Company (Share Transfer) by Three Domestic Harbor Transportation Subsidiaries of Kawasaki Kisen Kaisha, Ltd. and Partial Transfer of the Holding Company's Shares to Kamigumi Co., Ltd.

December 21, 2018
Kawasaki Kisen Kaisha, Ltd.
Kamigumi Co., Ltd.

 

Kawasaki Kisen Kaisha, Ltd. (Head office: Chiyoda-ku, Tokyo, President & CEO: Eizo Murakami, hereinafter “"K" Line”) and Kamigumi Co., Ltd. (Head office: Kobe City, Hyogo, President & COO: Yoshihiro Fukai, hereinafter “Kamigumi”) announce today that it was agreed that three domestic harbor transportation subsidiaries of “K” Line will establish a joint holding company that will become the wholly owning parent company of the three subsidiaries through the relevant share transfer, and assuming the approvals and licenses from the relevant authorities are granted and relevant procedures have been made, “K” Line will transfer 49% of the total shares of the holding company to Kamigumi.

 

1. Target Domestic Harbor Transportation Subsidiaries of “K” Line
   Daito Corporation, Nitto Total Logistics Ltd., SEAGATE CORPORATION (hereinafter referred to collectively as the "Three Target Companies"), which mainly engages in harbor transportation business in Japan.
    
2. Purpose
   We aim to further improve service quality by utilizing resources such as technology, knowledge and management resources that both companies have cultivated in harbor transportation business and domestic logistics business.
    
3. Schedule
   December 21, 2018 (Fri)　　　Execution of the Share Transfer Agreement between “K” Line and Kamigumi
   April 1, 2019 (Mon)    (Plan)    Establishment of new Holding Company and transfer of 49% of shares to Kamigumi
    
4. Outline of the Three Target Companies（as of March 31, 2018） 

 

Company Name	Daito Corporation	Nitto Total Logistics Ltd.	SEAGATE CORPORATION
Main Business	Harbor transportation, Warehousing, Harbor tugboat service, Custom brokerage, Freight forwarding, etc.	Harbor transportation, Warehousing, Harbor tugboat service, Custom brokerage, Freight forwarding, etc.	Harbor transportation, Warehousing, Harbor tugboat service, Custom brokerage, Freight forwarding, etc.
Date Established	September 3, 1934	March 8, 1943	December 7, 1956
Location of Head Office	2-1-13, Shibaura, Minato-Ku, Tokyo	4-6, Minatojima, Chuo-ku, Kobe	2-22-37, Dejima, Minami-ku, Hiroshima
Representative	Kazuhiro Matsukawa	Mitsuru Kochi	Hiroshi Nishiyama
Capital	843 million yen	1,596 million yen	270 million yen
Settlement Term	End of March	End of March	End of March
Shareholder and Share Ownership Ratio	Kawasaki Kisen Kaisha, Ltd. 100%	Kawasaki Kisen Kaisha, Ltd. 100%	Kawasaki Kisen Kaisha, Ltd. 100%
Number of Employees	414	277	265
(10) Sales	24.2 billion yen	15.1 billion yen	7.5 billion yen