Sumitomo : Transfers Shares in Sofuku Koki Co., Ltd.
March 12, 2017 at 10:59 pm EDT
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Sumitomo Corporation (Head office: Chuo-ku, Tokyo; President: Kuniharu Nakamura; 'Sumitomo') has agreed to transfer its shares in Sofuku Koki Co., Ltd. (Head office: Iga City, Mie Prefecture; President: Hiroaki Yoshioka; 'Sofuku Koki') to ALINCO INCORPORATED (Head office: Takatsuki City, Osaka Prefecture; President: Katsuhiro Oyama; 'ALINCO'), as the strategic partner of Sofuku Koki, and has signed a share transfer agreement.
Through this transfer and by smoothly advancing the transfer procedures step by step, Sumitomo expects to reinforce its cooperative relationship with ALINCO, as well as to achieve further business development and improvement of the corporate value of Sofuku Koki.
Profile of Sofuku Koki Co., Ltd.
Company name
：
Sofuku Koki Co., Ltd.
Head office:
：
2506-2, Aza Toriyagao, Hatta, Iga City, Mie Prefecture
Main business
：
Manufacture and sales of steel racks for logistics warehouses, steel floor materials
Paid-in capital
：
84 million yen
Shareholder composition
：
Sumitomo Corporation (100%)
Establishment
：
February 1967
Profile ofALINCO INCORPORATED
Company name
：
ALINCO INCORPORATED
Head office
：
1-1-1, Mishimae, Takatsuki City, Osaka Prefecture
Main business
：
Manufacture, sales and rental service of scaffolding equipment; manufacture and sales of household equipment and electronic products such as radio communication equipment
Sumitomo Corporation published this content on 07 March 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 March 2017 02:58:13 UTC.
Original documenthttp://www.sumitomocorp.co.jp/english/news/detail/id=29802
Public permalinkhttp://www.publicnow.com/view/8FC4C8C70DF0946F76987A1C0A8DFDDB5C9C6019
Sumitomo Corporation is a diversified group organized around 7 areas of activity:
- retail distribution of consumer goods (24.4% of net sales): food products, apparel and accessories, pharmaceuticals, building materials, household and decorative items, etc. The group is also developing a real estate business;
- trading of hydrocarbon, mining, chemicals and electronics products (24%): oil, natural gas, copper, gold, silver, zinc, lead, nickel, coal, iron ore, resins, pesticides, petrochemical products, etc.;
- trading of steel products and non ferrous metals (20%): flat and long steel products, tubular products, aluminum products, titanium, etc.;
- distribution of transportation and construction systems and equipments (15.1%): spatial equipments, landing fields, forest machines, motorcycles, mining operating vehicles, etc.;
- telecommunications and multimedia products and services supplies (8.8%): TV wiring, data communication solutions, film distribution services, mobile telephony, Internet access and computing services;
- development and implementation of civil engineering infrastructures (7.6%): power plants, wastewater treatment units, industrial plants, telecommunications centers, etc. The group is also providing logistics services;
- other (0.1%).
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