July 28, 2005
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Name of company: |
KAGA ELECTRONICS CO., LTD. |
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Stock code: |
8154 |
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Stock exchange listing: |
Tokyo Stock Exchange, First Section |
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Headquarters: |
2-2-9, Hongo, Bunkyo-ku, Tokyo |
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Representative |
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Title: |
Founder & CEO |
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Name: |
Isao Tsukamoto |
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Contact person |
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Title: |
Managing Director, Finance & Administration Headquarters |
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Name: |
Waichiro Shimoyama |
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Tel: |
+81-(0)3-4455-3111 |
Notice concerning a business alliance with Kashimura Company Limited,
including capital participation
KAGA ELECTRONICS CO., LTD. (Founder & CEO : Isao Tsukamoto, Headquarters : Bunkyo-ku,
Tokyo, Capital : 11,843 million yen) has agreed to enter into a business alliance with Kashimura
Company Limited, and resolved to draw up and conclude a basic agreement, based on the premise
that KAGA ELECTRONICS will obtain a majority of their stock, and to include the sending of a
director to Kashimura Company Limited, at a Meeting of the Board of Directors held on July 28,
2005, and thereby makes the following announcement.
1. Reason for business alliance including capital participation
As the said company, established in 1947, is a trading company specializing in cameras and
related products, this business alliance looks set to create a relationship where both parties
complement each other, between that company's network and know-how, and our group's IT
device distribution business, which is centered on PCs.
2. Company profile
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Name of company: |
Kashimura Company Limited |
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Headquarters: |
1-6-14, Kaji-cho, Chiyoda-ku, Tokyo |
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Date of establishment: |
November, 1947 |
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Capital: |
450 million yen |
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Representative |
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Title: |
Chief Executive Officer (C.E.O) |
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Name: |
Tomihiko Asada |
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Description of business |
Film / color paper, camera, optical equipment, audio-visual equipment, accessories for photograph and audio-visual equipment, office automation equipment, audio-visual educational equipment, measuring instruments, sale of visual-related software, design of the darkroom, design and construction of video conference room, video making, etc. |
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Fiscal year-end |
January 31 |
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Financial result of the previous fiscal year: |
As of January 31, 2005 |
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Net sales: 39,072 million yen |
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Total assets: 14,116 million yen |
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Number of employees: |
202 |
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Number of shares issued: |
8,630,000 shares (Unlisted company) |
3. Relationship with this company
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Capital relationship: |
No reportable information |
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Personal relationship: |
No reportable information |
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Business relationship: |
No reportable information |
4. Outlook
The effects of this alliance on the business of KAGA ELECTRONICS will be reported as soon
as a decision is made.