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Changes in Subsidiaries

Date
31 Jan 2008

 

1.  Content of implementation

Merge three of 100 per cent subsidiaries of the Company, NSG Kanto Co., Ltd., NSG Tokai Co., Ltd. and NSG Kansai Co., Ltd. into a single company. As a consequence of this transaction, the sales of the surviving company ( NSG Kanto Co., Ltd. ) after merger will be more than 10 % of the purchase of the Company and the surviving company will be classified as a designated subsidiary per Article 19. of Cabinet Order for corporate information disclosure.

2.  Date of implementation

1st April 2008.

3.  Purpose of merger

To centralize the management of manufacturing and order entry, as well as to reduce overhead costs, to meet increasing requirements to enhance the competitiveness in the quality, price and timely delivery of insulated, laminated and tempered value-added building glass products.

4. Outline of the new company

(1) Name

To be decided

(2) Share capital

50 mil JPY

(3) Name of representative

To be decided.

(4) Shareholder

NSG (100 per cent)

(5) Number of employees

Around 720

(6) Headquarters

Ichihara city, Chiba Prefecture

(7) Surviving company

NSG Kanto Co., Ltd.

(8) Business description

 

Fabrication of insulated, laminated and tempered value-added building glass products.



5.  Outline of the subsidiaries involved

NSG Kanto Co., Ltd.

Share capital

50 mil JPY

Name of representative

Shigeki Mori

Number of employees

Around 430

Headquarters

Ichihara city, Chiba Prefecture

Business description

Fabrication of insulated, laminated and tempered value-added building glass products.

NSG Tokai Co., Ltd.

Share capital

50 mil JPY

Name of representative

Satoshi Honda

Number of employees

Around 90

Headquarters

Nagoya city, Aichi Prefecture

Business description

Fabrication of insulated, laminated and tempered value-added building glass products.

 

6. The impact on the operating result

The impact of this merger on the Company's consolidated and non-consolidated results is not material