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.
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.
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.
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）