Skip to main content

TSUNEISHI HOLDINGS CORPORATION to merge with TSUNEISHI BUSINESS SERVICE CORPORATION

Press Release   •   Dec 05, 2015 08:00 GMT

TSUNEISHI HOLDINGS CORPORATION (“THD”) will absorb its consolidated subsidiary TSUNEISHI BUSINESS SERVICE CORPORATION (“TBS”) as of January 1, 2016.

1. Merger Objective
With this merger, we aim to strengthen our market competitiveness by reinforcing group governance and optimizing consolidated management while enhancing management independence of group operating companies.

2. Merger Method
THD will survive and TBS will dissolve in an absorption-type merger.
All operations and employees will be transferred from TBS to THD with this merger.
(A portion of employees are slated to be transferred to TSUNEISHI SHIPBUILDING due to some operations being transitioned to TSUNEISHI SHIPBUILDING)

3. Outline of the Two Companies Subject to the Merger
<Surviving Company>
Trade Name: TSUNEISHI HOLDINGS CORPORATION
Business: Pure holding company
Head office address: 1083, Tsuneishi, Numakuma-cho, Fukuyama city, Hiroshima
Founded: April 1942
Representative: Yasuharu Fushimi, Chairman and President
No. of employees: 27

<Merged Company>
Trade Name: TSUNEISHI BUSINESS SERVICE CORPORATION
Business: General affairs, HR, accounting, information systems, and temporary employee placement services 
Head office address: 1083, Tsuneishi, Numakuma-cho, Fukuyama city, Hiroshima
Founded: January 2008
Representative: Hidetada Kambara
No. of employees: 235

4. Outline of Surviving Company and Executive Structure (tentative)  
Trade Name: TSUNEISHI HOLDINGS CORPORATION
Business: Pure holding company
Founded: April 1942
Head office address: 1083, Tsuneishi, Numakuma-cho, Fukuyama city, Hiroshima
No. of employees: 240 (tentative)

- Executive Structure -
Chairman: Takao Kawamoto (Overall management)
President: Hirotatsu Kambara (Overall management)
Senior Managing Director: Hidetada Kambara (Overall management)
Senior Managing Director: Minako Suematsu (PR, information, HR, new business development)
Director: Tetsuhiro Tomata (Business management, finance, accounting, general affairs, legal)
Outside Director: Christopher Lafleur
Outside Director: Shunichi Fujii
Auditor: Katsushi Kono
Senior Executive Adviser: Yasuharu Fushimi

- Contact for inquiries regarding this matter -
TSUNEISHI HOLDINGS CORPORATION
CSV Division, Marketing Communication Dept.
Phone:  +81-84-987-4915

■ About TSUNEISHI HOLDINGS CORPORATION

Since its founding in 1903, the Tsuneishi Group has been globally active in the Philippines, China, and elsewhere in four business segments: shipbuilding, shipping, environment & energy, and services; with products and services that contribute to global economic development and provide jobs in local communities.
Chairman and President:Yasuharu Fushimi
Established:30th April 1942
Capital:100 million yen
Head office:1083 Tsuneishi, Numakuma-cho, Fukuyama City, Hiroshima Prefecture

Comments (0)

Add comment

Comment

Agree With Privacy Policy