TSUNEISHI HOLDINGS CORPORATION to merge with TSUNEISHI BUSINESS SERVICE CORPORATION

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