Tokyo, October 2, 2017－Following the approval and resolution of Contract on the Absorption-type Company Split at the 71st Annual General Meeting of Shareholders held on June 27, 2017, Hitachi Maxell, Ltd. (TSE:6810) has transitioned to the holding company structure and has changed its company name to “Maxell Holdings, Ltd.” as of October 1, 2017.
Also, the Company informs that all the businesses excluding management control of group companies
and real estate have been succeeded by “Maxell, Ltd.”, which is wholly owned subsidiary of the
Company.
Along with the transition to the holding company structure, the Company concentrates to management
control of the whole group as holding company, and at the same time, by transferring rights of business
operation to operational companies, the Company aims to speed up of business operations by enhancement of group management and autonomy of business operations.
1. Profile of Maxell Holdings, Ltd.
| (1) | Name | Maxell Holdings, Ltd. |
| (2) | Address | 1 Koizumi, Oyamazaki, Oyamazaki-cho, Otokuni-gun, Kyoto, Japan
Taiyo Life Shinagawa Building 21F, 2-16-2 Konan, Minato-ku, Tokyo, Japan |
| (3) | Representative | Yoshihiro Senzai, Chairman and Representative Director
Yoshiharu Katsuta, President and Representative Director |
| (4) | Description of Business | Building of group business strategy and management control of operational companies |
| (5) | Capital | 12,203 million yen |
| (6) | Date of Establishment | September 3, 1960 |
| (7) | Numbers of Shares | issued 53,341,500 shares |
| (8) | End of Fiscal Year | March 31 |
2. Profile of Maxell, Ltd.
| (1) | Name | Maxell, Ltd. |
| (2) | Address | 1 Koizumi, Oyamazaki, Oyamazaki-cho, Otokuni-gun, Kyoto, Japan Taiyo Life Shinagawa Building 21F, 2-16-2 Konan, Minato-ku, Tokyo, Japan |
| (3) | Representative | Yoshiharu Katsuta, President and Representative Director |
| (4) | Description of Business | Production and Sales of Energy, Industrial Material and Electronic Appliance & Consumer Product |
| (5) | Capital | 5,000 million yen |
| (6) | Date of Establishment | April 25, 2017 |
| (7) | Numbers of Shares | issued 50,000 shares |
| (8) | End of Fiscal Year | March 31 |
