Disclaimer
This document is an English translation of the original Japanese version and provided solely for the purpose of the reader's convenience. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail in all respects.
July 1, 2022
To whom it may concern
Company Name: | ASKUL Corporation |
(Code No.: 2678, Tokyo Stock Exchange Prime Market) | |
Representative: | Akira Yoshioka |
President and Chief Executive Officer | |
Contact Person: | Tsuguhiro Tamai |
Director and Chief Financial Officer | |
Phone: +81-3-4330-5130 |
Notice Regarding Start of Preparation for the Initial Public Offering of
AlphaPurchase Co., Ltd., Consolidated Subsidiary
ASKUL Corporation (the "Company") hereby announces that at the meeting of the Board of Directors held today, it has resolved to begin preparation for the listing of shares of AlphaPurchase Co., Ltd. ("Alpha Purchase"), a consolidated subsidiary of the Company.
After listing, the Company plans to maintain shareholding ratio of AlphaPurchase as a consolidated subsidiary while further respecting its independence. The Company will pursue further synergies by leveraging the differing strengths of the two companies to benefit the minority shareholders of both companies, thereby increasing the corporate value of the entire Group.
Details such as the timing of the listing have not yet been determined, and there is possibility that the stock will not be listed depending on the results of our deliberations during the preparatory process for listing.
Going forward, the Company will promptly disclose any events that require disclosure, including the impact of AlphaPurchase's stock listing on the Group's business performance.
Overview of AlphaPurchase Co., Ltd. (as of December 31, 2021)
(1) | Company Name | AlphaPurchase Co., Ltd. |
(2) | Head Office | Mita Kokusai Building, 1-4-28, Mita, Minato-ku, Tokyo |
(3) | Representative | President and CEO Masayuki Tada |
(4) | Main Business | Sales of MRO* merchandise and facility management business |
(5) | Shareholders' Equity | 50,000,000 yen |
(6) | Date of Incorporation | November 1, 2010 |
(7) | Number of shares outstanding | 16,492 shares |
(8) | Fiscal Year | December 31 |
(9) | Major Shareholders and | ASKUL Corporation (84.22%) |
Percentage Held | ||
*NOTE: Abbreviation for Maintenance, Repair and Operations, which refers to all indirect materials such as consumables and repair goods used at plants, construction sites, warehouses, etc.