March 11, 2022 | |
To All | |
Company Name | Frontier Management Inc. |
Representative | Shoichiro Onishi, |
Co-President & Executive Officer | |
(TSE First Section Code No. 7038) | |
Contact | Hiroaki Hamada, |
Executive Officer, Head of Company | |
Planning and Administration Department | |
(TEL．+81-3-6862-8335) |
(Progress of Disclosure Items) Notice of Establishment of Subsidiaries and Starting of New Businesses
At a meeting of the Board of Directors held on March 11, 2022, Frontier Management Inc. (hereafter the "FMI") announced that the Company's name, representative, capital stock, date of establishment, fiscal year-end, major shareholder and shareholding ratio related to the establishment of a subsidiary, which was announced on February 10, 2022, were resolved as follows.
1.Overview of newly established subsidiaries
※Underlines are drawn on the changes.
Before change (disclosed on February 10, 2022)
(1) | Name | Frontier Capital Co., Ltd. (tentative name) | ||
(2) | Address | 3-2-1, Roppongi, Minato-ku, Tokyo | ||
(3) | Job Title/Name of | Shoichiro Onishi Representative Director | ||
Representative | Masahiro Matsuoka Representative Director | |||
(4) | Description of | Investment business involving the dispatch of management personnel | ||
Businesses | ||||
Undecided | ||||
(Note 1) Although FMI plan to invest a total of approximately JPY 1 billion, the amount | ||||
(5) | Paid-in Capital | to be included in capital has not been determined. | ||
(Note 2) FMI plan to raise funds totaling 20 billion yen from financial institutions, | ||||
operating companies, etc. that have agreed with the purpose of establishing a new | ||||
subsidiary, but the amount to be included in capital has not been determined. | ||||
(6) | Date of Incorporation | April 1, 2022 (planned) | ||
(7) | Fiscal year end | December 31 (planned) | ||
Major shareholders | FMI (percentage of voting rights is undecided, but FMI hold a majority). | |||
(NOTE)FMI plan to issue common stock or class shares to financial institutions and | ||||
(8) | and percentage of | |||
operating companies | that have agreed with the purpose of establishing a new | |||
shares | ||||
subsidiary. | ||||
Listed companies and | Capital relationship | Subsidiary of FMI | ||
(9) | the companies | Personnel | Shoichiro Onishi and Masahiro Matsuoka, Representative | |
concerned | Directors of FMI, will also serve as Representative Directors of | |||
relationship | ||||
Relationship with | the relevant companies. | |||
Business | There is no business relationship with FMI because newly | ||||
relationship | established subsidiaries have not commenced operations. | ||||
After the change (disclosed on March 11, 2022) | |||||
(1) | Name | Frontier Capital Inc. | |||
(2) | Address | 3-2-1, Roppongi, Minato-ku, Tokyo | |||
Job Title/Name of | Shoichiro Onishi Representative Director & Co-President | ||||
(3) | Mohiro Matsuoka Representative Director & Co-President | ||||
Representative | |||||
Yasuo Horikoshi Representative Director and Senior Managing Director | |||||
(4) | Description of | Investment business involving the dispatch of management personnel | |||
Businesses | |||||
500 million yen | |||||
(Note 1) FMI will invest a total of 1 billion yen, with 500 million yen as common stock | |||||
(5) | Paid-in Capital | and 500 million yen as additional paid-in capital. | |||
(Note 2) FMI plan to raise funds totaling 20 billion yen from financial institutions, | |||||
operating companies, etc. that have agreed with the purpose of establishing a new | |||||
subsidiary, but the amount to be included in capital has not been determined. | |||||
(6) | Date of Incorporation | April 1, 2022 | |||
(7) | Fiscal year end | December 31 | |||
Major shareholders | FMI 100% (at the time of establishment) | ||||
(NOTE) FMI plan to issue common stock or class shares to financial institutions and | |||||
(8) | and percentage of | ||||
operating companies | that have agreed with the purpose of establishing a new | ||||
shares | |||||
subsidiary, but FMI hold a majority of the voting rights. | |||||
Capital relationship | Subsidiary of FMI | ||||
Listed companies and | Personnel | Shoichiro Onishi and Masahiro Matsuoka, Representative | |||
the companies | Directors of FMI, will also serve as Representative Directors of | ||||
(9) | relationship | ||||
concerned | the relevant companies. | ||||
Relationship with | Business | There is no business relationship with FMI because newly | |||
relationship | established subsidiaries have not commenced operations. |