March 17, 2021
Company Name Representative NameTakamatsu Construction Group Co.,Ltd. Representative Director and President Nobuhiko Yoshitake
Securities Code 1762
Contact
First section of the Tokyo Stock Exchange Managing Officer
Masahiro Shimabayashi
（TEL +81－3－3455－8108）
Notice of Change in Sub-subsidiary (Share Assignment)
Asunaro Aoki Construction Co., Ltd. ("AA") is a consolidated subsidiary of Takamatsu Construction Group Co., Ltd. ("TCG"), today announced that all of the issued shares of Niigata Mirai Co.,Ltd. ("NM") that is a subsidiary of AA, will be assigned by HONMA ROAD Corporation ("Honma"). We have entered into a share Assignment agreement with Honma as follows.
Notes
１．Reason of Share Assignment
NM was established in June 2011 as a spin-off of the Niigata sales office of MIRAI CONSTRUCTION CO., LTD. that is a sub-subsidiary of TCG, which had been operating a paving business mainly in the Yuzawa area of Niigata Prefecture, in order to expand its business as a community-based local company.
Since its establishment, NM had been posting small but stable earnings. However, TCG and AA decided that the best option for NM's sustainable development would be to become a subsidiary of a company with a strong management base in Niigata Prefecture, and thus decided to transfer all shares of NM to Honma.
２．Overview of the sub-subsidiary to be transferred.
（１）Trade name | Niigata Mirai Co.,Ltd. | ||
（２）Location | 224, Oaza-Yuzawa, Yuzawa-machi, Minamiuonuma-gun, Niigata Prefecture | ||
（３）Representative | Representative Director and President Yoshio Asaga | ||
（４）Business Description | Construction and management of paving and civil engineering work, Manufacture and sale of paving materials, Collection and transportation of industrial waste. | ||
（５）Date of establishment | June 2011. | ||
（６）Capital | 20million Yen | ||
（７）Relationship between TCG and NM | capital ties | AA owns all the shares. | |
personal relations | No applicable items. | ||
Business Relationship | AA is cooperating with NM on civil engineering projects. | ||
（８）Operating results and financial position of NM for the past three years (million yen) | |||
Finalization Period | FY ended Mar.31,2018 | FY ended Mar.31,2019 | FY ended Mar.31,2020 |
Net sales | 612 | 771 | 831 |
Operating profit | 67 | 55 | 32 |
Profit | 37 | 37 | 22 |
Net assets | 150 | 170 | 174 |
Assets | 256 | 282 | 279 |
３．Overview of the partner of the Share Assignment.
（１）Trade name | HONMA ROAD Corporation | |
（２）Location | 1-5-1 Yanagishima-cho, Chuo-ku, Niigata City, Niigata Prefecture | |
（３）Representative | Representative Director and President Ryozo Watanabe | |
（４）Business Description | Various road paving works, Ancillary construction of buildings and sports facilities, Manufacture and sale of asphalt mixtures | |
（５）Date of establishment | April 1991 | |
（６）Capital | 100million Yen | |
（７）Shareholder | HONMA Corporation owns all the shares. | |
（８）Relationship between TCG and Honma | capital ties | No applicable items. |
personal relations | No applicable items. | |
Business Relationship | No applicable items. |
４．Overview of the subsidiary.
（１）Trade name | Asunaro Aoki Construction Co., Ltd. | |
（２）Location | Kanda-Mitoshirocho-1, Chiyoda-ku, Tokyo | |
（３）Representative | Representative Director and President Yasushi Tsujii | |
（４）Business Description | Construction, Architecture, Engineering and Property Services | |
（５）Date of establishment | September 1950 | |
（６）Capital | 5,000 million Yen | |
（７）Shareholder | TCG owns all the shares. | |
（８）Relationship between TCG and AA | capital ties | TCG owns all the shares. |
personal relations | TCG's directors concurrently serve as directors, and its auditor concurrently serve as auditor. | |
Business Relationship | TCG has awarded a construction project to AA. |
５．Number of shares to be Assigned, Assignment price, and status of shares owned before and after the
Assignment.
（１）Number of shares held before the change | 200 shares |
（２）Number of shares to be assigned | 200 shares |
（３）Assignment value | This information is not disclosed due to confidentiality obligations between the parties. |
（４）Number of shares held after the assignment | 0 shares |
６．Schedule
（１）Date of conclusion of share assign agreement | March 17, 2021 |
（２）Execution date of share assignment | March 31, 2021 |
７．Outlook for the future
The impact of this share assignment on TCG's consolidated business results and consolidated financial position will be minimal.