Kanamoto : Sep 04, 2020Press ReleaseNotice of Capital Increase in Overseas Subsidiaries (Specified Subsidiary)

Notification of Capital Increase in Overseas Subsidiary

2020/09/04 in Japan | Page 1/1

Friday, September 4, 2020

FOR IMMEDIATE RELEASE

Kanamoto Co., Ltd.

Stock Code 9678

Tokyo Stock Exchange, 1st Section; Sapporo Stock Exchange

President and CEO	Tetsuo Kanamoto
Corporate Officer, Division Manager,
Administration Division, General
Manager, Public Relations Office	Shun Hirose
Telephone: [phone]

Notification of Capital Increase in Overseas Subsidiary (Specified Subsidiary)

Based on a resolution of its Board of Directors, Kanamoto Company Limited (the "Company") will take an allocation of new shares of Kanamoto Australia Holdings Pty Ltd (the "Subsidiary"), a Company subsidiary in Australia. Because the amount of the Subsidiary's capital stock as a result of this capital increase will be equivalent to more than 10% of Kanamoto's capital stock, the Subsidiary will correspond to a specific subsidiary of the Company.

1. Purpose of the capital increase

The funds from this capital increase will be used to acquire the shares of an Australian corporate group that is developing businesses in construction equipment rental, civil engineering and public works, specialized operator dispatching, and gas facility construction works in Australia. For details of this company acquisition, please refer to the "Notification Concerning Acquisition of Shares of Australian Corporate Group".

2. Profile of the Subsidiary

(1)	Name	Kanamoto Australia Holdings Pty Ltd
(2)	Location	Governor Macquarie Tower, 1 Farrer Place, Sydney NSW 2000 Australia
(3)	Representative	Tetsuo Kanamoto, Director (President and CEO of the Company)
(4)	Principal business	Asset management (holding company)
(5)	Established	August 31, 2020
(6)	Fiscal year-end	June 30
(7)	Capital before capital	AUD10,000
increase

3. Details of Capital Increase

(1)	Capital increase	AUD76,000,000
(2)	Completion date	September 2020
(3)	Capital after capital	AUD76,010,000
increase

1. Ownership interest after capital increase

Shareholder	Number of shares	Ownership ratio
Kanamoto Co., Ltd.	76,010,000 shares	100%

4. Effect on the Company's operating results

The effect of the acquisition on the Company's consolidated operating results for the fiscal year ending October 2020 is not material.

End