T&D : Notice Regarding the Establishment of a Strategic Investment Subsidiary
June 03, 2019 at 02:49 am EDT
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June 3, 2019
T&D Holdings, Inc.
Hirohisa Uehara, President
(Security Code: 8795, TSE First Section)
Notice Regarding the Establishment of a Strategic Investment Subsidiary
T&D Holdings, Inc. (the "Company", President: Hirohisa Uehara) of the T&D Insurance Group (the "Group") hereby announces that its Board of Directors has resolved at its meeting held on May 31, 2019, the establishment of a wholly owned investment subsidiary, subject to approval of relevant authorities, as follows:
1. Overview of the investment subsidiary
Company Name
T&D United Capital Co., Ltd.
Location of
7-1, Nihonbashi 2-chome,Chuo-ku, Tokyo, Japan
Headquarters
Title and name of
Representative Director and President Chikahiro Tsuboi
the representative
1. Principal investment
Type of Business
2. Investment Management (administration)
3. Other businesses associated with the above
Capital stock
¥ 50 million
Shareholding and
100% owned by T&D Holdings, Inc.
Investment ratio
Closing date
March 31
Scheduled opening date
July 1, 2019
2. Purpose of the establishment of the strategic investment subsidiary
The Company positions business portfolio diversification along with strengthening its core businesses as one of pillars of growth in its New Medium-Term Management Plan (FY2019-FY2021) and plans to work on diversifying revenue sources through strategic investments, which are investments into business areas expected to have an affinity with life insurance business.
The Company establishes the subsidiary which will build up an effective and efficient investment process as a strategic initiative of the Group and, through that, pursues sustainable profit growth of the Group.
T&D Holdings Inc. published this content on 03 June 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 June 2019 06:48:02 UTC
T&D HOLDINGS INC. 
