1607-1 Kozakura-cho, Chigasaki city, Kanagawa, Japan
Due to the terms of the contract we are unable to disclose the carrying amount or the sale price of the asset.
Overview of the recipient of transfer
(1)Company Name
Daiwa House Industry Co., Ltd.
(2)Location
3-3-5 Umeda, Kita-ku, Osaka 530-8241
(3)Representative
Naotake Ohno, President and COO
(4)Operations
Construction businesses, Urban and residential area development businesses, Overseas businesses, Other businesses
(5)Capital
JPY 161,699 million
(6)Established
March 4, 1947
(7)Net Assets
JPY 1,112,817million (As of March 31, 2015)
(8)Total Assets
JPY 3,021,007 million (As of March 31, 2015)
(9)Major Stockholders and Ownership Ratios
(As of March 31, 2015)
①The Master Trust Bank of Japan, Ltd (Trust Account)
②Japan Trustee Services Bank, Ltd (Trust Account)
③Sumitomo Mitsui Banking Corporation
④The Bank of Tokyo-Mitsubishi UFJ, Ltd
⑤STATE STREET BANK AND TRUST COMPANY 505225
5.04%
4.44%
2.44%
2.34%
2.10%
(10)Relationship with Tokai Carbon
The purchaser has no capital, human resources or business relationship with Tokai Carbon and it is not a related party of Tokai Carbon.
Future implications
As a result of the Asset Transfer, Tokai Carbon will record JPY 1,008 million as Extraordinary income in the consolidated financial results for the fiscal year ending December 31, 2015.
In the meantime, the Company will make an announcement immediately if any matters requiring disclosure arise as a result of changes in the impact of the transfer on the Group's financial results.
End of Notice
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Tokai Carbon Co. Ltd. issued this content on 2015-12-18 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-18 11:32:20 UTC
Original Document: http://v3.eir-parts.net/EIR/View.aspx?template=ir_material&sid=47545&code=5301
Tokai Carbon Co., Ltd. is one of the Japanese leaders in manufacturing and marketing of coal and graphite products. The group is also producing industrial furnaces. Net sales break down by family of products as follows:
- coal and graphite products (69.6%): coal, graphite electrodes, special graphite and friction materials primarily for industrial, electronic, energy, automotive and mechanic applications;
- cathodes for smelting aluminum and furnace linings (18.1%);
- industrial furnaces and heating products (6.9%): for thermal processing of ceramic products, electronic components, metals, glasses, etc.;
- other (5.4%).
Net sales break down geographically as follows: Japan (24.6%), Asia (26.7%), the United States (26.5%), Europe (11.6%) and other (10.6%).