Konami Holdings Corporation Establishment of a Local Subsidiary in Thailand (6835B)

TIDMKNM

RNS Number : 6835B

Konami Holdings Corporation

12 January 2018

January 12, 2018

FOR IMMEDIATE RELEASE

 
 Company Name:     KONAMI HOLDINGS CORPORATION 
 Representative:   Takuya Kozuki, Representative 
                    Director, 
                    President 
 Code Number:      9766 
                    First Section, Tokyo Stock 
                    Exchange 
 Contact:          Osamu Nakano, Director, 
                    Executive Vice President, 
                    Corporate Officer 
                    (Phone: +81-3-5771-0222)

Notice Regarding the Establishment of a Local Subsidiary in Thailand

KONAMI HOLDINGS CORPORATION (the "Company") hereby announces the establishment of its local subsidiary in the Kingdom of Thailand.

   1.   Purpose of the Establishment

With the aim to develop a sales structure for the Southeast Asian region where the economy is growing rapidly, the Company has established its local subsidiary in the Kingdom of Thailand.

Moving forward, the Company will strive to strengthen its business development in global markets, by expanding sales and service operations of the Konami Group products, including arcade games, in the Southeast Asian region.

   2.   Outline of the Local Subsidiary 
 
 (1) Company Name            KONAMI AMUSEMENT (THAILAND) CO., LTD. 
--------------------------  ----------------------------------------------- 
 (2) Location                Park Ventures Ecoplex 12th Floor, Unit1207A 
                              57 Wireless Road, Lumpini, Pathumwan, Bangkok 
                              10330, Thailand 
--------------------------  ----------------------------------------------- 
 (3) Representative          Chairman Katsunori Okita 
                              Managing Director Ryo Sakaguchi 
--------------------------  ----------------------------------------------- 
 (4) Date of Establishment   January 11, 2018 
--------------------------  ----------------------------------------------- 
 (5) Commencement            After April 2018 
  of Business 
--------------------------  ----------------------------------------------- 
 (6) Business Activity       Sales of the Konami Group products and related 
                              services 
--------------------------  ----------------------------------------------- 
 (7) Capital                 4 million baht (about 13 million yen) 
--------------------------  ----------------------------------------------- 
 (8) Investment              KONAMI HOLDINGS CORPORATION (Japan) 49% 
  Ratio                       SBCS Co., Ltd. (Thailand) 17% 
                              SMBC Management Service Co., Ltd. (Thailand) 
                              17% 
                              YBC Capital Co., Ltd. (Thailand) 17% 
--------------------------  ----------------------------------------------- 
 
   3.   Future Outlook

The establishment of this local subsidiary is expected to have only minor impact on the Company's consolidated results for the fiscal year ending March 2018.

End of File

This information is provided by RNS

The company news service from the London Stock Exchange

END

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