4eebbe2a-9e01-4515-8ae4-4a0e7172f9f4.pdf

Press Release

July 4, 2016

Takao Nakai

President and Representative Director Toyo Seikan Group Holdings, Ltd.

(Code: 5901, First section of Tokyo Stock Exchange)

Contact:

Kouki Ogasawara

General Manager of General Affairs Dept. Phone: +81-3-4514-2001

Establishment of a Myanmar Joint Venture by a Consolidated Subsidiary of Toyo Seikan Group Holdings, Ltd.

Toyo Seikan Group Holdings, Ltd. (the "Company") hereby announces that Toyo Seikan Co., Ltd., its consolidated subsidiary, has established a joint venture in Myanmar with Loi Hein Co., Ltd.

  1. Purpose of Establishment

    Toyo Seikan Co., Ltd., a consolidated subsidiary of the Company, has established a joint venture to manufacture and sell beverage cans in Myanmar together with Loi Hein Co., Ltd. to establish business base in Myanmar and to strengthen ties with partner companies.

  2. Outline of the Joint Venture

    1) Trade name

    Yangon Can Manufacturing Co., Ltd.

    2) Address

    Thilawa Industrial Park, Myanmar

    3) Name and title of representative

    Tomonori Ogata, Managing Director and CEO

    4) Business scope

    Manufacturing and sales of beverage cans

    5) Fiscal year end

    March

    6) No. of employees

    Approx. 60 (tentative)

    7) Capital

    USD 9,500,000 (approx. JPY 973 mil)

    8) Established

    July 4, 2016

    9) Net assets

    USD 9,500,000 (approx. JPY 973 mil)

    10) Total assets

    USD 23,500,000 (approx. JPY 2,409 mil)

    11) Major shareholders and shareholding ratio

    Toyo Seikan Co., Ltd. 75.3% Loi Hein Co., Ltd. 24.7%

  3. Outline of Loi Hein Co., Ltd.

    1) Trade name

    Loi Hein Co., Ltd.

    2) Address

    No.117, Wardan Road (Kele Road) Lamadaw Township, Yangon Myanmar

    3) Name and title of representative

    Dr. Sai Sam Htun, Executive Chairman

    4) Business scope

    Manufacturing and sales of soft drinks

    5) Capital

    10,000 mil kyat (approx. JPY 873 mil)

    6) Established

    August 18, 1992

    7) Fiscal year end

    March

    8) Relationship between the listed company and Loi Hein Co., Ltd.

    Capital relationship

    Not applicable

    Personnel relationship

    Not applicable

    Business relationship

    Not applicable

    Related parties

    Not applicable

  4. Schedule

    1)

    JV establishment

    July 4, 2016

    2)

    Operational start

    December 2017 (Scheduled)

  5. Future Outlook

There will be no impact on the consolidated financial results ending March 2017 as the operational start of this joint venture is scheduled in December 2017.

Toyo Seikan Group Holdings Ltd. published this content on 04 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 July 2016 07:30:07 UTC.

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