NEWS
News

7/31/2017

Notice of Subsidiary Company Consolidation

This is the announcement, as described below, that our company has decided to merge with SUZUE Container & Transport Corporation, a consolidated subsidiary in the automobile transportation business (marine container transport) which is a core business of the SUZUE Group, to form SUZUE Star Career Corp. which will be a subsidiary solely owned by the company as of 31 July 2017.

1. Purpose of Business Consolidation

By consolidating these companies, we aim to strengthen our management structure as well as improve our operational efficiency, striving to offer our customers better service.
All the vehicles operated by Suzue Star Carrier will be operated by Suzue Container Transport starting on Tuesday, August 1st.

2. Summary of Business Consolidation

This will be a merger with Suzue Container Transport as the surviving company, Suzue Star Carrier as the absorbed company, and the company name continuing as Suzue Container Transport.

3. Overview of Companies to be Consolidated

Surviving company

Company Name Suzue Container Transport
Head office location Naka-ku, Yokohama
Representative Hisayuki Hosono
Business Auto transport industry
Establishment 8/31/1979
Paid-in Capital 50,000,000 yen
Ownership ratio Suzue Corporation 100%

Absorbed company

Company Name Suzue Star Carrier
Head office location Naka-ku, Yokohama
Representative Hisayuki Hosono
Business Auto transport industry
Establishment 6/2/2005
Paid-in Capital 10,000,000 yen
Ownership ratio Suzue Corporation 100%

4. Status Following Consolidation

Company Name Suzue Container Transport
Head office location Naka-ku, Yokohama
Representative Hisayuki Hosono
Business Auto transport industry
Paid-in Capital 50,000,000 yen
Ownership ratio Suzue Corporation 100%