For Immediate Release:
December 4, 2023
Announcement of Ownership Change of MAXCO Chain Ltd.’s Parent Company
On December 4th, 2023, the Japanese conglomerate Mitsui Matsushima Holdings Co., Ltd. acquired a controlling interest in Japan Chain Holdings (JCH), the parent company of MAXCO Chain, Ltd. from the private equity firm Rising Japan Equity (RJE). After careful evaluation, it was determined that Mitsui Matsushima Holdings could provide the best platform for sustainable growth of the industrial chain businesses held by JCH, including MAXCO Chain, and therefore RJE has decided to transfer a controlling number of shares.
Please note that MAXCO Chain is a 100% subsidiary of JCH and that there will be no change to our business content. MAXCO Chain will work to continue to develop and expand our business with the aim of further growth in our core industrial chain segment.
|
1. About Mitsui Matsushima Holdings Co., Ltd. Trade name |
Mitsui Matsushima Holdings Co., Ltd. |
|
Address |
Otemon Pine Bldg, 11F 1-1-12 Otemon Chuo-ku, Fukuoka-shi Fukuoka 810-8527, Japan |
|
Representative Officer |
Representative Director and Chairman Shinichiro Kushima Representative Director and President Taishi Yoshioka |
|
Listed Stock Exchanges |
Tokyo Stock Exchange Prime Market. Fukuoka Stock Exchange (Stock Code 1518) |
|
Capital |
¥8,571,795,866 |
|
Sales |
¥80 billion. <Consolidated> (FY2022) |
2. Date of share transfer
December 4th, 2023
End of Release