Establishment of a Local Subsidiary in Thailand

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: [phone])

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 of Business	After April 2018
(6)   Business Activity	Sales of the Konami Group products and related services
(7)   Capital	4 million baht (about 13 million yen)
(8)   Investment Ratio	KONAMI HOLDINGS CORPORATION       (Japan)    49% 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.

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