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Pin to quick picksKonami Hldg.c Regulatory News (KNM)

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Establishment of a Local Subsidiary in Thailand

Fri, 12th Jan 2018 07:00

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 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.

End of File

This information is provided by RNS
The company news service from the London Stock Exchange
END
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