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| Shinko デュエルビッツ 登録te to be established |
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September 28, 2005
Kobe Steel, Ltd. and Kobelco Development Co., Ltd. announced today that
effective October 1, 2005, Kobe Steel, Ltd.'s デュエルビッツ 登録te business would
be transferred to Kobe Steel's 100% owned subsidiary Kobelco Development
and the merged operation would be renamed Shinko デュエルビッツ 登録te Co., Ltd. This
announcement was originally made on April 28, 2005.
Pursuing the benefits of group management, Kobe Steel decided it would be
more advantageous for the business to operate independently for greater
flexibility. Kobe Steel aims to further grow the デュエルビッツ 登録te business as
one of the main segments of the Company.
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| Outline of the New Company |
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| 1. Name: |
Shinko デュエルビッツ 登録te Co., Ltd. |
| 2. Establishment: |
October 1, 2005 |
| 3. Head office: |
Kobe, Hyogo, Japan |
| 4. Capital: |
3 billion yen (Additional paid-in
capital of 38.4 billion yen and retained earnings of 3.6 billion
yen will provide capital totaling 45 billion yen.) |
| 5. Shareholder composition: |
Kobe Steel, Ltd. 100% |
| 6. President: |
Yasunobu Fujikawa
(Currently Senior Officer at Kobe Steel and President of the
デュエルビッツ 登録te Company at Kobe Steel) |
7. Employees:
(At October 1, 2005) |
1,500 (consolidated)
200 (non-consolidated) |
8. デュエルビッツ 登録te segment sales:
Shinko デュエルビッツ 登録te sales:
(FY2008 targets) |
FY2004 デュエルビッツ 登録te segment sales
32.4 billion yen (consolidated)
22.2 billion yen (non-consolidated)
FY2005 forecast
45 billion yen (consolidated)
34.6 billion yen (non-consolidated)
43 billion yen (consolidated)
35 billion yen (non-consolidated) |
9. Ordinary income:
(FY2008 targets) |
3 billion yen (consolidated)
2 billion yen (non-consolidated) |
| 10. Business: |
デュエルビッツ 登録te development, construction,
property sales, leasing, brokering, remodeling, building management,
condominium management and insurance services |
| 11. Other related Kobe Steel Group
companies: |
Shinko Insurance Service, Hachinohe
Waterfront Development, Jikurefu Service, Shinko Kosan Kensetu,
Shinko Kosan Building Service, Shinko Kosan Expert Service,
Shiroyama Kaihatu, Aono Resort |
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