Daihatsu Motor-related business transfer from Nichimen
2002-10-30
Toyota Tsusho Corporation and Nichimen Corporation agreed to transfer Nichimen's Daihatsu Motor Co.,Ltd. -related business to Toyota Tsusho due on November 1, 2002.
1. Reason for the transfer
Toyota Tsusho and Nichimen continued to discuss the Daihatsu-related business, which is currently operated by Nichimen, and judged that, in order to expand the business further, it is the best way to transfer the business from Nichimen to Toyota Tsusho. After the transfer, Toyota Tsusho aims to pursue synergy with its existing business related to Daihatsu and to expand it further. On the other hand, Nichimen can pursue its selection and concentration strategy and accelerate to distribute its management resources to its strategic business fields.
2. Business to be transferred
(1) The business
Annual sales
1. Export of Daihatsu automobile: 9.5 billion yen
2. Import of auto parts: 0.5 billion yen
Number of employees to be moved from Nichimen Group to Toyota Tsusho Group
1. Related to export of Daihatsu automobile: 11 employees
2. Related to import of auto parts: 3 employees
(2) Subsidiaries and affiliates to be transferred (Please refer to the below notes.)
1 automobile manufacturing company
1 automobile sales-finance company
1 automobile sales company
3. Schedule
October 30, 2002: Sign on business transfer agreement
November 1,2002: Date of the business transfer
(The stocks of the 3 companies described above 2(2) are scheduled to be transferred from Nichimen to Toyota Tsusho due on January 1, 2003.)
(Notes)
Subsidiaries and affiliates (Annual production, sales, and revenue shown below are the number for the fiscal 2001.)
Automobile manufacturing company:
P.T.Astra Daihatsu Motor (hereinafter ADM, which is operating in Indonesia)
Stockholders: Nichimen 6.38%, Daihatsu 61.75%, Astra International 31.87%
Annual production: 20,711 cars
Annual sales: 1,597,337 million rupiah (approximate 21.6 billion yen)
Automobile sales-finance company:
P.T.Astra Auto finance (hereinafer AAF, which is operating in Indonesia)
Stockholders: Nichimen 30%, ADM 35%, Astra group 35%
Annual revenue: 83,997 million rupiah (approximate 1.1 billion yen)
Automobile sales company:
DPS Daihatsu Parts Service S.r.l .(hereinafer DPS, which is operating in Italy)
Stockholders: Nichimen 80%, JAP srl 20%
Annual sales of automobiles: 2,840 cars
Annual sales: 33,121,000 Euro (approximate 4 billion yen)
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