Announcing the Commencement of Operations at Malaysian Subsidiary
October 31, 2014
Nissha Printing Co.,Ltd.
Nissha Printing Co., Ltd. (hereinafter referred to as “Nissha”) hereby announces the commencement of operations of its wholly-owned Malaysian sales subsidiary, Nissha Industrial and Trading Malaysia Sdn. Bhd., on November 3, 2014.
Goals in Commencing Operations
Nissha established Southern Nissha Sdn. Bhd., a wholly-owned subsidiary, in Malaysia in 1995 and has developed businesses activities as a production base for Industrial Materials Business in the Southeast Asia region. We will commence full-scale sales activities regarding transfer foil, film products, mold goods, and other products for the automotive, home electronics, cosmetics, and other markets in order to further expand our business in the Southeast Asian region, which is experiencing striking economic growth.
Summary of the new subsidiary
| Company Name | Nissha Industrial and Trading Malaysia Sdn. Bhd. |
|---|---|
| Address | Lot7, Jalan P/13, Kawasan Miel, Seksyen 10, 43650 Bandar Baru Bangi Selangor Darul Ehsan, Malaysia (Same as Southern Nissha Sdn. Bhd.) |
| Representative | Kenji Nakagawa, Managing Director (Jointly serving as Managing Director of Southern Nissha Sdn. Bhd.) |
| Business Description | Selling of transfer foil, film products, mold goods, and other products |
| Capital | 1,000,000MYR |
| Date of Establishment | August 4,2014 |
| Shareholder Composition | Wholly owned by Nissha Printing Co., Ltd. |
Outlook
We estimate that establishing this subsidiary will have a minimal effect on our consolidated business results. Going forward, we will swiftly disclose information should adjustments to the estimated results be needs or if there are any items to be publicized.
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