Press ReleasesNippon Paper Industries Announces Transfer of Shares in Daishowa Uniboard Co., Ltd.
Nippon Paper Industries Co., Ltd.
Nippon Paper Industries Co., Ltd. (hereinafter "the Company", HQ: Chiyoda-ku, Tokyo, President: Toru Nozawa) has announced that the Company has agreed with A&A Material Corporation (hereinafter "A&A Material", HQ: Yokohama-shi, Kanagawa, President: Tohru Makino) on the transfer of all shares in Daishowa Uniboard Co., Ltd. (hereinafter "Daishowa Uniboard", HQ: Iwanuma-shi, Miyagi, President: Makoto Sekine), a consolidated subsidiary of the Company, and that a stock purchase agreement was concluded as of today. The share transfer is scheduled to be executed on October 1, 2024.
(Reasons for the share transfer)
Since commencing operations in 1973 with the objectives of effectively utilizing wood resources and developing and supplying new building materials, Daishowa Uniboard has manufactured "Uniboard", a low-pressure melamine decorative board with excellent robustness and low environmental impact. It has steadily expanded sales, mainly to housing, construction and interior decoration manufacturers. Since the market environment is expected to show a structural decline in demand in the future due to population decrease and other factors, it has been implementing measures for business growth, including development of new demand. In addition, based on the basic policy of "shifting management resources to growth businesses" as stated in the 2030VISION, NIPPON PAPER GROUP is promoting "acceleration of business structure transformation" in its Medium-Term Business Plan 2025.
Under these circumstances, the transfer of shares to A&A Material, which possesses high technological capabilities in the manufacture of noncombustible building materials and a wide range of sales channels, is expected to generate synergies in further strengthening Daishowa Uniboard's business and expanding the scale of its operations. The Company has reached an agreement based on the judgment that the transfer of shares is the best option to contribute to the sustainable development of NIPPON PAPER GROUP, Daishowa Uniboard, and A&A Material Group.
The Company will further accelerate its business structure transformation through concentration of management resources.
■Overview of Daishowa Uniboard
| （１）Company name | Daishowa Uniboard Co., Ltd. |
|---|---|
| （２）Head office | 111 Fukiagenishi, Iwanuma-shi, Miyagi |
| （３）Title and name of representative | Makoto Sekine (President & Representative Director) |
|
（４）Business description |
Manufacture, processing, and sales of low-pressure melamine decorative board, building materials, furniture materials, etc. |
| （５）Capital | 490 million yen |
| （６）Number of employees | 76 (as of March 31, 2024) |
| （７）Established | April 2002 |
| （８）Major shareholders and shareholding ratio | 100% owned by the Company |
■Overview of A&A Material
| （１）Company name | A&A Material Corporation | |
|---|---|---|
| （２）Head office | 2-5-5 Tsurumi-chuo, Tsurumi-ku, Yokohama-shi, Kanagawa | |
| （３）Title and name of representative | Tohru Makino (President & Representative Director) | |
|
（４）Business description |
Manufacture and sales of noncombustible building materials, construction design, etc. | |
| （５）Capital | 3,889 million yen | |
| （６）Number of employees | 838 (consolidated) (as of March 31, 2024) | |
| （７）Established | March 1924 | |
| （８）Major shareholders and shareholding ratio |
Taiheiyo Cement Corporation 42.42％ |
|
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