Tokyo Boeki Holdings Co., Ltd.
Notice of Completion of Share Acquisition of Tokyo Boeki Holdings Co., Ltd. Banshu Denso Co., Ltd.
We have welcomed a new member to the Tokyo Boeki Group.
Tokyo Boeki Holdings Co., Ltd. (27F Kyobashi Edogrand, 2-2-1 Kyobashi, Chuo-ku, Tokyo; President: Shusuke Tsubouchi) will become Banshu Denso Co., Ltd. 1, Representative Director: Akihiko Yoneda) completed the acquisition of all outstanding shares and welcomed it to the Tokyo Boeki Group together with P.T. BANSHU ELECTRIC INDONESIA, which is a manufacturing base in Indonesia. We would also like to inform you that we have changed our company name to “TB Banshu Denso Co., Ltd.” on the same date.
[Image 1: https://prtimes.jp/i/98548/53/resize/d98548-53-4cc393d5be8edcf4b887-0.png&s3=98548-53-b0a5c96b360cdf51d51a3c38c7237805-1267×145.png] Tokyo Boeki Holdings, founded in 1947 as Tokyo Boeki Co., Ltd., is based on the spirit of management by all employees. Contribute to the development of a healthy society, contribute to the success of our customers, be recognized as an indispensable entity by society, and become a group that is appreciated by customers.” is the holding company of the Tokyo Boeki Group, which operates in the four business segments of , Medical, Lifestyle, Science, and Materials, Resources, Steel. TB Banshu Denso manufactures and sells wire harnesses used in motorcycles and construction machinery with two factories in Japan and two in Indonesia. We have strengths in manufacturing high-quality wire harnesses and have a trading base with influential customers in Japan and overseas. Demand for construction machinery in Japan and motorcycles (motorcycles) in Indonesia, which are our main customers, is expected to grow steadily, and we have established a joint venture company to advance into India, where significant market expansion is expected. Tokyo Boeki Holdings has made this decision based on the judgment that further development can be expected by demonstrating mutual strengths in the wire harness business, which is essential for the development of the mobility society. Going forward, we plan to contribute to the further growth of TB Banshu Denso by leveraging the business base of the Tokyo Boeki Group, and to accelerate business expansion in the Indonesian market as the Tokyo Boeki Group, including TB Banshu Denso.
[Image 2: https://prtimes.jp/i/98548/53/resize/d98548-53-2c2a89c65903de8b0554-1.jpg&s3=98548-53-8c7c44560beea5aa2f5ffd1a154b42b9-3851×2372.jpg] Left: Akihiko Yoneda, President and CEO of TB Banshu Denso Co., Ltd. Right: Tokyo Boeki Holdings Co., Ltd. President Shusuke Tsubouchi Tokyo Boeki Holdings Co., Ltd.
Representative Director and President Shusuke Tsubouchi (TB Banshu Denso Chairman and Representative Director) Comment: Banshu Denso has a differentiated strength in wire harnesses for motorcycles and construction machinery. We also have a factory in Indonesia, which the Tokyo Boeki Group considers to be an important market, and we expect further business expansion. In addition, I heard that President Yoneda has been running the business with the aim of “employee happiness”, which is exactly the same as what Tokyo Boeki is aiming for, so even if you join the Tokyo Boeki Group, you can work with the same values. I feel. Akihiko Yoneda, President of TB Banshu Denso Co., Ltd. Comment: With the development of EVs in vehicles, wire harnesses will become more sophisticated and complex in the future. By collaborating with the Tokyo Boeki Group, we will improve product accuracy, quality, added value, and competitiveness, and by growing significantly, we will be more helpful to our customers, increase the number of fans of Banshu Denso, expand our global market share, and contribute to the happiness of our employees. I would like to aim for a company that realizes and employees can be truly proud of. Also, I think it would be wonderful if new things were born from various collaborations with the Tokyo Boeki Group companies. The Tokyo Boeki Group is promoting the deepening of existing businesses and the creation of new businesses in its current medium-term management plan for the three years from fiscal 2021, and positions M&A as an important measure as one means to achieve the plan. We will continue to actively engage in M&A and investment, such as growth support type projects that can aim for mutual growth by contributing to the sustainable growth of society and pursuing employee happiness, and business succession projects in the absence of successors. We will implement it.
https://prtimes.jp/a/?f=d98548-53-1824eac899276f63db5742664119a75b.pdf ■ Overview of TB Banshu Denso Co., Ltd. 1. Company name: TB Banshu Denso Co., Ltd. 2. Representative: Shusuke Tsubouchi, Chairman and Representative Director Akihiko Yoneda, President and Representative Director 3. Location: 25-14 Nishitani, Hiraokacho, Kakogawa City, Hyogo Prefecture. Date of establishment: July 19655. Business description: Manufacture and sale of various wire harnesses Overview of P.T. BANSHU ELECTRIC INDONESIA 1. Company name: P.T. BANSHU ELECTRIC INDONESIA2. Representative: Shusuke Tsubouchi, Chairman and Representative Director Akihiko Yoneda, President and Representative Director 3. Location: M-GOLD TOWER FL. 18, JL. KH. NOER ALI, BEKASI, Jawa Barat – Indonesia4. Date of establishment: September 1996 5. Business description: Manufacture and sale of wire harnesses About Tokyo Boeki Group
[Image 3: https://prtimes.jp/i/98548/53/resize/d98548-53-27d0a2d8f2f757d5545f-2.jpg&s3=98548-53-2964f536c826e8731e6bdbe827b5f93c-1732×1154.jpg] Tokyo Boeki Holdings Co., Ltd. (27F, Kyobashi Edogrand, 2-2-1, Kyobashi, Chuo-ku, Tokyo, President: Shusuke Tsubouchi), a holding company, and 14 unique domestic and overseas operating companies, a total of 15 companies. As a corporate group, we celebrated the 75th anniversary of our founding in 1947. Two companies will be added in this business transfer, bringing the total number of companies to 17. By adopting the spirit of “Zenin Keiei”, which is the common spirit of the group, as a core value (core value), while each group company conducts independent corporate activities, we will synergistically increase the presence and competitiveness of the group as a whole. We aim to be a group that continues to provide new value to the world. The Tokyo Boeki Group will continue to create innovation under a free and open culture without fear of change, and strive to realize and sustain a better society in which all stakeholders can lead safe and secure lives, economic and social activities. contribute.
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