TSUNEISHI HOLDINGS CORPORATION (“THD”) will absorb its consolidated subsidiary TSUNEISHI BUSINESS SERVICE CORPORATION (“TBS”) as of January 1, 2016.

1. Merger Objective
With this merger, we aim to strengthen our market competitiveness by reinforcing group governance and optimizing consolidated management while enhancing management independence of group operating companies.

2. Merger Method
THD will survive and TBS will dissolve in an absorption-type merger.
All operations and employees will be transferred from TBS to THD with this merger.
(A portion of employees are slated to be transferred to TSUNEISHI SHIPBUILDING due to some operations being transitioned to TSUNEISHI SHIPBUILDING)

3. Outline of the Two Companies Subject to the Merger
(Surviving Company)
Trade Name TSUNEISHI HOLDINGS CORPORATION
Business Pure holding company
Head office address 1083, Tsuneishi, Numakuma-cho, Fukuyama city, Hiroshima
Founded April 1942
Representative Yasuharu Fushimi, Chairman and President
No. of employees 27

　Trade Name TSUNEISHI BUSINESS SERVICE CORPORATION
Business General affairs, HR, accounting, information systems, and temporary employee placement services
Head office address 1083, Tsuneishi, Numakuma-cho, Fukuyama city, Hiroshima
Founded January 2008
Representative　　 Hidetada Kambara
No. of employees 235

4. Outline of Surviving Company and Executive Structure (tentative)　　
Trade Name TSUNEISHI HOLDINGS CORPORATION
Business Pure holding company
Founded April 1942
Head office address 1083, Tsuneishi, Numakuma-cho, Fukuyama city, Hiroshima
No. of employees 240 (tentative)
Executive Structure

Chairman:
Takao Kawamoto
Overall management

President:
Hirotatsu Kambara
Overall management

Senior Managing Director:
Hidetada Kambara
Overall management

Senior Managing Director:
Minako Suematsu
PR, information, HR, new business development

Director:
Tetsuhiro Tomata
Business management, finance, accounting, general affairs, legal

Outside Director:
Christopher Lafleur

Outside Director:
Shunichi Fujii

Auditor:
Katsushi Kono

Senior Executive Adviser：
Yasuharu Fushimi

—Contact for inquiries regarding this matter—
TSUNEISHI HOLDINGS CORPORATION
CSV Division, Marketing Communication Dept.
TEL: +81-84-987-4915