News Release : 2011
Announcement of Share Purchase of Subaru Steel Co.,Ltd.
As of Janurary 1st 2012, Subaru Steel Co.,Ltd. will become a subsidiary company of
Hanwa Co.,Ltd. , who will own 97% of total shares issued. The name of Subaru Steel
Co.,Ltd. will remain unchanged even after Hanwa’s acquisition. New Subaru will take
over Subaru’s allworkers and use its head quarter as new Subaru’s main office.
Current president Mr.Nobuhito Morita will continue to be a president.
|Company Name||Subaru Steel Co., Ltd.|
|Address||3-11-31, Sangenya Higashi, Taisho-ku, Osaka city, Osaka, Japan|
|Nature of business||Steel wholesaler|
|Turnover||J.Yen 5,400,000,000(in fiscal 2010)|