|
|
Back Number > > Topics > > 2005 > > September
|
|
|
| |
| The information on this website is presented "as is." Product availability, organization, and other content may differ from the time the information was originally posted. Changes may take place without notice. |
| Shinko Real Estate to be established |
|
September 28, 2005
Kobe Steel, Ltd. and Kobelco Development Co., Ltd. announced today that
effective October 1, 2005, Kobe Steel, Ltd.'s real estate business would
be transferred to Kobe Steel's 100% owned subsidiary Kobelco Development
and the merged operation would be renamed Shinko Real Estate Co., Ltd. This
announcement was originally made on April 28, 2005.
Pursuing the benefits of group management, Kobe Steel decided it would be
more advantageous for the business to operate independently for greater
flexibility. Kobe Steel aims to further grow the real estate business as
one of the main segments of the Company.
|
| Outline of the New Company |
|
| 1. Name: |
Shinko Real Estate Co., Ltd. |
| 2. Establishment: |
October 1, 2005 |
| 3. Head office: |
Kobe, Hyogo, Japan |
| 4. Capital: |
3 billion yen (Additional paid-in
capital of 38.4 billion yen and retained earnings of 3.6 billion
yen will provide capital totaling 45 billion yen.) |
| 5. Shareholder composition: |
Kobe Steel, Ltd. 100% |
| 6. President: |
Yasunobu Fujikawa
(Currently Senior Officer at Kobe Steel and President of the
Real Estate Company at Kobe Steel) |
7. Employees:
(At October 1, 2005) |
1,500 (consolidated)
200 (non-consolidated) |
8. Real Estate segment sales:
Shinko Real Estate sales:
(FY2008 targets) |
FY2004 Real Estate segment sales
32.4 billion yen (consolidated)
22.2 billion yen (non-consolidated)
FY2005 forecast
45 billion yen (consolidated)
34.6 billion yen (non-consolidated)
43 billion yen (consolidated)
35 billion yen (non-consolidated) |
9. Ordinary income:
(FY2008 targets) |
3 billion yen (consolidated)
2 billion yen (non-consolidated) |
| 10. Business: |
Real estate development, construction,
property sales, leasing, brokering, remodeling, building management,
condominium management and insurance services |
| 11. Other related Kobe Steel Group
companies: |
Shinko Insurance Service, Hachinohe
Waterfront Development, Jikurefu Service, Shinko Kosan Kensetu,
Shinko Kosan Building Service, Shinko Kosan Expert Service,
Shiroyama Kaihatu, Aono Resort |
|
|
|
Back to Top
