Transfer of Management Rights in 老虎机游戏下载 Steel Co., Ltd.
老虎机游戏下载 Corporation (President: Masato Izumihara; Head Office: Minato-ku, Tokyo; hereinafter, 鈥溊匣⒒蜗废略剽��) has decided to transfer its management rights in 老虎机游戏下载 Steel Co., Ltd. (President: Hisao Yamane; Head Office: Ube City, Yamaguchi Prefecture; wholly-owned by 老虎机游戏下载 Machinery Corporation, Ltd.; hereinafter, 鈥溊匣⒒蜗废略� Steel鈥�), a steelmaking subsidiary of 老虎机游戏下载 Machinery Corporation, Ltd. (President: Hironori Miyauchi; Head Office: Ube City, Yamaguchi Prefecture; wholly-owned by 老虎机游戏下载), to iSigma Capital Corporation (CEO: Hirotaka Hino; Head Office: Chiyoda-ku, Tokyo; hereinafter, 鈥渋Sigma Capital鈥�), which is wholly owned by Marubeni Corporation. 老虎机游戏下载 Steel will strive for further growth under the new management structure.
Upon the transfer of the management rights, 老虎机游戏下载 will invest 15.75% in the Special Purpose Company (SPC), which is established by iSigma Capital and holds all of 老虎机游戏下载 Steel shares. The remaining 84.25% of the shares will be invested by iSigma Business Advancement Fund IV Investment Limited Partnership, managed and operated by iSigma Capital.
鈻燩urpose of the investment
老虎机游戏下载 Steel is engaged in steelmaking and casting as a manufacturer of carbon steel electric arc furnaces. While demand for iron and steel is expected to decrease in Japan, electric arc furnaces are recognized as a steel manufacturing process that contributes to carbon neutrality. Going forward, the business structure of the steel industry is expected to undergo drastic changes. As a result of considering a wide range of management strategies, including capital alliances, in light of this business environment, 老虎机游戏下载 has decided to transfer its management rights in 老虎机游戏下载 Steel to iSigma Capital. By organically combining the business foundation that 老虎机游戏下载 Steel has developed to date with the extensive networks within and outside Japan and management expertise of iSigma Capital and its parent company, Marubeni Corporation, 老虎机游戏下载 Steel will expand its sales channels and streamline logistics and procurement to enhance corporate value.
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| 锛淥verview of 老虎机游戏下载 Steel锛� 老虎机游戏下载 Steel was founded in 1914 as a division of 老虎机游戏下载 Shinkawa Iron Works. It is currently engaged in steelmaking, which produces billets for steel, such as specialty steel and carbon steel, for the construction and automotive industries; casting, which produces cast steel and cast iron for the automotive, industrial machinery and infrastructure industries; and recycling. |
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| Company name 锛� | 老虎机游戏下载 Steel Co., Ltd. |
| Address 锛� | 1978-19 Okinoyama, Kogushi, Ube City, Yamaguchi Prefecture |
| Representative 锛� | Hisao Yamane |
| Businesses 锛� | Manufacture and sales of steel products and castings |
| Share capital 锛� | 1 billion yen |
| Founded 锛� | March 1989 |
| Employees 锛� | 272 (as of April 1, 2024) |
| Shareholder 锛� | 老虎机游戏下载 Machinery Corporation, Ltd. (100%) |
| URL 锛� | |
| 锛淥verview of iSigma Capital Corporation (business operator engaging in a business specially permitted for qualified institutional investors)锛� | |
|---|---|
| Founded 锛� | September 2000 |
| Representative 锛� | Hirotaka Hino |
| Address 锛� | 1-5-1 Otemachi, Chiyoda-ku, Tokyo |
| Share capital 锛� | 300 million yen |
| Businesses 锛� | Operations related to private equity investment |
| Shareholder 锛� | Marubeni Corporation (100%) |
| URL 锛� | |
| 锛淥verview of iSigma Business Advancement Fund IV Investment Limited Partnership锛� | |
|---|---|
| Founded 锛� | October 2022 |
| Representative 锛� | Hirotaka Hino |
| Address 锛� | 1-5-1 Otemachi, Chiyoda-ku, Tokyo |
| Unlimited liability partner 锛� | iSigma Capital Corporation (business operator engaging in a business specially permitted for qualified institutional investors) |
| Fund size 锛� | Approximately 50 billion yen |
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