For Immediate Release
Company name: DAIICHI SANKYO COMPANY, LIMITED
Representative: Takashi Shoda, President and Representative Director
(Code no.: 4568, First Section, Tokyo, Osaka and Nagoya Stock Exchanges)
Please address inquiries to Toshio Takahashi, Corporate Officer in Charge,
Corporate Communications Department
Telephone: +81-3-6225-1126
Stock Transfer of F.P. Processing Co., Ltd., a Subsidiary of Sankyo
Tokyo, January 6, 2006 - DAIICHI SANKYO COMPANY, LIMITED
announced today that its wholly owned subsidiary Sankyo Co., Ltd. (President: Yasuhiro Ikegami; hereafter, Sankyo) and Meiwa Pax Co., Ltd. (President: Yasutoshi Masuda; hereafter, Meiwa Pax) together with Meiwa Kosan, Inc. (President: Yasutoshi Masuda; hereafter, Meiwa Kosan) have signed an agreement to transfer the stock of F.P. Processing Co., Ltd., Inc. (President: Tsuyoshi Nobori; hereafter, F.P.), a subsidiary of Sankyo. The stock transfer is scheduled for January 13, 2006.
F.P. manufactures and sells a wide array of coated and laminated products including plastic film and sheets, metal foil, unwoven fabrics and paper. The company has maintained steady growth.
At a later date, Meiwa Kosan will receive all of the Sankyo-held stock of F.P. FP will become a wholly owned subsidiary of Meiwa Kosan, expanding its business as a member of the Meiwa Pax Group. The DAIICHI SANKYO GROUP plans to make independent all non-pharmaceutical businesses by the end of March 2007 and will continue to concentrate its pharmaceutical businesses.
Appendix
Corporate Profile of F.P. Processing Co., Ltd.
| Headquarters: |
Osaka City, Ikuno Ward |
| Established: |
July 1939 |
| President: |
Tsuyoshi Nobori |
| Capital: |
¥30 million (Wholly owned subsidiary of Sankyo) |
| Net Sales: |
¥2.482 billion; Operating profit: ¥128 million(as of March 2005) |
| Employees: |
47 |
| Core businesses: |
Manufacturing and marketing of a wide array of coated and laminated products including plastic film and sheets, metal foil, unwoven fabrics and paper. |
Corporate Profile of Meiwa Pax Co., Ltd.
| Headquarters: |
Osaka, Kashiwabara City |
| Established: |
October 1966 |
| President: |
Yasutoshi Masuda |
| Capital: |
¥350 million |
| Net Sales: |
Approx. ¥25.5 billion (Group-wide sales) |
| Employees: |
725 |
| Core businesses: |
Manufacturing and marketing of laminated resin film-based packaging materials primarily for food products |
Corporate Profile of Meiwa Kosan, Inc.
| Headquarters: |
Osaka, Kashiwabara City |
| Established: |
March 18, 2002 |
| President: |
Yasutoshi Masuda |
| Capital: |
¥10 million |
| Net Sales: |
¥32.4 million |
| Employees: |
3 |
| Core businesses: |
Property management and management consulting |
End