September 12, 2013
Company namePunch Industry Co., Ltd.

Head office

2-12-23 Konan, Minato Ward, Tokyo 108-0075, Japan

RepresentativePresident, Representative Director

Masaaki Takeda(Security code：6165)

ContactDirector, Administration Headquarters

Hiroyuki Yagi

TEL. +81-35-460-8237

Notice Regarding Establishment of Joint Venture in Indonesia by a Subsidiary
Punch Industry Co., Ltd. (hereinafter "Punch Industry") and its consolidated subsidiary Panther Precision Tools Sdn. Bhd.
(Head office: Malaysia; hereinafter "Panther") have resolved at their Board of Directors meeting held today that Panthershall enter into an agreement with PT Somagede Indonesia (Head office: Indonesia; hereinafter Somagede) to establish ajoint venture.
1.

Purpose for Establishing Joint Venture
Punch Group has been accelerating its Southeast Asia strategies having Panther as a key as previously announced in“Acquisition of Panther Precision Tools Sdn. Bhd.” on August 12, 2013 and “Notice Regarding Completion ofAcquisition of Panther Precision Tools Sdn. Bhd.” on August 30, 2013. As part of the strategies it has decided toestablish a joint venture with a local influential sales company in Indonesia.
Indonesia is a major automobile manufacturing country following Thailand. Punch Group recognizes Indonesia as a
critical element for its Southeast Asia strategies, as its market for automobile-related business is expected to expand.
Meanwhile, Somagede places cutting tools, adhesive and machine components sales as its business pillars, Somagede
has been growing its business trading with local major Japanese automobile manufacturers for over 20 years.
Through the establishment of this joint venture Punch Group aims to expand its sales of automobile-related products,
the group’s strength, by utilizing Somagede’s sales channels in Indonesia and realize the early establishment ofbusiness base in the Southeast Asia market.

2.

Overview of Joint Venture
Company name

PT Punch Industry Indonesia

Address

Sunter Agung, Jakarta, Indonesia

Representative

Managing Director, Masahiro Kobayashi

Business

Production and sales of components for moldBusiness year end

December

CapitalRp 2,916,900 thousand (Approximately JPY 30,000 thousand)Establishment

September 30, 2013 (planned)

Shareholding ratio

Panther60%

Somagede40%-1-3.

Overview of Joint Venture Partner
Company namePT Somagede Indonesia

Address

Sunter Agung, Jakarta, Indonesia

Representative

CEO, Darmawan B. Soetrisno, CEOBusiness

Sales of cutting tools, adhesives and machine components

CapitalRp 100,000 thousand

Established

November 24, 1989
Capitalrelationships

Business

Personnel

relationships

relationships

Traderelationships

4.

5.

Punch Industry and Somagede do not have any capital relationshipsthat are required to be disclosed. In addition, Punch Industry’s relatedparties and Somagede’s related parties do not have any capital
relationships that are required to be disclosed.
Punch Industry and Somagede do not have any personnel
relationships that are required to be disclosed. In addition, Punch
Industry’s related parties and Somagede’s related parties do not haveany personnel relationships that are required to be disclosed.
Panther purchases products from Somagede. Punch Industry’s
related parties with the exception of Panther and Somagede’s relatedparties do not have any trade relationships that are required to bedisclosed.

Schedule
September 12, 2013

Board of Directors resolution

September 19, 2013

Joint venture agreement (planned)

September, 30 2013

Joint venture establishment (planned)

January, 1 2014

Commencement of business (planned)

Future Prospects
The establishment of this joint venture will have a negligible impact on Punch Industry’s consolidated business results
for the fiscal year ending March 31, 2014.

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