TRANSLATION FOR REFERENCE PURPOSE ONLYThis notice has been translated from the original Japanese text of the timely disclose statement and is forreference purpose only. In the event of any discrepancy between the original Japanese and this translation,
the Japanese text shall prevail.
July 25, 2019
To whom it may concern:

Company Name: Asahi Holdings, Inc.
Representative: Tomoya Higashiura, President(Code: 5857, First Section of the Tokyo Stock Exchange)
Contact:
Kunihiko Chogo, General Manager,
Corporate Planning & Communications Department(Phone: +81-3-6270-1833)

Notification of Change (Transfer of Shares) regarding Consolidated Subsidiary
This is to notify that Asahi Holdings, Inc. (hereinafter “the Company”) resolved to transfer all shares ofKOEIKOGYO CO., LTD. (hereinafter, “KOEIKOGYO”), a consolidated subsidiary of the Company, toEiwa Facilities Co., Ltd. (hereinafter, “Eiwa Facilities”) as shown below.
Following the transfer of shares, KOEIKOGYO will be excluded from the list of consolidated subsidiariesof the Company.

Details
Reasons for the transfer of shares
KOEIKOGYO, which specializes primarily in fire-fighting equipment works, has constituted thegroup’s Life & Health business to this day, along with FUJI MEDICAL INSTRUMENTS MFG CO.,LTD. and INTER CENTRAL, INC., after becoming a consolidated subsidiary of the Company inMarch 2014.
During this period, KOEIKOGYO has contributed to the Company’s consolidated performance amid
the growth in construction demand in preparation for the Tokyo Olympic Games. The transfer ofshares to Eiwa Facilities was decided in view of the optimum future allocation of management
resources for the Group on the whole.
1.

2.

Overview of the subsidiary subject to change(1) Name
KOEIKOGYO CO., LTD.
191-2 Kashio-cho, Totsuka-ku, Yokohama City, Kanagawa(2) Location
Prefecture(3) Title and Name of
Shigenori Aoki (Representative Director)
Representative(4) Business content
Design, installation, maintenance and repair of fire-fighting, airconditioning and sanitary equipment(5)

Capital30 million yen

(6)
(7)

Date of establishment
Major shareholder andshareholding ratio
Relationship between
the listed company
and the relevant
company

June 1978
Asahi Life & Health Corporation: 100%

(8)

Capitalrelationship
Personnel
relationship
Businesstransactions(9)

KOEIKOGYO is a 100% subsidiary of Asahi Life& Health Corporation, a 100% subsidiary of theCompany.
One employee of Asahi Pretec Corp., a 100%subsidiary of the Company, works at
KOEIKOGYO on a temporary assignment.
There is no applicable item.

Management performance of the relevant company in the past three years

Settlement period

Period ended March 2017

Period ended March 2018

Period ended March 2019

Sales (million yen)

3,013

2,878

2,433

291

250

161

179

155

100

Operatingincome(million yen)
Current net profits(million yen)

3.

Overview of the company subject to the transfer of shares(1) Name
Eiwa Facilities Co., Ltd.
(2)
(3)

4.

5.

(4)

Location
Title and Name ofRepresentative
Business content(5)Date of establishment(6)

Relationship between
the listed company
andtherelevantcompany

7-21 Abekura, Yokosuka City, Kanagawa Prefecture
Shigenori Aoki (Representative Director)
Design, installation, maintenance and repair of fire-fighting, airconditioning and sanitary equipment
June 2019
CapitalThere is no applicable item.
relationship
Personnel
There is no applicable item.
relationship
Business
There is no applicable item.
transactions

Number of shares transferred, and number of shares owned before and after transfer(1) Number of shares
600
owned before transfer(2) Number of shares to600
be transferred(3) Number of shares0
owned after transfer
Schedule(1) Date of resolution by
the board of directors(2) Date of share transfer
agreement(3) Date of share transfer

July 25, 2019
July 25, 2019
August 1, 2019

6. Future prospects
The impact of share transfer on the financial results of the Company is expected to be minimal.