SANWA HOLDINGS CORPORATION
Nishi-Shinjuku 2-1-1 Shinjuku-ku
Tokyo 163-0478, Japan

https://www.sanwa-hldgs.co.jp/english/

30th September, 2019

Notice Regarding Completion of the Stock Acquisition ofLIXIL SUZUKI SHUTTER CORPORATIONAs publicized in the “Notice Regarding Conclusion of Share Transfer Agreement ofAcquisition of LIXIL SUZUKI SHUTTER CORPORATION” on 31 July 2018, Sanwa Holdings
Corporation completed the stock acquisition of LIXIL SUZUKI SHUTTER CORPORATION
including subsidiaries of Hong Kong and Macau, wholly owned by LIXIL Corporation on 30
September 2019.
1. Purpose of the acquisition
As mentioned in the Notice on 31 July 2018, the acquisition of LIXIL SUZUKI SHUTTERCORPORATION is expected to bring about the significant synergies in the above business areas
by combining Sanwa’s strength in region-based sales with top share with LIXIL SUZUKI’s strong
customer base fostered by its 116 year history and aim for further growth in Japanese business.
Also, we can establish a stronger market position by focusing on increasing share in coreproducts and expanding profits toward “Sanwa Global Vision 2020”.
2. Overview of Acquiring Companies(1) Name
LIXIL SUZUKI SHUTTER CORPORATION(2) Head Office

1-1-4 MinamiOtsuka, Toshima-ku,Tokyo 170-0005, Japan(3) Representative

Makoto Okamoto, President(4) Business lines

Manufacture, sale, construction, maintenance and service of
shutters and disaster prevention products(5) Capital

1,989 million yen(6) Date of establishment

23 July 1936 (founded on 3 April 1903)(7) Shareholder

LIXIL Corporation

100％(8) Three-year Business results
Years ended Mar.31
Net Sales
Operating income

20172018

2019

11,135 million yen

11,956 million yen

12,785 million yen

834 million yen848 million yen

1,156 million yen(1) Name

LIXIL Suzuki Shutter (HK) Limited(2) Location

Rm 2321, 23/F, No.1 Hung To Road, Ngau Tau Kok, Kowloon, Hong Kong

(3) Representative

Masakatsu Kudo, Managing Director(4) Business Lines

Manufacture, sale, construction, maintenance and service ofshutters and disaster prevention products(5) Capital

250 thousand HK dollar(6) Shareholder

LIXIL SUZUKI SHUTTER CORPORATION

100％

(1) Name

LIXIL Suzuki Shutter (Macau) Company Limited(2) Location

Em Macau, Rua Nova Da Areia Preta N0306,Hoi Pan Fa Un Bloco Xi Res-Do-Chao D(3) Representative

Masakatsu Kudo, Managing Director(4) Business Lines

Manufacture, sale, construction, maintenance and service ofshutters and disaster prevention products(5) Capital

24 thousand HK dollar(6) Shareholder

LIXIL Suzuki Shutter (HK) Limited

100％

3. Overview of Companies after Acquisition(1) NameSUZUKI SHUTTER CORPORATION(2) Location

1-1-4 MinamiOtsuka, Toshima-ku,Tokyo 170-0005, Japan(3) Representative

Keiichi Yamamoto, President(1) Name

Suzuki Shutter (HK) Limited(2) Location

Rm 2321, 23/F, No.1 Hung To Road, Ngau Tau Kok, Kowloon, Hong Kong

(3) Representative

Masanori Kunihiro, Managing Director(1) Name

Suzuki Shutter (Macau) Company Limited(2) Location

Em Macau, Rua Nova Da Areia Preta N0306,
Hoi Pan Fa Un Bloco Xi Res-Do-Chao D(3) Representative

Masanori Kunihiro, Managing Director

4. Overview of LIXIL Corporation(1) Name

LIXIL Corporation(2) Location

2-1-1 Ojima, Koto-ku, Tokyo 136-8535, Japan(3) Representative

Kazuhiko Ootsubo, President & CEO(4) Business Lines

Provide a variety of building material products, equipments
and a wide range of housing related services for residential
and non-residential markets.

(5) Capital

34.6 billion yen (As of 31 March 2019)

5. Date of the acquisition
Date of executing the stock acquisition

30 September 2019

6. Impact on Sanwa’s financial performance
The impact of this change in subsidiary on the Company’s operating results is currently
under close examination and will be promptly disclosed if necessary.

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