October 26, 2011
SANIX to Establish New Subsidiary
At the Board of Directors Meeting held on October 26, 2011, Sanix Incorporated (Ticker : 4651,TSE/OSE/FSE, President & CEO: Shin-ichi Munemasa) announces its decision to establish a wholly-owned subsidiary.
1. Purpose of establishing subsidiary company
Sanix Incorporated will establish a wholly owned subsidiary to entry into the market for Solar Photovoltaic Power Generation Systems for Public/ Industrial Use which is expected to expand further, based on our sales results for the home-use Solar Photovoltaic Power Generation System.
2. Outline of established subsidiary(All the following details are tentative at this stage)
(1) Company name |
SANIX ENGINEERING INCORPORATED |
(2) Location |
1-2-8, Toranomon, Minato-ku, Tokyo, Japan |
(3) Representative |
CEO, Masahiro Shimojo(Managing Director and General Manager of Solar Photovoltaic Power Generation System Division, SANIX Incorporated) |
(4) Primary Business |
Planning, designing, selling, construction and consulting for Solar Photovoltaic Power Generation Systems for Public/ Industrial Use |
(5) Paid-in capital |
JPY 10 million |
(6) Share holders |
Wholly-owned by SANIX INCORPORATED |
(7) Fiscal year end |
March 31 |
(8) Establishment of a company |
Early in January, 2012 |
(9) Commencement of business |
Late in February, 2012 |
3. Outlook
The establishment of this new subsidiary company will have no impact on the Company’s consolidated results for the Fiscal Year ending in March 2012.
For more information, please contact:
Toshiyuki Tominaga, General Manager,
Management & Planning Division |