Hereby we report that we have transferred all the stocks of KUGAMI Holdings Co., Ltd. (“KUGAMI HD”) owned by the fund under our management (J-STAR No.2 Investment Limited Partnership), to the new owner. KUGAMI HD is the holding company of KUGAMI Co., Ltd. (head office: Yokohama, Kanagawa; RL: http://www.kugami.com/eng/company/index.html; “KUGAMI”).
KUGAMI has expanded its businesses mainly in automotive and electric appliance plastic-molded parts manufacturing, since its foundation in 1965 as a plastic-molding company. We have supported KUGAMI for its globalization and adaptation to evolving auto-parts supply chain, by expansion into Mexico and acquisition of subcontractors.
We believe that KUGAMI would achieve further growth upon this transaction.