Notice Regarding Transfer of Equity Interest in Subsidiary

2023.12.01 (Fri)

　Santoku Corporation (hereinafter "the Company") hereby announces that it has resolved to transfer all of its equity interest in Baotou Santoku Battery Materials Co., Ltd. (hereinafter "BSBM"), a subsidiary of the Company, to FDK Corporation (headquartered in Minato-ku, Tokyo; hereinafter "FDK"). The transfer is scheduled to take place in late February 2024.

 

　Following the transfer, BSBM will pursue business growth as a member of the FDK Group.
　In addition, the Company intends to place even greater focus on its hydrogen storage alloy business, which leverages the Company's own cutting-edge proprietary technology, and will continue to contribute to the development of a hydrogen society.

 

　Please note that BSBM's production system and quality management system will be carried over after the transfer, and there will be no changes to the supply or quality systems. Sales channels that have previously been handled through the Company will also continue under the same sales structure for the time being. Furthermore, BSBM plans to change its company name in the future, but details are expected to be announced by FDK or BSBM.

 

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(Inquiries: Santoku Corporation, General Affairs Department, TEL 078（431）0532）