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Tokyo, August 8, 2001 - KDDI Corp. announced that two of its subsidiaries, KDD Network Systems Co., (KDD-NS) and TELECOMET International Inc., (TII) today signed an agreement to merge their operations from October 1, 2001.
By merging the solutions operations that were developed separately by KDD-NS and TII, the KDDI group strengthens its own solutions services. The KDDI group will now be able to provide planning, development, equipment, and sales and support of communications infrastructure and systems, as well as related power and air conditioning services to a wide range of industries.
KDD-NS itself will remain an existing company after being merged with TII.
| Name of the company |
KDD-NS
Par value
50,000 yen per share |
TII
Par value
50,000 yen per share |
| Merger ratio |
1 |
0.21 |
After the merger
| Name of the company |
K-Solutions Inc. |
| Address |
2-3-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo |
| Director |
President: Masanori Amano |
| Capital |
672.4 million yen |
| Number of employees |
376 |
| Main shareholders |
| KDDI Corp |
9,838 shares | 85.19 % |
| CSK Corp |
1,210 shares | 10.47 % |
| MITSUBISHI Electric Corp |
100 shares | 0.87 % |
| TOSHIBA Corp. |
100 shares | 0.87 % |
| NISHIMU Electronics Industries Co., Ltd |
100 shares | 0.87 % |
| KYOWA EXEO Corp |
100 shares | 0.87 % |
| Nippon COMSYS Corp |
100 shares | 0.87 % |
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Summary of the companies involved
| Name |
KDD Network Systems Co. |
TELECOMET International Inc |
| Date of establishment |
July 29, 1996 |
November 1, 1984 |
| Headquarters |
Nishi-Shinjuku, Tokyo |
Hon-Komagome, Bunkyo-ku, Tokyo |
| Director |
President: Hideki Saito |
President: Masanori Amano |
| Capital |
370 million yen |
1.44 billion yen |
| Number of employees |
167 |
209 |
| Main shareholders |
| KDDI Corp |
| 5,000 shares | 90.9% |
| MITSUBISHI Electric Corp |
| 100 shares | 1.8% |
| TOSHIBA Corp |
| 100 shares | 1.8% |
| NISHIMU Electronics Industries Co.,Ltd |
| 100 shares | 1.8% |
| KYOWA EXEO Corp |
| 100 shares | 1.8% |
| Nippon COMSYS Corp |
| 100 shares | 1.8% |
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| KDDI Corp |
| 23,040 shares | 80 % |
| CSK Corp |
| 5,760 shares | 20 % |
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| Summary of operations |
Planning, design, development, manufacture and sales of communication equipment, systems, electricity, and air conditioners for prefectural and city governments, public projects and communication providers |
Sales of global system integration operation and related equipment to public offices, trading houses, manufacturers, and companies in the financial, media, distribution, and transportation industries. |
| Sales profit |
14.7 billion yen in fiscal 2000 |
8.3 billion yen in fiscal 2000 |
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