Announcement Regarding the Acquisition (Subsidiarization) of Hikari Packs Ishikawa Co., Ltd.
The Pack Corporation (Head Office: Osaka City, Osaka Prefecture; President: Hideaki Yamashita; hereinafter “the Company”) is pleased to announce that it has acquired shares of Hikari Packs Ishikawa Co., Ltd. (Head Office: Kaga City, Ishikawa Prefecture; President: Hideyuki Okada), making it a subsidiary, as outlined below.
Although this transaction does not fall under the criteria for timely disclosure, the Company has determined that it represents useful information and has therefore chosen to disclose it voluntarily.
1. Purpose of the Share Acquisition
As a comprehensive packaging manufacturer, The Pack Group engages in the planning, manufacturing, and sales of packaging-related products — primarily paper bags, folding cartons, corrugated products, and chemical-based packaging materials. Expanding our business domains and enhancing corporate value remain key management priorities.
Hikari Packs Ishikawa Co., Ltd., the newly acquired subsidiary, specializes in the manufacture and sale of printed folding cartons, with a primary focus on food and confectionery manufacturers.
By welcoming Hikari Packs Ishikawa into our Group, we aim to expand our production capacity in the food packaging segment and leverage the company’s robust quality control systems and technical expertise. We believe this acquisition will contribute significantly to the further growth and strengthening of The Pack Group’s business foundation. Based on this strategic assessment, the Company has decided to proceed with the share acquisition.
2. Overview of the Acquired Company
| Item | Details |
|---|---|
| (1) Name | Hikari Packs Ishikawa Co., Ltd. |
| (2) Location | 6-6 Nango-machi Ni, Kaga City, Ishikawa Prefecture |
| (3) Representative | President: Hideyuki Okada |
| (4) Business Description | Manufacturing and sales of folding cartons; planning and design of packaging materials; printing services |
| (5) Capital | 3 million yen |
| (6) Established | August 11, 1993 |
| (7) Major Shareholder & Ownership Ratio | Hideyuki Okada – 100% |
| (8) Previous Fiscal Year Net Sales | 960 million yen |
3. Future Outlook
Beginning April 1, 2025, Hikari Packs Ishikawa will commence operations under The Pack Group.
Through the expansion of sales in the food market and the growth of folding carton product lines — both key pillars of our medium-term management plan — we aim to achieve our FY2025 consolidated net sales target of 107 billion yen.
The deemed acquisition date of Hikari Packs Ishikawa Co., Ltd. is December 31, 2024, and the company will be included in our consolidated financial statements starting from the first quarter of the fiscal year ending December 2025.
We anticipate that the impact of this acquisition on The Pack Group’s consolidated business performance for the fiscal year ending December 2025 will be minor.
For inquiries regarding this matter:
IR & Public Relations Department
The Pack Corporation
TEL: 03-3469-1221
E-mail: koho@thepack.co.jp