Kanematsu Corporation (hereinafter “Kanematsu”) and Hanwa Co., Ltd. (hereinafter “Hanwa”) have entered into an agreement whereby Kanematsu will transfer all shares it holds in Kanematsu Trading Corporation (hereinafter “KGT”), a consolidated subsidiary of Kanematsu, to Hanwa on April 1, 2025.
Along with the shares of KGT, the shares of four other companies will also be transferred to Hanwa: shares held by KGT in Kyowa Steel Co., Ltd. (ownership ratio: 100%), Eiwa Metal Co., Ltd. (ownership ratio: 92.7%), and Kenkosha Co., Ltd. (ownership ratio: 100%), and shares held by Kyowa Steel Co., Ltd. in Kyowa Unyu Inc. (ownership ratio: 100%).
Over the past several years, Hanwa has rapidly expanded its steel business, which accounts for approximately 50% of its revenue, as well as its metal recycling business and primary metal business, which also focus on metal. Hanwa has set steel transaction volume as a quantitative target under its medium-term business plan and is promoting investments accordingly.
Ever since its founding as a member of the Kanematsu Group in 1970, KGT has primarily engaged in the domestic and global distribution of steel products and raw materials while also conducting business in various other areas, including steel plate cutting, design and installation of metal fittings, and sale of specialty steels such as titanium products.
Positioning “expansion of value proposition” as one of the key policies under its medium-term management plan “integration 1.0,” Kanematsu is engaging in supply chain transformation and creation through prioritizing efforts in the three areas of DX, GX, and innovation. The reasoning behind the decision to implement the transfer of shares is as follows: we judged that economies of scale are crucial for not only the further growth of KGT and its subsidiaries but also the further revitalization and optimization of the entire steel industry, and that the integration of KGT and its subsidiaries into the Hanwa Group would contribute to these ends and lead to synergistic effects.
■About Hanwa Co., Ltd.
| Name | Hanwa Co., Ltd |
| Establishment | April, 1947 |
| Head office | 4-3-9, Fushimi-machi, Chuo-ku, Osaka 541-8585, Japan |
| Representative | Yoichi Nakagawa, President |
| Paid-in capital | 45.6 billion yen |
| Business | Domestic sale, export, and import of steel, steel raw materials, various metals, food, energy, household materials, timber, machinery, etc. |
| Ｕ Ｒ Ｌ | https://www.hanwa.co.jp/en/ |
■About Kanematsu Trading Corporation
| Name | Kanematsu Trading Corporation |
| Establishment | December, 1970 |
| Head office | 1-13-1, Kyobashi, Chuo-ku, Tokyo 104-0031, Japan |
| Representative | Osamu Iwata, President |
| Paid-in capital | 260 million yen |
| Business | Sale of steel materials, civil engineering materials, building materials, iron-making raw materials, steel-making raw materials, stainless steel, specialty steels, etc., steel frame construction, and interior and exterior contracting work |
| Ｕ Ｒ Ｌ | https://e-kgt.com/en/ |
＜Contact＞
PR Section, Kanematsu Corporation Tel: +81-3-6747-5000 https://www.kanematsu.co.jp/en/inquiry/