Keeper Technical Laboratory Co., Ltd. Announces Along with Toshiya Kimura and Tokyo Century Leasing Pte. Ltd Establishment of Joint Venture "Sg Keeper" in Singapore
February 19, 2024 at 02:30 am
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KeePer Technical Laboratory Co., Ltd. announced that company along with Toshiya Kimura and Tokyo Century Leasing (Singapore) Pte. Ltd., a consolidated subsidiary of Tokyo Century (8439 TSE Prime), has established a joint venture named "SG KeePer" in Singapore through shared investment. The establishment of the joint venture aims to enhance the global recognition of the KeePer brand through KeePer LABO's first overseas outlet. As outlined during the financial results briefing for the fiscal year ending June 2023, the fiscal year was designated as a year for exploring overseas expansion for company. In addition to strengthening personnel structure, the company have been actively engaged in initiatives towards overseas expansion. Through this joint venture with a local Japanese partner, the company aim to diversify risks while positioning Singapore as the "showcase" for Southeast Asia. The company will expand
Japanese-style coating and car washing business in the region. With this strategy, the company will accumulate know-how in overseas operations and accelerate the development of new products and services tailored to the local business environment. This will facilitate faster product deployment in future target countries. The company will continue to actively pursue initiatives as part of company's global growth strategy. Outline of SG KeePer. Representative; Toshiyuki Kaku, Representative Director and President of KeePer Technical Laboratory Co., Ltd. Business Operation of KeePer LABO business, sales of KeePer products, and related businesses. Capital; SGD 1.2 million (approximately ¥133 million). Date of establishment is February 19, 2024. Shareholding ratio; KeePer Technical Laboratory Co., Ltd.: 51%. Toshiya Kimura: 30%. Tokyo Century Leasing (Singapore) Pte. Ltd.: 19%.
KeePer Technical Laboratory Co., Ltd is a Japan-based company primarily engaged in the car washing business. The Company operates its business in two segments. Its KeePer Products-related segment manufactures chemical products for car coating uses and tools for professional use, sells its products to car washing stores. Its KeePer Operation segment involves in the operation of KeePer LABO stores, providing car coating services.
Keeper Technical Laboratory Co., Ltd. Announces Along with Toshiya Kimura and Tokyo Century Leasing Pte. Ltd Establishment of Joint Venture "Sg Keeper" in Singapore