June 24, 2024

Tokuyama Corporation

Tokuyama Dental Corporation

Tokuyama Corporation (hereinafter referred to as "Tokuyama" or "the Company") and Tokuyama Dental Corporation (hereinafter referred to as "Tokuyama Dental") today announced details of the decision to include Tokuyama Dental Italy S.r.l. (hereinafter referred to as "TDI") in the scope of Tokuyama Dental's consolidation as a wholly owned subsidiary effective June 21, 2024 with the intention of accelerating the Group's dental materials and equipment business in Europe. Prior to this inclusion, Tokuyama Dental held a 51% equity interest in TDI, a subsidiary based in Italy.

Established as a joint venture between Euronda Italy S.p.A. (hereinafter referred to as "EIS"), a Italian dental materials and equipment manufacturing and sales company, and Tokuyama Dental in August 2003, TDI has worked to cultivate sales channels for Tokuyama Dental's products in Europe. In acquiring all of the 49% interest held by joint-venture partner, EIS, TDI has become a wholly owned subsidiary of Tokuyama Dental in this instance.

Centered on composite resins for dental fillings, Tokuyama Dental's overseas business continues to expand rapidly in all regions worldwide. Within this global network, the European market, with its high income level and global brand recognition, represents one of Tokuyama Dental's most important operating base. The Tokuyama Group's goal is to expand its market share in each country throughout Europe. With the inclusion of TDI in the scope of Tokuyama Dental's consolidation as a wholly owned subsidiary, the Group will endeavor to expand sales in this important market with a sense of urgency.

TDI Profile
Company name: Tokuyama Dental Italy S.r.l.
Location: Sandrigo VI, Italy
Capital: € 99,000
Representative: Yosuke Ozawa
Business activities: Sale of dental materials and equipment
Date of share transfer: June 21, 2024

Contact concerning this release
Corporate Communications & Investor Relations Dept.
Tokuyama Corporation
TEL: +81-3-5207-2552
Tokuyama Dental Corporation
TEL: +81-3-3835-2260

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Tokuyama Corporation published this content on 24 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2024 07:39:21 UTC.