Sales of Share Holdings
Information Services International-Dentsu, Ltd. (ISID, head office: Nakano-ku, Tokyo, Representative: Jutaro Takinami, President & CEO) announces that the company sold its holdings of C-Three Inc., an affiliate, to Trans Cosmos, Inc. (TC) on September 30, 2002, after a Board of Directors' meeting decided on the sales earlier that day.
1. Sales made to
Trans Cosmos, Inc.
2. The number of shares sold
1,360 shares (*1)
3. The date of the sales
September 30, 2002 (Monday)
4. The reason for the sales
C-Three was established with capital of ¥100 million, of which 66% of the shares were held by TC and 34% were held by ISID, in October 1997. It mainly provided technical services to manufacturers.
The shareholders' agreement between Trans Cosmos and ISID limits the company's operation to technical services concerning CAD/CAM/CAE software for manufacturers.
By ISID's selling its shares, the limit on C-Three's business expansion previously agreed on between the shareholders is canceled. As a result of an agreement at this time with Trans Cosmos, ISID consented to sell its shares to help the business expansion of C-Three, on the condition that ISID could receive various kinds of expertise and human resources through the expansion process.
5. Impact on earnings
The sales of securities holdings are expected to have a minimal impact on earnings for the current term.
(*1)
C-Three Inc. securities holdings ratio
•Information Services International-Dentsu, Limited
Before the sales: 1,360 shares (36%)
After the sales: 0 (0 %)
[About C-Three Inc.]
Nameof the company: C-Three Inc.
President: Reiji Goto
Establishment: October 1, 1997
Capital: ¥200 million (Increase of capital on November 11, 1999)
Number of employees: 190
Shareholder: Trans Cosmos, Inc. 100%
Headquarters: Akasaka Moatside Bldg. 2F 1-1-7 Moto-Akasaka, Minato-ku, Tokyo 107-0051
