Daiwa Securities Group Inc.


Daiwa Securities Group Inc.Press Release

Regarding the partial transfer of share holdings in Ogihara Corporation
Daiwa Securities SMBC Principal Investments Co. Ltd.

Press Release

This document is an unofficial translation and summary of a press release announced on February 19, 2009 by Daiwa Securities SMBC Principal Investments Co. Ltd. The original press release is in Japanese.

Daiwa Securities SMBC Principal Investments Co. Ltd. (President: Akira Inoue, Address: Chiyoda-ku, Tokyo, hereinafter gDaiwa SMBC PIh) decided to transfer a part of shares holdings in Ogihara Corporation (President: Hiroaki Watanabe, Adress: Ota-shi, Gunma, hereinafter gOgiharah) to Thai Summit Autoparts Industry Co., Ltd (President: Somporn Juangroongruangkit, Adress: Thailand, hereinafter gTSAh), as Ogihara entered into business and capital tie-up agreement with TSA. At the current moment Daiwa SMBC PI holds approximately 46 % of shares in Ogihara, and after this transaction, the amount of shares that Daiwa SMBC PI holds in Ogihara will be 10 %.

Since third party allotment of Ogihara shares to Daiwa SMBC PI in January 2003, Ogihara and Daiwa SMBC PI have been working together on growth strategies and strengthening management system to increase shareholder value, by bringing in new management, promoting sales activity and operation efficiency, reorganizing and integrating subsidiaries, and introducing new human resources system. 

As part of Ogiharafs international strategy to expand its automotive press and die business in Asia in association with TSA, TSA has offered Daiwa SMBC PI to acquire its shareholdings in Ogihara. After careful considerations, Daiwa SMBC PI has accepted the offer based on the contribution of this transaction to Ogiharafs overall expansionary business strategy.

Daiwa SMBC PI is planning to transfer its shareholdings in Ogihara to TSA in the middle of March 2009.

 Name: Ogihara Corporation
 Establishment:November 11, 1951
 Headquarter:891-1 Minamiyajima-cho, Ota, Gunma, 373-8630 Japan
 Capital: JPY 1 billion
 Employees:Unconsolidated 885, consolidated 1,712 (as of March 31, 2008)
 Business:Mold design and production, press tools, jig design and production, stamping and sub-assembly, weld build-up


 Establishment: March 16, 1977
 Headquarter:4/3 Moo 1, Bangna-Trad HWY, KMS 16, Bangchalong, Bangplee District Samuthprakarn 10540 Thailand
 Employees:20,322 (as of March 31, 2008)
 Sales:THB 39 billion (as of December 31, 2007) (THB 1 = JPY 2.7)
 Business: Automotive and Motorcycle Parts business
- Manufacture and sales of die and mold, press, weld, sub-assembly, coating, seat production
- Non-Automotive and Motorcycle Parts business
- Hotel operation, golf course operation