News Release


Notice regarding Business Alliance betweenOsaka Gas Information System Research Instituteand Sakura Information System (1/1)

Osaka Gas Information System Research Institute Co., Ltd.

Sakura Information System Co., Ltd.

Osaka Gas Co. Ltd

Sumitomo Mitsui Banking Corporation

 

 

Notice regarding Business Alliance between

Osaka Gas Information System Research Institute

and Sakura Information System

 

 

Japan, July 28, 2006--- Osaka Gas Information System Research Institute Co., Ltd. (OGIS-RI, President: Masakazu Kato), Sakura Information System Co., Ltd. (SIS, President: Ryoji Miura), Osaka Gas Co. Ltd. (Osaka Gas, President: Hirofumi Shibano) and Sumitomo Mitsui Banking Corporation (SMBC, President: Masayuki Oku) today have entered into a basic contract on business alliance in the field of information service business as basically agreed between OGIS-RI and SIS on May 23, 2006.  

 

In addition, on the basis of the basic contract above, SMBC today transferred part of its holdings of SIS shares (equivalent to 34% of the total SIS shares) to OGIS-RI in order to reinforce the alliance. 

 

1. Outline of business alliance

(1) Cooperation in the field of system development

(a) System development, combining SISfs know-how and OGIS-RIfs technology of gObject/UML (Unified Modeling Language) Modelingh

(b) Mutual exploitation of development base

(2) Cooperation in foreign operation

     Mutually utilize the development base in Shanghais, OGIS-RIfs business partner, and SISfs subsidiary in Singapore .

(3) Cooperation in the field of system operation

     Mutually utilize OGIS-RIfs computer center (Nishi-ku, Osaka ) and SISfs center (Shinagawa-ku, Tokyo ).

(4) Exchange and development of human resources

 

2. Outline of SIS after the transfer of shares

(1) Company name

Sakura Information System Co., Ltd.

(2) Head office

4-10,Nihonbashihoncho 3-chome,Chuo-ku, Tokyo

(3) Business description

System development and data processing

(4) Date of establishment

November 29, 1972

(5) Capital stock

600 millions of yen

(6) Number of shares issued

775,000 shares

(7) Principal shareholders

SMBC

OGIS-RI

511,500 shares (66.0%)

263,500 shares (34.0%)

 


Appendix

 

Profile of OGIS-RI

Company name

Osaka Gas Information System Research Institute Co., Ltd.

Head office

Minami 2-37, Chiyozaki 3-chome, Nishi-ku, Osaka-shi, Osaka

Business description

System development, data processing, and sales of computer and software

Date of establishment

June 29, 1983

Capital stock

400 millions of yen (as of March 31, 2006 )

 

Profile of Osaka Gas

Company name

Osaka Gas Co. Ltd.

Head office

1-2, Hiranamachi 4-chome, Chuo-ku, Osaka-shi, Osaka

Business description

Gas and heat supply business

Date of establishment

April 10, 1897

Capital stock

132,166 millions of yen (as of March 31, 2006 )

 

Profile of SMBC

Company name

Sumitomo Mitsui Banking Corporation

Business description

Banking

Date of establishment

June 6, 1996

Head office

1-2, Yurakucho 1-chome, Chiyoda-ku, Tokyo

Capital stock

664,986 millions of yen (as of March 31, 2006 )

 




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