Jamco Corporation has, as of today's date, undertaken a capital increase in MRO Japan Co., Ltd. (hereinafter, "MRO Japan") through third-party allocation of shares.

Through this capital participation in MRO Japan, Jamco aims to achieve a synergistic effect for its aircraft maintenance business through MRO (Maintenance, Repair, and Overhaul) aircraft business development, targeting Asia and the rest of the world.

 

To date, MRO Japan has been engaged in aircraft maintenance work mainly for ANA Group’s equipment at Itami Airport in Osaka. However, once the hanger is complete at Naha Airport in Okinawa, which is currently under construction, the company will relocate its office to Okinawa where it will take full advantage of regional support and geographical advantage of Naha Airport’s location in the center of Southeast Asia. By combining this with the strong domestic and international demand for aircraft maintenance, which is also expect to continue expanding, MRO Japan aims to become Japan's leading dedicated aircraft maintenance company.

 

OVERVIEW OF COMPANY AFTER CAPITAL INCREASE

Head office location                     : Naha City, Okinawa Prefecture

Capital and capital reserves     : 1 billion yen

Shareholder structure                 : ANA Holdings Inc. 45%; Jamco Corporation, 25%;

                                                                Mitsubishi Heavy Industries, Ltd., 20%;

                                                                Okinawa Development Finance Corporation, 2%;

                                                                Bank of the Ryukyus, Ltd., 2%; Bank of Okinawa, Ltd., 2%;

                                                                Okinawa Kaiho Bank, Ltd., 2%; Okinawa Electric Power Company, Inc., 2%.