New Ownership For Kyosho
Once again we find it troubling to post more industry news of this nature, but Kyosho has announced new ownership. Kyosho has long been a leader in the rc car industry. Various Kyosho cars and trucks have brought thousands upon thousands of new people into our hobby, while their high-end racing program has been dominate in 1/8th buggy over the decades. With new ownership going forward, we can’t wait to see what Kyosho has in store for us for the rest of 2018. Here is the official statement-
“For Further Enhancing Kyosho Brand And Customer Satisfaction:
Effective April 13, 2018, we are pleased to announce that we made a fresh start under new corporate management setup under sponsorship of Shinsei Rembrandt Partners 1st Investment Limited Partnership (the “Sponsor”), co-managed by Shinsei Corporate Investment Limited, a private equity affiliate of Shinsei Bank, and Rembrandt Investment Co., Ltd..
We would also like to announce that, during the extraordinary shareholders’ meeting followed by the board of directors’ meeting held on April 13, 2018, our new management structure has been confirmed as below. Welcoming 5 (five) outside directors appointed by the Sponsor and taking full advantage of their broad knowledge and talents, we all will strive hard at every level for further accelerating growth of our corporate value.
New Management Structure
President Katsumi Watanabe
Senior Managing Director Yoshiaki Morimoto
Outside Director Ippei Matsubara CEO, Shinsei Corporate Investment Limited
Outside Director Takahisa Komatsu CFO, Rembrandt Holdings Co., Ltd.
Outside Director Kazutaka Yamada Managing Director, Shinsei Corporate Investment Limited
Outside Director Masaki Yahagi Deputy Manager, Management Planning Department, Rembrandt Holdings Co., Ltd.
Outside Director Kenji Tanaka CEO, Gordon Brothers Japan Co., Ltd.
Outside Auditor Tetsuya Kubota CPA, Tetsuya Kubota CPA Office
In addition, Akihisa Suzuki, the former president and CEO, will serve as our corporate advisor and provide us with his advices from various aspects, such as product planning, production, marketing, etc., for our company’s rebirth.
We look forward to your continuous support and cooperation in future.