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NYK's Contract Food Services Company and Restaurant Business Transferred to Seiyo Food-Compass Group
- Shares of Chiyoda Kyushoku Services and Marunouchi Polestar Transferred -

January 11, 2011
Nippon Yusen Kabushiki Kaisha
Seiyo Food-Compass Group, Inc.

Nippon Yusen Kabushiki Kaisha (NYK; president: Yasumi Kudo; head office: Chiyoda-ku, Tokyo) has today concluded an agreement with Seiyo Food-Compass Group, Inc. (Seiyo Food; president: Takeshi Kohjima; head office: Toshima-ku, Tokyo) to transfer shares of two NYK subsidiaries, Marunouchi Polestar Co., Ltd. and Chiyoda Kyushoku Services Co., Ltd., to Seiyo Food. Under the agreement, NYK will retain 10 percent of Chiyoda Kyushoku Services’ shares. 

Objective of share transfer
Chiyoda Kyushoku Services and Marunouchi Polestar, both NYK Group companies, have provided food services for Mitsubishi Group companies and run restaurants in Tokyo’s Marunouchi business district for many years, receiving high acclaim from customers.
 
Seiyo Food is a leading company in Japan’s contract food-services industry. By providing outstanding food services using the most efficient methods, the group has endeavored to enhance its “two CS,” both client satisfaction and customer satisfaction. The company now provides building management and food and drink services to more than 1,500 locations in Japan.
 
Chiyoda Kyushoku Services leverages its business-management know-how and provides attentive service tailored to client and customer perspectives. With the transfer, Chiyoda Kyushoku Services will be able to make use of Seiyo Food’s accumulated expertise in the field of contract food-services, including new client development, procurement, cost management, operations, menu development, safe and secure food handling, and responsible environmental measures. This will help Chiyoda Kyushoku Services promote even stronger relationships of mutual trust with its clients and customers, providing them with a “new enjoyment of food.”
 
Marunouchi Polestar highlyvalues the trust and loyalty it has earned from its customer base over many years in the restaurant business in the Marunouchi district. Building on these advantages, the company will also make use of the profound marketing skills and vast experience that Seiyo Food has accumulated in creating famous restaurant chain brands. This synergy will allow Marunouchi Polestar to promote sales activities that increase bookings for banquets, parties, and other events, and strive to raise its profitability and brand value.
 
Outline of the targeted companies
1.          Chiyoda Kyushoku Services
Company name: Chiyoda Kyushoku Services Co., Ltd.
Representative: Yukio Inose, President
Location: 1-5-1 Marunouchi, Chiyoda-ku, Tokyo
Establishment: April 1, 1977
Business: Contract food services
Capitalization: 50 million yen
 
2.    Marunouchi Polestar
Company name: Marunouchi Polestar Co., Ltd.
Representative: Yukio Inose, President
Location: 1-5-1 Marunouchi, Chiyoda-ku, Tokyo
Establishment: March 15, 1952
Business: Restaurant business
Capitalization: 50 million yen
 
Outline of Seiyo Food-Compass Group
Company name: Seiyo Food-Compass Group Inc.
Representative: Takeshi Kohjima, President
Location: 3-13-3 Higashi-Ikebukuro, Toshima-ku, Tokyo
Establishment: September 6, 1947
Business: Operating office cafeterias, providing food and drink services at hospitals, nursing homes, schools, etc., operating restaurants and kiosks at highway rest areas and golf clubs, operating accommodation facilities 
Capitalization: 22.316 billion yen
                             
Inquiries
Nippon Yusen Kabushiki Kaisha
Corporate Communication Group Phone: +81-3-3284-5188
 
Seiyo Food-Compass Group, Inc.
Legal Affairs & Corporate Communications Dept. Phone: +81-3-3984-0662
 
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