Ministry of Economy, Trade and Industry
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Authorization of a Business Restructuring Plan Submitted by Laguna Ten Bosch Co., Ltd. under the Industrial Competitiveness Enhancement Act

On July 25, 2014, the Ministry of Economy, Trade and Industry (METI) authorized a business restructuring plan submitted by Laguna Ten Bosch Co., Ltd., pursuant to Article 24, paragraph (1) of the Industrial Competitiveness Enhancement Act.

In accordance with the plan, the company will succeed to three businesses that will be split off from Gamagori Marine Development Co., Ltd., namely, a theme park, a commercial facility, and a marine hot-bath therapy facility. The company will leverage the sales channels and the public recognition of the brand that H.I.S. Co., Ltd., its parent company, has, to the maximum possible extent, as well as effectively exercising its capability in cultivating new services and providing them to customers, thereby aiming to vitalize such regional theme park and further enhance business values.

1. Authorization of the Business Restructuring Plan

METI examined the business restructuring plan submitted by Laguna Ten Bosch pursuant to Article 24, paragraph (1) of the Industrial Competitiveness Enhancement Act, and concluded that the company satisfied the requirements specified by said Act as an entrepreneur who is to carry out business restructuring defined by Article 2, paragraph (11) of said Act, and authorized the plan.

Following the authorization, the company is eligible to receive a reduction of the registration and license tax required for the real property registration and the capital increase upon the company’s absorption of the split businesses.

2. Implementation period

From August 2014 to September 2016

3. Applicant’s profile

Name: Laguna Ten Bosch Co., Ltd.
Capital: 1.048 billion yen
Representative: Yasuhiro Tatsumi, President
Head Office: 6-8-1, Nishishinjuku, Shinjuku Ward, Tokyo

Release Date

July 25, 2014

Division in Charge

Creative Industries Division, Commerce and Information Policy Bureau

Ministry of Economy, Trade and Industry
1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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