Establishment of Indonesia Subsidiary
~ Ready for expanding our construction activities ~

September 21,2023

TOA CORPORATION (Shinjuku-ku, Tokyo: President Takeshi Hayakawa) and PT. Tunas Jaya Sanur (Local construction company) has established the local subsidiary "PT. TOA TUNAS JAYA INDONESIA" in Jakarta, the capital of Indonesia on March 16th, 2023.

Since 1967, TOA CORPORATION has been operating in Indonesia as a representative office and has executed various construction projects, including port development funded by Japanese Official Development Assistance. Establishing a local subsidiary will allow us to expand our business activities to construction projects that a representative office cannot participate in.

PT. Tunas Jaya Sanur, the partner of the local subsidiary, is a general construction company that is primarily based in Bali and is responsible for executing various building works, including resort facilities. TOA CORPORATION and PT. Tunas Jaya Sanur have already collaborated on some construction projects. In the year 2019, we jointly completed "the Bali Culture Hall Construction Project" The local subsidiary plans to increase building works.

In our Medium-term Management Plan, TOA CORPORATION is aiming to seek business partnerships with local construction companies and establish overseas affiliates to expand local capital engineering and building construction projects. Establishing the local subsidiary corresponds to achieving the Medium-term Management Plan. Through the activities of the local subsidiary, we will continue to contribute to the creation of a better life in Indonesia by leveraging the strengths of both companies and executing projects faithfully and steadily.

Summary of Indonesia Subsidiary

  1. Name
    PT.TOA TUNAS JAYA INDONESIA
  2. Location
    L'Avenue Office 28Fl, Unit F, Jl. Raya Pasar Minggu Kav 16, Pancoran Jakarta 12780 INDONESIA
  3. Representative
    Fahrudin Sokran Daud
  4. Scope of Work
    Execution and repair of building and civil engineering work
  5. Capital
    Number of issued shares 80,600 IDR80,600,000,000
    Number of issued shares at the time of incorporation is same as above.
  6. Registration Date
    March 16th, 2023
  7. Start of Activities
    September, 2023
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