METAWATER

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News Release
12.09.2015

Participation in the establishment of a new company playing a key role in operating the water and wastewater business in Kitakyushu City
Facilitating overseas water/wide-area water supply businesses through a new company funded by both public and private sectors

METAWATER Co., Ltd. (Headquarters: Tokyo, Japan; President: Tomoyasu Kida; hereinafter referred to as “METAWATER”) is pleased to announce that it has participated in the establishment of Kitakyushu Water Service, semiā€governmental corporation engaging in the water and wastewater business, with Kitakyushu City (Mayor: Kenji Kitahashi) and other parties.
Kitakyushu Water Service will handle businesses which will be transferred from the Kitakyushu Water and Wastewater Association (the “Association”), including the management and operation monitoring of water and wastewater facilities in the city. In addition, Kitakyushu Water Service will engage in central operations, overseas water business, and wide-area water supply business.
In participating in the city’s water and wastewater business through Kitakyushu Water Service, METAWATER will leverage its extensive expertise and contribute to facilitating the existing water and wastewater, wide-area water supply, and overseas water businesses.

Overview of the new company

Name of the new company

Kitakyushu Water Service

Main business

  1. Water and wastewater business in the city (operation monitoring of water treatment plants and the central operation of water purification centers)
  • Water business: Operation monitoring of water treatment plants producing drinking water
  • Wastewater business: Quality management of treated wastewater and central operation related to flood control
  1. Wide-area water supply business (partially entrusted with the water business of the Munakata Area Government Office)
  • Water facility management business, water treatment plant operation business, water facility construction business
  1. Overseas water and wastewater business (international technical cooperation and water business)
  • Accommodation of trainees/dispatch of engineers, consulting/advisory services, administration of the Kitakyushu Overseas Water Business Association
 

Capital

JPY 100 million
 

Shareholders and shareholding ratio

Name Investment (1,000 yen) Shareholding ratio Remarks
Kitakyushu City 54,000 54%  
YASKAWA Electric Corporation 19,000 19% Water-related manufacturer
METAWATER Co., Ltd. 19,000 19% Water-related manufacturer
The Kitakyushu Bank, Ltd. 2,000 2% Financial institution
The Nishi-Nippon City Bank, Ltd. 2,000 2% Financial institution
The Bank of Fukuoka, Ltd. 2,000 2% Financial institution
Mizuho Bank, Ltd. 2,000 2% Financial institution
 

Governance structure: Board of Directors, Corporate Auditors

Executives at the time of establishment:
The following executives will be appointed to serve for the period from the time of establishment to before the commencement of business operations (March 2016)
Body Employment system Name Remarks
Board of Directors
  Representative Director and President Full-time Kenji Tomimasu Managing Director, Kitakyushu Water and Wastewater Association
Director Part-time Takayuki Kawakami Project Planning Manager, PPP Department, METAWATER Co., Ltd.
Director Part-time Osamu Isayama Chief Executive, Kitakyushu City Water and Sewer Bureau
Corporate Auditors
  Corporate Auditor Part-time Junichiro Konami Executive Director, General Affairs and Administration Department, Kitakyushu City Water and Sewer Bureau
Executives from April 2016:
  • Directors: Five (three full-time and two part-time directors)
  • Corporate Auditors: Two (two part-time auditors)
* Directors (full-time) and Corporate Auditors (part-time) will be appointed from private companies in the future.
 

Organization

Organization at the time of establishment:
Five people in the general affairs section for the period from the time of establishment to before the commencement of business operations (March 2016)
 
Organization from April 2016:
  • Five-department structure (General Affairs Department, Water Department, Wastewater Department, International Business Department, Wide-Area Business Department)
  • No. of employees: Approx. 250 (including those transferred from the Association and new hires)
 

From establishment to commencement of business operations

The new company will engage in preparations for the transfer of business from the Association to the new company from the time of establishment until before the commencement of business operations (March 2016).
Major preparation tasks:
  • Business handover related to the transfer of business operations
  • Planning related to the commencement of business operations
  • Filing of commencement of business operations (e.g. city, tax office, labor standards supervision office, public employment agency, social insurance office)
  • Permit application (permit for industrial waste collection and transportation, registration as a sewage treatment facility maintenance provider)

 Schedules

December 1, 2015: Registration of incorporation
December 2015 to March 2016: Preparation for business transfer from the Association to the new company
April 1, 2016: Commencement of business operations

 

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