Okabe Co., Ltd. has established a new subsidiary in Jakarta called PT. Okabe Hardware Indonesia, in last April, in which the Company holds a 99% stake. One of the Company's management strategies is to accelerate global expansion, and it is striving to develop business in the United States and the ASEAN region.

To develop its business in Indonesia, which is seeing remarkable growth in population and GDP even among ASEAN countries, and where as a consequence purchasing power is increasing, the Company has established PT. Okabe Hardware Indonesia, in which it holds a 99% stake. The Company has now decided to start a new business at a large store in South Tangerang city near Jakarta to sell construction materials to construction companies and clients.

Through this business, the Company aims to provide a space where Indonesian construction companies and clients can conveniently and comfortably purchase high-quality materials from a wide range of merchandise based on the Company's supportive proposals. A store to sell construction materials will be opened. To meet the particular demands of construction companies and clients, the Company will offer an extensive product lineup of high quality construction materials (sanitary equipment, tiles, paints, power tools, etc.) in cooperation with local suppliers in Indonesia and suppliers in other countries.

The Company plans to establish a new brand called OKABE GALLERY to showcase the business concept and to feature an extensive lineup of large construction materials for construction companies and housing renovation materials for sole proprietors. People visiting the store will be able to see and feel the actual merchandise in the experience-based showroom. The store will also cooperate with local architectural design and renovation companies, with these companies entering as tenants in the store building.

Accordingly, clients will be able to request design as well as new construction and renovation in addition to purchasing construction materials, all in one stop. The Company is also planning to visit construction sites for marketing and sales, at which it excels, in addition to sales in the store. Going forward, the Company will run multiple stores and explore a future possible operation of online sales with the use of information technologies.