May 31, 2004
Weathernews Establishes Subsidiary in France
Weathernews Inc. announced today that it has established a subsidiary to be headquartered in Paris, France.
Aims of Establishment of Subsidiary
Following the establishment of Weathernews Italia SpA (headquartered in Milan) in January of this year and Weathernews Iberia S.A. (headquartered in Madrid) in March, Weathernews set up Weathernews France SAS, a new subsidiary, in Paris, France as one link in its global strategy, in particular to strengthen its operations in Europe. This action follows similar steps the company took last year to bolster its business in the United States. Besides further reinforcing the present network of European bases in the U.K., Germany, and the Netherlands, Weathernews had been planning for some time to open new bases in promising markets, including Italy, Spain and France. Establishing the new company headquartered in Paris, France is a part of this overall plan.
Purpose of Establishing New Subsidiary
1) Marketing of weather information services to corporate customers in France 2)
Marketing of weather information services to individuals and the general public in France
Outline of Company
1) Name: Weathernews France SAS 2) Address: 38 Rue de la Convention, 94270 Le Kremlin Bicetre 3) Date of establishment: May 26, 2004 4) Capital: 250,000 euro 5) Representative directors: Remy Combaret, President (Weathernews France SAS)
Hiroyoshi Ishibashi, Executive Vice President (Group Chairman & CEO, Weathernews Inc.)
T. Francis Yukawa, Executive Vice President (Executive Vice President, Weathernews Inc.)6)
Reporting period:
March 31 of each year
