2002 スポーツ ベット io
Sept.27,2002
スポーツ ベット ionebea Co., Ltd.
Liquidation of Subsidiaries
We hereby announce that our Board of Directors has resolved at a meetスポーツ ベット iog on September 27, 2002 to liquidate the followスポーツ ベット iog two subsidiaries:
1.The Background to Liquidation
(1)スポーツ ベット ionebea Electronics (UK) Ltd.
スポーツ ベット ionebea Electronics (UK) Ltd. is a UK subsidiary responsible for the development of our switching power supplies business. When this Company was set up in 1991, many personal computer companies in Europe were operating from Scotland. Due to this, we founded the Company in Scotland to develop switching power supplies close to our customers. In recent years, however, customers have been shifting their production bases to Asia and Eastern Europe. To ensure the further efficiency of operations therefore, we have decided that we will consolidate the Company's development functions into German subsidiary NMB-スポーツ ベット ionebea-GmbH with a research and development department of switching power supplies, and will liquidate the Company.
(2)NMB (U.K.) Ltd.
NMB (U.K.) Ltd. is a UK subsidiary that imports and sells primarily スポーツ ベット ionebea products in that country. In conjunction with the resolved closure of スポーツ ベット ionebea Electronics (UK) Ltd., we have decided that we will restructure our U.K. businesses to ensure the further efficiency of operations. We have also decided that all the operations of NMB (U.K.) Ltd. will be consolidated into British subsidiary Rose Bearings Ltd., which makes and sells ball bearings as well as rod-end and spherical bearings, and that after the integration, the Company will be liquidated.
2.Outlスポーツ ベット ioes of the Subsidiaries to Be Liquidated
| Country: | スポーツ ベット ionebea Electronics (UK) Ltd. Renfrewshire, Scotland |
NMB (U.K.) Ltd. Berkshire, U. K. |
|---|---|---|
| Representative: | Takayuki Yamagishi | Daishiro Konoスポーツ ベット io |
| Capital: | Stg. 14,500,000 | Stg. 500,000 |
| Major shareholders: | 100% owned by Rose Bearings Ltd. (A wholly- owned subsidiary of スポーツ ベット ionebea) | 100% owned by Rose Bearings Ltd. (A wholly- owned subsidiary of スポーツ ベット ionebea) |
| Busスポーツ ベット ioess: | Development of switchスポーツ ベット iog power supplies | Sale and development of スポーツ ベット ionebea products |
| Expected liquidation: | End of June 2003 | End of June 2003 |
3.Impact of the Liquidation
We expect no significant impact on our profit forecast for the year endスポーツ ベット iog スポーツ ベット io March 2003.
| Company Name : | スポーツ ベット ionebea Co., Ltd. |
|---|---|
| Representative : | Tsugio Yamamoto President and Representative Director (Code No. 6479 TSE Div. No.1) |
| Contact Person : | Sadahiko Oki Director and General Manager of Accountスポーツ ベット iog Department (Tel. 03-5434-8611) |
Product スポーツ ベット ioformation, contact and other context are subject to change without prior notice.
