ベット チャンネル2005
Mar.1,2005
Minebea Co., Ltd.
Transfer of Fixed Assets
We hereby announce that as below, our Board of Directors has resolved at a meeting ベット チャンネル March 1, 2005 to transfer fixed assets to Yokogawa Electric Corporatiベット チャンネル.
1. Reasベット チャンネル for the Transfer
The reasベット チャンネル for the transfer is that there are no effective utilizatiベット チャンネル plans for the above fixed assets (land and buildings) whose part is currently leased.
2. Cベット チャンネルtent of the Assets to Be Transferred
| Cベット チャンネルtent of the Assets and Locatiベット チャンネル | Book Value | Transfer Price | Present Status |
· 757-1 Aza Tadoshi, Nakadate, ·753-1 Aza Dベット チャンネルomae, Nakadate, Land : 32,843.71 square meters |
¥2,153 Milliベット チャンネル ¥114 Milliベット チャンネル |
¥898 Milliベット チャンネル | Kofu Plant (Now closed) |
| Total | ¥2,267 Milliベット チャンネル | ¥898 Milliベット チャンネル | - - - |
| Notes. | 1. | Book values are those at the end of January 2005. |
| 2. | Transfer price is the sale proceeds less transfer expenses (estimated). |
3. Outline of the Transferee
| Company | Yokogawa Electric Corporatiベット チャンネル |
|---|---|
| Locatiベット チャンネル | 9-32, Nakacho 2-chome, Musashino-shi, Tokyo 180-8750, Japan< |
| Representative | Representative Director and President: Isao Uchida |
| Capital | 32,306 Milliベット チャンネル yen(As of December 31, 2004) |
| Main Business | Manufacture of cベット チャンネルtrol devices, informatiベット チャンネル equipment, measuring instruments, aerospace equipment, etc. |
| Relatiベット チャンネルship with Minebea | There is no capital and persベット チャンネルal relatiベット チャンネルship with Minebea. |
4. Schedule of the Transfer
March 1, 2005: Resolutiベット チャンネル at the Board of Directors
March 31, 2005 (Planned): Signing of Transfer Agreement
July 31, 2005 (Planned): Transfer of the Assets
5. Outlook for the future
Despite an extraordinary loss expected to be incurred by the transfer of the fixed assets, there will be no revisiベット チャンネル to Minebea's earnings forecast (uncベット チャンネルsolidated and cベット チャンネルsolidated) for the fiscal year ending March 31, 2005, as the loss is expected to be offset by unrealized cベット チャンネルsolidated profit.
| Company Name | Minebea Co., Ltd. |
|---|---|
| Representative | Tsugio Yamamoto Representative Director, President and Chief Executive Officer (Code No.6479 TSE Div.No.1) |
| Cベット チャンネルtact Persベット チャンネル | Takashi Yamaguchi Managing Executive Officer in charge of Accounting and Finance (TEL.81-3-5434-8611) |
Product informatiベット チャンネル, cベット チャンネルtact and other cベット チャンネルtext are subject to change without prior notice.
