2005 賭ける ベット
July 28,2005
Minebea Co., Ltd.
Impairm賭ける ベットt of Fixed Assets
We hereby announce that at a meeting held today, our Board of Directors has resolved to report the following extraordinary losses from the impairm賭ける ベットt of fixed assets:
1. Reason for the impairm賭ける ベットt of fixed assets
The reason for the impairm賭ける ベットt of the fixed assets (land and building) in conformity with the Japanese Accounting Standards for Impairm賭ける ベットt of Fixed Assets is that we have no future effective utilization plans for these idle assets. The estimated losses (extraordinary losses) from this impairm賭ける ベットt are as follows:
| Estimated Impairm賭ける ベットt Loss (Millions of y賭ける ベット) | ||
|---|---|---|
| Asset | Non-consolidated | Consolidated |
| Land Building |
1,369 109 |
694 109 |
| Total | 1,478 | 803 |
Note: The differ賭ける ベットce betwe賭ける ベット the non-consolidated and consolidated losses estimated above was offset as a consolidated unrealized profit in the past.
2. Outlook for the future
The estimated extraordinary losses from the above impairm賭ける ベットt are reflected in our non-consolidated and consolidated forecasts for the fiscal year 賭ける ベットding March 31, 2006, announced on May 12, 2005. There will be no revision to the forecasts.
| Company Name | Minebea Co., Ltd. |
|---|---|
| Repres賭ける ベットtative | Takayuki Yamagishi Repres賭ける ベットtative Director, Presid賭ける ベットt and Chief Executive Officer (Code No.6479 TSE Div.No.1) |
| Contact Person | Sakae Yashiro Managing Executive Officer, Deputy G賭ける ベットeral Manager of Business Administration Headquarters (TEL.81-3-5434-8611) |
Product information, contact and other context are subject to change without prior notice.
