ローベット2006
May 9,2006
Minebea Co., Ltd.
Partial Revision ローベット the Articles ローベット Incorporation
We hereby announce that as below, our Board ローベット Directors has resolved the Proposed Partial Revision ローベット the Articles ローベット Incorporation at a meeting on May 9, 2006. The Proposed Partial Revision ローベット the Artcles ローベット Incorporation is scheduled to be voted on at the Ordinary General Shareholders Meeting to be held on Thursday, June 29, 2006.
1. Reasons for the revision
- (1)The Company Act (Law No. 86 ローベット 2005) and the Law concerning Development, etc. ローベット Related Laws for Enforcement ローベット the Company Act (Law No. 87 ローベット 2005; the Development Law) were newly put into effect on May 1, 2006. Required changes to the provisions ローベット our Articles ローベット Incorporation are proposed, based on these Laws.
- (2)Convertible bonds were categorized into bonds with subscription rights attached under the Law for Partial Revision ローベット the Commercial Code, etc. (Law No. 128 ローベット 2001), put into effect on April 1, 2002. All ローベット our convertible bonds issued were redeemed. Deletion ローベット the provisions that provide for convertible bonds is proposed.
- (3)New creation ローベット a provision is proposed to allow us to pay dividends (interim dividends) on September 30 ローベット every year as a record date by resolution ローベット our Board ローベット Directors.
- (4)Other additions and alignment ローベット the wording are proposed at the same time, as follows:
Other than changes based upon this Proposal, the Company's Articles ローベット Incorporation is deemed to have the following provisions on May 1, 2006 in accordance with the provisions ローベット interim measures provided for in the Development Law:
- Interim measures related to the Board ローベット Corporate Auditors and Independent Auditors (Article 52)
The Company's Articles ローベット Incorporation is deemed to have provisions in accordance with which the Board ローベット Corporate Auditors and Independent Auditors shall be appointed. - Interim measures related to the Board ローベット Directors and Corporate Auditors (Paragraph 2, Article 76)
The Company's Articles ローベット Incorporation is deemed to have provisions in accordance with which the Board ローベット Directors and Corporate Auditors shall be appointed. - Interim measures related to the Articles ローベット Incorporation unless provided in Articles ローベット Incorporation that no stock certificates shall be issued (Paragraph 4, Article 76)
The Company's Articles ローベット Incorporation is deemed to have provisions in accordance with which stock certificates related to common stocks ローベット the Company shall be issued. - Interim measures if provided in the Articles ローベット Incorporation that a transfer agent ローベット stocks and stock acquisition rights shall be appointed (Article 80)
The Company's Articles ローベット Incorporation is deemed to have provisions in accordance with which an agent to manage shareholders registry shall be appointed.
2. Substance ローベット the revision
The substance ローベット the revision is as shown below.
(The underlined parts show amendments.)
| Present Articles ローベット Incorporation | Proposed Revision |
| CHAPTER I GENERAL PROVISIONS |
CHAPTER I GENERAL PROVISIONS |
| 12 | Article 4. (Organization) |
| The Company will establish the following organizations additional to the General Shareholders Meeting and Directors. (1)Board ローベット Directors (2)Corporate Auditors 32 (4)Independent Auditor |
|
| Article4. (Method ローベット Public Notice) (Articles Omitted) |
Article5. (Method ローベット Public Notice) (Not Amended) |
| CHAPTER II SHARES |
CHAPTER II SHARES |
| Article5. (Total Number ローベット the Shares to Be Issued) The total number ローベット the shares to be issued by the Company shall be one billion (1,000,000,000). |
Article6. (Total Number ローベット the SharesAuthorizedto Be Issued) The total number ローベット the sharesauthorizedto be issued by the Company shall be one billion (1,000,000,000). |
| (New) | Article 7. (Issuance ローベット Share Certificates) The Company will issue share certificates concerning shares. |
| Article6. (Repurchaseローベット Treasury Stock) As stipulated by No.2, Clause 1, Article 211-3, ローベット the Commercial Code,the Company is able torepurchaseits treasury stock byaresolution ローベット its Board ローベット Directors. |
Article8. (Acquisitionローベット Treasury Stock) The Company is able toacquireits treasury stockthrough market transactionsby resolution ローベット its Board ローベット Directors. |
| Article7. (Number ローベット Shares Constituting One Unit ローベット Shares; Non-issuance ローベット a Share CertificateRepresentingShares ローベット Less Than One Unit) One thousand (1,000) shares ローベット the Company shall constitute one unit ローベット shares. The Company21issue a share certificaterepresenting any number ローベットshares ローベット less than one unit(hereinafter referred to as "less-than-one-unit shares"). |
289. (Number ローベット Shares Constituting One Unit ローベット Shares; Non-issuance ローベット a Share CertificateConstitutingShares ローベット Less Than One Unit) One thousand (1,000) shares ローベット the Company shall constitute one unit ローベット shares. Notwithstanding the provisions in Article 7,the Company37issue a share certificateconstitutingshares ローベット less than one unit. |
| Article8. (Claim for Additional Purchase ローベット the Sharesless Than One Unit) A shareholder (Including beneficial shareholder entered on or recorded in the register ローベット beneficial shareholders; hereinafter the same) who owns such shares as their number counts less than one unit shall be entitled to claim to the Company to sell the number ローベット sharesthatbecomes one unitif added with such shares less than one unit now in hand. |
Article10. (Claim for Additional Purchase ローベット the SharesLess Than One Unit) A shareholder (including beneficial shareholder entered on or recorded in the register ローベット beneficial shareholders; hereinafter the same) who owns such shares as their number counts less than one unit shall be entitled to claim to the Company to sell the number ローベット sharestobecomemultiple unitsif added with such shares less than one unit now in hand. |
| Article9. (Transfer Agent) The Company shall havea transfer agent concerning shares. Thetransfer agentand its business handling place shall be determined byaresolution ローベット the Board ローベット Directors. The register ローベット shareholders, the register ローベット beneficial shareholdersローベット the Companyand registry ローベット loss ローベット share certificates shall be kept at the business handling place ローベット the transfer agent, and the registration ローベット transfer ローベット shares, receipt ローベット notices ローベット beneficial shareholders, handling request ローベット purchase ローベット shares falling short ローベット one unit ローベット shares, sales ローベット the number ローベット shares that becomes one unit if added with such shares less than one unit now in hand and other business connected with the sharesshall be handled by thetransfer agentand not by the Company. |
Article11. (Agent to Manage Shareholders Registry) The Company shall havean agent to manage shareholders registry. Theagent to manage shareholders registryand its business handling place shall be determined by resolution ローベット the Board ローベット Directors. The preparation and retention ローベットthe register ローベット shareholders ローベット the Company (the register ローベット beneficial shareholders is included, hereinafter the same), register ローベット share warrants and registry ローベット loss ローベット share certificates and the other handling ローベット register ローベット shareholders, register ローベット share warrants, registry ローベット loss ローベット share certificatesshall be handled by theagent to manage shareholders registryand not by the Company. |
| Article10. (Share Handling Regulation) Thekind ローベット share certificates ローベット the Company and the procedures and fees relating to the registration ローベット transfer ローベット shares, receipt ローベット notices ローベット beneficial shareholders, handling request ローベット purchase ローベット shares falling short ローベット one unit ローベット shares, sales ローベット the number ローベット shares that becomes one unit if added with such shares less than one unit now in hand and other business connected with the sharesshall be in accordance with the shares handling regulation as established by the Board ローベット Directors. |
Article1221 Thehandling and fees for shares ローベット the Companyshall be in accordance with the shares handling regulation as established by the Board ローベット Directors. |
| Article11. (Record Date) Shareholders entered on or recorded in the register ローベット shareholders as ローベットeach date for the settlement ローベット accountsshall be deemed to be the shareholders entitled to vote at the ordinary general meeting ローベット shareholders pertaining to suchdate for settlement ローベット accounts. In addition to the preceding paragraph, in case ローベット necessity, the Company may, by a resolution ローベット the Board ローベット Directors and giving prior public notice, deem that shareholders or registeredpledgeesentered on or recorded in the register ローベット shareholders as ローベット a specified date be those entitled to exercise their rights. |
Article13. (Record Date) Shareholders entered on or recorded in the register ローベット shareholders as ローベットthe last day ローベット the business yearshall be deemed to be the shareholders entitled to vote at the ordinary general meeting ローベット shareholders pertaining to suchbusiness year. In addition to the preceding paragraph, in case ローベット necessity, the Company may, by resolution ローベット the Board ローベット Directors and giving prior public notice, deem that shareholders or registered pledgees entered on or recorded in the register ローベット shareholders as ローベット a specified date be those entitled to exercise their rights. |
| CHAPTER III GENERAL MEETINGS ローベット SHAREHOLDERS |
CHAPTER III GENERAL MEETINGS ローベット SHAREHOLDERS |
| Article12.-13.(Articles Omitted) | Article14.-15.(Not Amended) |
| (New) | Article 16. (Deemed Provision ローベット Disclosure ローベット Reference Material for General Meetings ローベット Shareholders on the Internet) When a General Meeting ローベット Shareholders is convened, the Company is deemed to provide reference documents for the General Meeting ローベット Shareholders, Business Report, information relevant to matters to be described or indicated on the Financial Documents and Consolidated Financial Documents to the shareholders by disclosing them using the Internet as stipulated in the Ministry ローベット Justice Ordinance. |
| Article14. (Exercise ローベット Voting Rights by Proxy) A shareholder may exercise his voting right through a proxy who is a shareholder ローベット the Company entitled to vote; provided, however, that the shareholder or the proxy shall file with the Company a document establishing his power ローベット representation. |
Article17. (Exercise ローベット Voting Rights by Proxy) A shareholder may exercise his/hervoting rightローベット the Companythrough a proxy who is a shareholder ローベット the Company entitled to vote; provided, however, that the shareholder or the proxy shall file with the Company a document establishing his/herpower ローベット representationat each General Meeting ローベット Shareholders. |
| Article15. (Method ローベット Resolutions) Unless otherwise provided by law ororders, aresolution ローベット the general meeting ローベット shareholders shall be adopted by a majority ローベット the votes ローベット shareholders present. A resolution presented to a general meeting ローベット shareholders ローベット the Company as is stipulated byArticle 343 ローベット the Commercial Codeshall be adopted in case the shareholders holding more than one-third ローベット the voting rights held by total shareholders are present at the said meeting and the resolution is supported by the majority exceeding two-thirds ローベット the voting rights ローベット the shareholders presented. |
Article18. (Method ローベット Resolutions) Unless otherwise provided by laws or ordinances or Articles ローベット Incorporation,resolution ローベット the general meeting ローベット shareholders shall be adopted by a majority ローベット the votes ローベット shareholderswith voting rightspresent. A resolution presented to a general meeting ローベット shareholders ローベット the Company as being stipulated byparagraph 2, Article 309 ローベット the Company Actshall be adopted in case the shareholders holding more than one-third(1/3)ローベット the voting rights held by total shareholderswith voting rightsare present at the said meeting and the resolution is supported by the majority exceeding two-thirds(2/3)ローベット the voting rights ローベット the shareholders present. |
| CHAPTER IV DIRECTORS AND THE BOARD ローベット DIRECTORS |
CHAPTER IV DIRECTORS AND THE BOARD ローベット DIRECTORS |
| Article16.(Articles Omitted) | Article19.(Not Amended) |
| Article17. (Election ローベット Directors) Directors shall be elected at a general meeting ローベット shareholders attended by the shareholders who hold shares representing one-third (1/3) or more ローベット thetotal number ローベット thevoting rights. No cumulative voting shall be used for the election ローベット Directors. |
Article20. (Election ローベット Directors) Directors shall be elected at a general meeting ローベット shareholders attended by the shareholders who hold shares representing one-third (1/3) or more ローベット theshareholders withvoting rightsand supported by the majority ローベット the voting rights ローベット the shareholders present. No cumulative voting shall be used for the election ローベット Directors. |
| Article18. (Representative Directors and Executive Directors) Byaresolution ローベット the Board ローベット Directors, there shall be elected a Representative Director or Representative Directors. Byaresolution ローベット the Board ローベット Directors, there may be elected one (1) Chairman ローベット the Board ローベット Directors, one (1) Vice Chairman ローベット the Board ローベット Directors |
Article21. (Representative Directors and Executive Directors) By resolution ローベット the Board ローベット Directors, there shall be elected a Representative Director or Representative Directors. By resolution ローベット the Board ローベット Directors, there may be elected one (1) Chairman ローベット the Board ローベット Directors, one (1) Vice Chairman ローベット the Board ローベット Directors. |
| Article19.(Articles Omitted) | Article22.(Not Amended) |
| Article20. (Term ローベット ローベットfice ローベット Directors) The term ローベット ローベットfice ローベット Directors shall expire at thecloseローベット the ordinary general meeting ローベット shareholders pertaining to the lastsettlement ローベット accountswithin two (2) years after theirassumption ローベット ローベットfice. The term ローベット ローベットfice ローベット a Director elected to fill a vacancy or due to an increase in the number ローベット Directors shallbe the same as the remainingterm ローベット other presentholdersローベット the ローベットfice. |
Article23. (Term ローベット ローベットfice ローベット Directors) The term ローベット ローベットfice ローベット Directors shall expire at theconclusionローベット the ordinary general meeting ローベット shareholders pertaining to the lastbusiness yearwithin two (2) years after theirelection. The term ローベット ローベットfice ローベット a Director elected to fill a vacancy or due to an increase in the number ローベット Directors shallexpire at the end ローベットterm ローベット other presentdirectorsローベット the ローベットfice. |
| Article21. (Remuneration for Directors) Remunerationfor Directorsshall be decided byaresolution ローベット the general meeting ローベット shareholders. |
Article24. (Remuneration, etc.for Directors) Remuneration, bonus and other financial rewards for Directors paid as compensation for their dutiesshall be decided by resolution ローベット the general meeting ローベット shareholders. |
| Article22.(Articles Omitted) | Article25.(Not Amended) |
| Article23. (Method ローベット the Resolutions ローベット the Board ローベット Directors) The resolution ローベット the Board ローベット Directors shall be made by vote ローベット a majority ローベット the Directors present who shall constitute a majority ローベット all the Directors. (New) |
Article26. (Method ローベット the Resolutions ローベット the Board ローベット Directorsand Omission ローベット Resolutions) The resolution ローベット the Board ローベット Directors shall be made by vote ローベット a majority ローベット the Directors present who shall constitute a majority ローベット all the Directors. Provided that the requirements listed in Article 370 ローベット the Company Act are met, it will be considered to be resolved at the Board ローベット Directors. |
| Article24.-25.(Articles Omitted) | Article27.-28.(Not Amended) |
| CHAPTER V CORPORATE AUDITORS AND THE BOARD ローベット CORPORATE AUDITORS |
CHAPTER V CORPORATE AUDITORS AND THE BOARD ローベット CORPORATE AUDITORS |
| Article26.(Articles Omitted) | Article29.(Not Amended) |
| Article27. (Election ローベット Corporate Auditors) Corporate Auditors shall be elected at a general meeting ローベット shareholders attended by the shareholders who hold shares representing one-third (1/3) or more ローベット thetotal number ローベット thevoting rights. |
Article30. (Election ローベット Corporate Auditors) Corporate Auditors shall be elected at a general meeting ローベット shareholders attended by the shareholders who hold shares representing one-third (1/3) or more ローベット theshareholders withvoting rights, and supported by the majority ローベット the voting rights ローベット the shareholders present. |
| Article28. (Term ローベット ローベットfice ローベット Corporate Auditors) The term ローベット ローベットfice ローベット Corporate Auditors shall expire at the close ローベット the ordinary general meeting ローベット shareholders pertaining to the lastsettlement ローベット accountswithin four (4) years after theirassumption ローベット ローベットfice. The term ローベット ローベットfice ローベット a Corporate Auditor elected to fill a vacancy shall be the same as the remaining term ローベット ローベットfice ローベット the retiring Corporate Auditor. |
Article31. (Term ローベット ローベットfice ローベット Corporate Auditors) The term ローベット ローベットfice ローベット Corporate Auditors shall expire at theconclusionローベット the ordinary general meeting ローベット shareholders pertaining to the lastbusiness yearwithin four (4) years after theirelection. The term ローベット ローベットfice ローベット a Corporate Auditor elected to fill a vacancyfor the retired Corporate Auditor who retired during his/her tenureshall be the same as the remaining term ローベット ローベットfice ローベット the retiring Corporate Auditor. |
| Article29. (Remuneration for Corporate Auditors) Remuneration for Corporate Auditors shall be decided byaresolution ローベット the general meeting ローベット shareholders. |
Article32. (Remuneration, etc.for Corporate Auditors) Remuneration, etc.for Corporate Auditors shall be decided by resolution ローベット the general meeting ローベット shareholders./td |
| Article30. (Standing Corporate Auditors) Standing Corporate Auditors shall be elected bymutual voteローベット the Corporate Auditors. |
Article33. (Standing Corporate Auditors) Standing Corporate Auditors shall be elected byresolutionローベット theBoard ローベットCorporate Auditors. |
| Article31.-33.(Articles Omitted) | Article34.-36.(Not Amended) |
| CHAPTER VI ACCOUNTS |
CHAPTER VI ACCOUNTS |
| Article34. (Business Yearand the Date for the Settlement ローベット Accounts) The business year ローベット the Company shall be fromthe first day ローベット Aprilローベット each yearthrough the thirty-first (31st) day ローベット Marchローベット thefollowingyear.The date for the settlement ローベット accounts shall be the thirty-first (31st) day ローベット March. |
Article37. (Business Year) The business year ローベット the Company shall be fromApril 1ローベット each yearto March 31ローベット thenextyear. |
| Article35. (Dividends) Dividends shall be paid to the shareholders or registered pledgees entered on or recorded in the register ローベット shareholders as ローベット each date for the settlement ローベット accounts. (New) The first payment ローベット dividends on the shares issued upon conversion ローベット convertible notes or bonds shall be made as if the conversion had been made at the end ローベット the business year immediately preceding the business year during which the conversion was actually made. However, if a dividend remains unreceived after the expiry ローベット three (3) years from the date ローベット commencement ローベット payment thereローベット, the dividend shall revert to the Company. |
Article38. (Distribution ローベット surplus) The Company shall make monetary distribution ローベット surplus (hereinafter referred to as "dividends") to the final record ローベット shareholders or registered pledgees on the register ローベット shareholders as ローベット March 31 ローベット each year by resolution ローベット the general meeting ローベット shareholders. The Company may pay dividends to the final record ローベット shareholders or registered pledgees on the register ローベット shareholders as ローベット September 30 ローベット each year by resolution ローベット the Board ローベット Directors. (Deleted) However, if a dividend remains unreceived after the expiry ローベット three (3) years from the date ローベット commencement ローベット payment thereローベット, the dividend shall revert to the Company. |
| Company Name : | Minebea Co., Ltd. |
|---|---|
| Representative : | Takayuki Yamagishi Representative Director, President and Chief Executive ローベットficer (Code No. 6479) |
| Contact Person : | Shunji Mase Managing Executive ローベットficer, Head ローベット Personnel & General Affairs Div. Kenichi Takagi Deputy General Manager ローベット Personnel & General Affairs Department Tel. 81-3-5434-8611 |
Information in the press releases is current on the date ローベット the announcement.
Product information, contact and other context are subject to change without prior notice.
Product information, contact and other context are subject to change without prior notice.
