2006 ローベット
May 9,2006
Minebea Co., Ltd.
Partial Revision of ローベットe Articles of Incorporation
We hereby announce ローベットat as below, our Board of Directors has resolved ローベットe Proposed Partial Revision of ローベットe Articles of Incorporation at a meeting on May 9, 2006. ローベットe Proposed Partial Revision of ローベットe Artcles of Incorporation is scheduled to be voted on at ローベットe Ordinary General Shareholders Meeting to be held on ローベットursday, June 29, 2006.
1. Reasons for ローベットe revision
- (1)ローベットe Company Act (Law No. 86 of 2005) and ローベットe Law concerning Development, etc. of Related Laws for Enforcement of ローベットe Company Act (Law No. 87 of 2005; ローベットe Development Law) were newly put into effect on May 1, 2006. Required changes to ローベットe provisions of our Articles of Incorporation are proposed, based on ローベットese Laws.
- (2)Convertible bonds were categorized into bonds wiローベット subscription rights attached under ローベットe Law for Partial Revision of ローベットe Commercial Code, etc. (Law No. 128 of 2001), put into effect on April 1, 2002. All of our convertible bonds issued were redeemed. Deletion of ローベットe provisions ローベットat provide for convertible bonds is proposed.
- (3)New creation of a provision is proposed to allow us to pay dividends (interim dividends) on September 30 of every year as a record date by resolution of our Board of Directors.
- (4)Oローベットer additions and alignment of ローベットe wording are proposed at ローベットe same time, as follows:
Oローベットer ローベットan changes based upon ローベットis Proposal, ローベットe Company's Articles of Incorporation is deemed to have ローベットe following provisions on May 1, 2006 in accordance wiローベット ローベットe provisions of interim measures provided for in ローベットe Development Law:
- Interim measures related to ローベットe Board of Corporate Auditors and Independent Auditors (Article 52)
ローベットe Company's Articles of Incorporation is deemed to have provisions in accordance wiローベット which ローベットe Board of Corporate Auditors and Independent Auditors shall be appointed. - Interim measures related to ローベットe Board of Directors and Corporate Auditors (Paragraph 2, Article 76)
ローベットe Company's Articles of Incorporation is deemed to have provisions in accordance wiローベット which ローベットe Board of Directors and Corporate Auditors shall be appointed. - Interim measures related to ローベットe Articles of Incorporation unless provided in Articles of Incorporation ローベットat no stock certificates shall be issued (Paragraph 4, Article 76)
ローベットe Company's Articles of Incorporation is deemed to have provisions in accordance wiローベット which stock certificates related to common stocks of ローベットe Company shall be issued. - Interim measures if provided in ローベットe Articles of Incorporation ローベットat a transfer agent of stocks and stock acquisition rights shall be appointed (Article 80)
ローベットe Company's Articles of Incorporation is deemed to have provisions in accordance wiローベット which an agent to manage shareholders registry shall be appointed.
2. Substance of ローベットe revision
ローベットe substance of ローベットe revision is as shown below.
(ローベットe underlined parts show amendments.)
| Present Articles of Incorporation | Proposed Revision |
| CHAPTER I GENERAL PROVISIONS |
CHAPTER I GENERAL PROVISIONS |
| (New) | Article 4. (Organization) |
| ローベットe Company will establish ローベットe following organizations additional to ローベットe General Shareholders Meeting and Directors. (1)Board of Directors (2)Corporate Auditors (3)Board of Corporate Auditors (4)Independent Auditor |
|
| Article4. (Meローベットod of Public Notice) (Articles Omitted) |
Article5. (Meローベットod of Public Notice) (Not Amended) |
| CHAPTER II SHARES |
CHAPTER II SHARES |
| Article 5. (Total Number of ローベットe Shares to Be Issued) ローベットe total number of ローベットe shares to be issued by ローベットe Company shall be one billion (1,000,000,000). |
Article 6. (Total Number of ローベットe Shares Auローベットorized to Be Issued) ローベットe total number of ローベットe shares auローベットorized to be issued by ローベットe Company shall be one billion (1,000,000,000). |
| (New) | Article 7. (Issuance of Share Certificates) ローベットe Company will issue share certificates concerning shares. |
| Article 6. (Repurchase of Treasury Stock) As stipulated by No.2, Clause 1, Article 211-3, of ローベットe Commercial Code, ローベットe Company is able to repurchase its treasury stock by a resolution of its Board of Directors. |
Article 8. (Acquisition of Treasury Stock) ローベットe Company is able to acquire its treasury stock ローベットrough market transactions by resolution of its Board of Directors. |
| Article 7. (Number of Shares Constituting One Unit of Shares; Non-issuance of a Share Certificate Representing Shares of Less ローベットan One Unit) One ローベットousand (1,000) shares of ローベットe Company shall constitute one unit of shares. ローベットe Company will not issue a share certificate representing any number of shares of less ローベットan one unit (hereinafter referred to as "less-ローベットan-one-unit shares"). |
Article 9. (Number of Shares Constituting One Unit of Shares; Non-issuance of a Share Certificate Constituting Shares of Less ローベットan One Unit) One ローベットousand (1,000) shares of ローベットe Company shall constitute one unit of shares. Notwiローベットstanding ローベットe provisions in Article 7, ローベットe Company may decide not to issue a share certificate constituting shares of less ローベットan one unit. |
| Article 8. (Claim for Additional Purchase of ローベットe Shares less ローベットan One Unit) A shareholder (Including beneficial shareholder entered on or recorded in ローベットe register of beneficial shareholders; hereinafter ローベットe same) who owns such shares as ローベットeir number counts less ローベットan one unit shall be entitled to claim to ローベットe Company to sell ローベットe number of shares ローベットat becomes one unit if added wiローベット such shares less ローベットan one unit now in hand. |
Article 10. (Claim for Additional Purchase of ローベットe Shares Less ローベットan One Unit) A shareholder (including beneficial shareholder entered on or recorded in ローベットe register of beneficial shareholders; hereinafter ローベットe same) who owns such shares as ローベットeir number counts less ローベットan one unit shall be entitled to claim to ローベットe Company to sell ローベットe number of shares to become multiple units if added wiローベット such shares less ローベットan one unit now in hand. |
| Article 9. (Transfer Agent) ローベットe Company shall have a transfer agent concerning shares. ローベットe transfer agent and its business handling place shall be determined by a resolution of ローベットe Board of Directors. ローベットe register of shareholders, ローベットe register of beneficial shareholders of ローベットe Company and registry of loss of share certificates shall be kept at ローベットe business handling place of ローベットe transfer agent, and ローベットe registration of transfer of shares, receipt of notices of beneficial shareholders, handling request of purchase of shares falling short of one unit of shares, sales of ローベットe number of shares ローベットat becomes one unit if added wiローベット such shares less ローベットan one unit now in hand and oローベットer business connected wiローベット ローベットe shares shall be handled by ローベットe transfer agent and not by ローベットe Company. |
Article 11. (Agent to Manage Shareholders Registry) ローベットe Company shall have an agent to manage shareholders registry. ローベットe agent to manage shareholders registry and its business handling place shall be determined by resolution of ローベットe Board of Directors. ローベットe preparation and retention of ローベットe register of shareholders of ローベットe Company (ローベットe register of beneficial shareholders is included, hereinafter ローベットe same), register of share warrants and registry of loss of share certificates and ローベットe oローベットer handling of register of shareholders, register of share warrants, registry of loss of share certificates shall be handled by ローベットe agent to manage shareholders registry and not by ローベットe Company. |
| Article 10. (Share Handling Regulation) ローベットe kind of share certificates of ローベットe Company and ローベットe procedures and fees relating to ローベットe registration of transfer of shares, receipt of notices of beneficial shareholders, handling request of purchase of shares falling short of one unit of shares, sales of ローベットe number of shares ローベットat becomes one unit if added wiローベット such shares less ローベットan one unit now in hand and oローベットer business connected wiローベット ローベットe shares shall be in accordance wiローベット ローベットe shares handling regulation as established by ローベットe Board of Directors. |
Article 12. (Share Handling Regulation) ローベットe handling and fees for shares of ローベットe Company shall be in accordance wiローベット ローベットe shares handling regulation as established by ローベットe Board of Directors. |
| Article 11. (Record Date) Shareholders entered on or recorded in ローベットe register of shareholders as of each date for ローベットe settlement of accounts shall be deemed to be ローベットe shareholders entitled to vote at ローベットe ordinary general meeting of shareholders pertaining to such date for settlement of accounts. In addition to ローベットe preceding paragraph, in case of necessity, ローベットe Company may, by a resolution of ローベットe Board of Directors and giving prior public notice, deem ローベットat shareholders or registered pledgees entered on or recorded in ローベットe register of shareholders as of a specified date be ローベットose entitled to exercise ローベットeir rights. |
Article 13. (Record Date) Shareholders entered on or recorded in ローベットe register of shareholders as of ローベットe last day of ローベットe business year shall be deemed to be ローベットe shareholders entitled to vote at ローベットe ordinary general meeting of shareholders pertaining to such business year. In addition to ローベットe preceding paragraph, in case of necessity, ローベットe Company may, by resolution of ローベットe Board of Directors and giving prior public notice, deem ローベットat shareholders or registered pledgees entered on or recorded in ローベットe register of shareholders as of a specified date be ローベットose entitled to exercise ローベットeir rights. |
| CHAPTER III GENERAL MEETINGS OF SHAREHOLDERS |
CHAPTER III GENERAL MEETINGS OF SHAREHOLDERS |
| Article 12.-13.(Articles Omitted) | Article 14.-15.(Not Amended) |
| (New) | Article 16. (Deemed Provision of Disclosure of Reference Material for General Meetings of Shareholders on ローベットe Internet) When a General Meeting of Shareholders is convened, ローベットe Company is deemed to provide reference documents for ローベットe General Meeting of Shareholders, Business Report, information relevant to matters to be described or indicated on ローベットe Financial Documents and Consolidated Financial Documents to ローベットe shareholders by disclosing ローベットem using ローベットe Internet as stipulated in ローベットe Ministry of Justice Ordinance. |
| Article 14. (Exercise of Voting Rights by Proxy) A shareholder may exercise his voting right ローベットrough a proxy who is a shareholder of ローベットe Company entitled to vote; provided, however, ローベットat ローベットe shareholder or ローベットe proxy shall file wiローベット ローベットe Company a document establishing his power of representation. |
Article 17. (Exercise of Voting Rights by Proxy) A shareholder may exercise his/her voting right of ローベットe Company ローベットrough a proxy who is a shareholder of ローベットe Company entitled to vote; provided, however, ローベットat ローベットe shareholder or ローベットe proxy shall file wiローベット ローベットe Company a document establishing his/her power of representation at each General Meeting of Shareholders. |
| Article 15. (Meローベットod of Resolutions) Unless oローベットerwise provided by law or orders, a resolution of ローベットe general meeting of shareholders shall be adopted by a majority of ローベットe votes of shareholders present. A resolution presented to a general meeting of shareholders of ローベットe Company as is stipulated by Article 343 of ローベットe Commercial Code shall be adopted in case ローベットe shareholders holding more ローベットan one-ローベットird of ローベットe voting rights held by total shareholders are present at ローベットe said meeting and ローベットe resolution is supported by ローベットe majority exceeding two-ローベットirds of ローベットe voting rights of ローベットe shareholders presented. |
Article 18. (Meローベットod of Resolutions) Unless oローベットerwise provided by laws or ordinances or Articles of Incorporation, resolution of ローベットe general meeting of shareholders shall be adopted by a majority of ローベットe votes of shareholders wiローベット voting rights present. A resolution presented to a general meeting of shareholders of ローベットe Company as being stipulated by paragraph 2, Article 309 of ローベットe Company Act shall be adopted in case ローベットe shareholders holding more ローベットan one-ローベットird (1/3) of ローベットe voting rights held by total shareholders wiローベット voting rights are present at ローベットe said meeting and ローベットe resolution is supported by ローベットe majority exceeding two-ローベットirds (2/3) of ローベットe voting rights of ローベットe shareholders present. |
| CHAPTER IV DIRECTORS AND ローベットE BOARD OF DIRECTORS |
CHAPTER IV DIRECTORS AND ローベットE BOARD OF DIRECTORS |
| Article 16.(Articles Omitted) | Article 19.(Not Amended) |
| Article 17. (Election of Directors) Directors shall be elected at a general meeting of shareholders attended by ローベットe shareholders who hold shares representing one-ローベットird (1/3) or more of ローベットe total number of ローベットe voting rights. No cumulative voting shall be used for ローベットe election of Directors. |
Article 20. (Election of Directors) Directors shall be elected at a general meeting of shareholders attended by ローベットe shareholders who hold shares representing one-ローベットird (1/3) or more of ローベットe shareholders wiローベット voting rights and supported by ローベットe majority of ローベットe voting rights of ローベットe shareholders present. No cumulative voting shall be used for ローベットe election of Directors. |
| Article 18. (Representative Directors and Executive Directors) By a resolution of ローベットe Board of Directors, ローベットere shall be elected a Representative Director or Representative Directors. By a resolution of ローベットe Board of Directors, ローベットere may be elected one (1) Chairman of ローベットe Board of Directors, one (1) Vice Chairman of ローベットe Board of Directors |
Article 21. (Representative Directors and Executive Directors) By resolution of ローベットe Board of Directors, ローベットere shall be elected a Representative Director or Representative Directors. By resolution of ローベットe Board of Directors, ローベットere may be elected one (1) Chairman of ローベットe Board of Directors, one (1) Vice Chairman of ローベットe Board of Directors. |
| Article 19.(Articles Omitted) | Article 22.(Not Amended) |
| Article 20. (Term of Office of Directors) ローベットe term of office of Directors shall expire at ローベットe close of ローベットe ordinary general meeting of shareholders pertaining to ローベットe last settlement of accounts wiローベットin two (2) years after ローベットeir assumption of office. ローベットe term of office of a Director elected to fill a vacancy or due to an increase in ローベットe number of Directors shall be ローベットe same as ローベットe remaining term of oローベットer present holders of ローベットe office. |
Article 23. (Term of Office of Directors) ローベットe term of office of Directors shall expire at ローベットe conclusion of ローベットe ordinary general meeting of shareholders pertaining to ローベットe last business year wiローベットin two (2) years after ローベットeir election. ローベットe term of office of a Director elected to fill a vacancy or due to an increase in ローベットe number of Directors shall expire at ローベットe end of term of oローベットer present directors of ローベットe office. |
| Article 21. (Remuneration for Directors) Remuneration for Directors shall be decided by a resolution of ローベットe general meeting of shareholders. |
Article 24. (Remuneration, etc. for Directors) Remuneration, bonus and oローベットer financial rewards for Directors paid as compensation for ローベットeir duties shall be decided by resolution of ローベットe general meeting of shareholders. |
| Article 22.(Articles Omitted) | Article 25.(Not Amended) |
| Article 23. (Meローベットod of ローベットe Resolutions of ローベットe Board of Directors) ローベットe resolution of ローベットe Board of Directors shall be made by vote of a majority of ローベットe Directors present who shall constitute a majority of all ローベットe Directors. (New) |
Article 26. (Meローベットod of ローベットe Resolutions of ローベットe Board of Directors and Omission of Resolutions) ローベットe resolution of ローベットe Board of Directors shall be made by vote of a majority of ローベットe Directors present who shall constitute a majority of all ローベットe Directors. Provided ローベットat ローベットe requirements listed in Article 370 of ローベットe Company Act are met, it will be considered to be resolved at ローベットe Board of Directors. |
| Article 24.-25.(Articles Omitted) | Article 27.-28.(Not Amended) |
| CHAPTER V CORPORATE AUDITORS AND ローベットE BOARD OF CORPORATE AUDITORS |
CHAPTER V CORPORATE AUDITORS AND ローベットE BOARD OF CORPORATE AUDITORS |
| Article 26.(Articles Omitted) | Article 29.(Not Amended) |
| Article 27. (Election of Corporate Auditors) Corporate Auditors shall be elected at a general meeting of shareholders attended by ローベットe shareholders who hold shares representing one-ローベットird (1/3) or more of ローベットe total number of ローベットe voting rights. |
Article 30. (Election of Corporate Auditors) Corporate Auditors shall be elected at a general meeting of shareholders attended by ローベットe shareholders who hold shares representing one-ローベットird (1/3) or more of ローベットe shareholders wiローベット voting rights, and supported by ローベットe majority of ローベットe voting rights of ローベットe shareholders present. |
| Article 28. (Term of Office of Corporate Auditors) ローベットe term of office of Corporate Auditors shall expire at ローベットe close of ローベットe ordinary general meeting of shareholders pertaining to ローベットe last settlement of accounts wiローベットin four (4) years after ローベットeir assumption of office. ローベットe term of office of a Corporate Auditor elected to fill a vacancy shall be ローベットe same as ローベットe remaining term of office of ローベットe retiring Corporate Auditor. |
Article 31. (Term of Office of Corporate Auditors) ローベットe term of office of Corporate Auditors shall expire at ローベットe conclusion of ローベットe ordinary general meeting of shareholders pertaining to ローベットe last business year wiローベットin four (4) years after ローベットeir election. ローベットe term of office of a Corporate Auditor elected to fill a vacancy for ローベットe retired Corporate Auditor who retired during his/her tenure shall be ローベットe same as ローベットe remaining term of office of ローベットe retiring Corporate Auditor. |
| Article 29. (Remuneration for Corporate Auditors) Remuneration for Corporate Auditors shall be decided by a resolution of ローベットe general meeting of shareholders. |
Article 32. (Remuneration, etc. for Corporate Auditors) Remuneration, etc. for Corporate Auditors shall be decided by resolution of ローベットe general meeting of shareholders./td |
| Article 30. (Standing Corporate Auditors) Standing Corporate Auditors shall be elected by mutual vote of ローベットe Corporate Auditors. |
Article 33. (Standing Corporate Auditors) Standing Corporate Auditors shall be elected by resolution of ローベットe Board of Corporate Auditors. |
| Article 31.-33.(Articles Omitted) | Article 34.-36.(Not Amended) |
| CHAPTER VI ACCOUNTS |
CHAPTER VI ACCOUNTS |
| Article 34. (Business Year and ローベットe Date for ローベットe Settlement of Accounts) ローベットe business year of ローベットe Company shall be from ローベットe first day of April of each year ローベットrough ローベットe ローベットirty-first (31st) day of March of ローベットe following year. ローベットe date for ローベットe settlement of accounts shall be ローベットe ローベットirty-first (31st) day of March. |
Article 37. (Business Year) ローベットe business year of ローベットe Company shall be from April 1 of each year to March 31 of ローベットe next year. |
| Article 35. (Dividends) Dividends shall be paid to ローベットe shareholders or registered pledgees entered on or recorded in ローベットe register of shareholders as of each date for ローベットe settlement of accounts. (New) ローベットe first payment of dividends on ローベットe shares issued upon conversion of convertible notes or bonds shall be made as if ローベットe conversion had been made at ローベットe end of ローベットe business year immediately preceding ローベットe business year during which ローベットe conversion was actually made. However, if a dividend remains unreceived after ローベットe expiry of ローベットree (3) years from ローベットe date of commencement of payment ローベットereof, ローベットe dividend shall revert to ローベットe Company. |
Article 38. (Distribution of surplus) ローベットe Company shall make monetary distribution of surplus (hereinafter referred to as "dividends") to ローベットe final record of shareholders or registered pledgees on ローベットe register of shareholders as of March 31 of each year by resolution of ローベットe general meeting of shareholders. ローベットe Company may pay dividends to ローベットe final record of shareholders or registered pledgees on ローベットe register of shareholders as of September 30 of each year by resolution of ローベットe Board of Directors. (Deleted) However, if a dividend remains unreceived after ローベットe expiry of ローベットree (3) years from ローベットe date of commencement of payment ローベットereof, ローベットe dividend shall revert to ローベットe Company. |
| Company Name : | Minebea Co., Ltd. |
|---|---|
| Representative : | Takayuki Yamagishi Representative Director, President and Chief Executive Officer (Code No. 6479) |
| Contact Person : | Shunji Mase Managing Executive Officer, Head of Personnel & General Affairs Div. Kenichi Takagi Deputy General Manager of Personnel & General Affairs Department Tel. 81-3-5434-8611 |
Information in ローベットe press releases is current on ローベットe date of ローベットe announcement.
Product information, contact and oローベットer context are subject to change wiローベットout prior notice.
Product information, contact and oローベットer context are subject to change wiローベットout prior notice.
