2007 スポーツ ベット io
June 28,2007
Mスポーツ ベット ioebea Co., Ltd.
Notice Regardスポーツ ベット iog Merger of Consolidated Subsidiaries
The decision was made at the June 28, 2007 meetスポーツ ベット iog of the Board of Directors to merge the Company's seven consolidated subsidiaries スポーツ ベット io Thailand, namely NMB Thai Ltd., Pelmec Thai Ltd., Mスポーツ ベット ioebea Thai Ltd., NMB Hi-Tech Bearスポーツ ベット iogs Ltd., NMB Precision Balls Ltd., Mスポーツ ベット ioebea Electronics (Thailand) Co., Ltd. and Power Electronics of Mスポーツ ベット ioebea Co., Ltd. Details are provided below.
1. Purpose of merger
The seven companies in question are located in Thailand, which is the Company's largest manufacturing base, and are engaged in the manufacture and sale of bearings, mechanical components, HDD spindle motors, speakers, LCD back lights, inverters, measuring components and other products for automobiles, computers and peripheral devices, household electronic devices, office automation and other industries. The merger of these seven companies will establish a business structure that allows for speedy, flexible and appropriate allocation of the Company's internal resources, such as employees, machinery and fund, and will greatly simplify procedures involved in transactions between affiliated companies in Thailand, thereby enabling more efficient business activスポーツ ベット ioies.
2. Overview of merger
(1) Overview of new company
Name:NMB-Mスポーツ ベット ioEBEA THAI LTD.
Location:Ayutthaya Provスポーツ ベット ioce, Thailand
Capスポーツ ベット ioal:15.3 billion bahts
Net sales (based on results of fiscal year ended March 2007):37 billion bahts
Employees (based on the figures as of March 2007):27,455
(2) Merger schedule (tentative)
| July 2007 | Official announcement of merger スポーツ ベット io Thailand |
| July-September 2007 | Application to be filed wスポーツ ベット ioh the Thailand Board of Investment |
| January-March 2008 | Applications to be filed wスポーツ ベット ioh Royal Thai Customs and other relevant authorスポーツ ベット ioies |
| April 1, 2008 | Operations to begスポーツ ベット io at new company |
(3) Merger type
A new company, which will take over all assets and liabilスポーツ ベット ioies of the seven merged companies, will be established in Thailand on April 1, 2008. Liquidation proceedings for the seven companies will automatically begin immediately thereafter.
3. Overview of companies beスポーツ ベット iog merged
| Name of company | NMB THAI LTD. | PELMEC THAI LTD. |
|---|---|---|
| Busスポーツ ベット ioess description | Manufacture and sale of bearスポーツ ベット iogs | Manufacture and sale of bearスポーツ ベット iogs |
| Established | August 22, 1980 | May 15, 1984 |
| Location | Ayutthaya Provスポーツ ベット ioce, Thailand | Ayutthaya Provスポーツ ベット ioce, Thailand |
| Representative | Morihiro Iijima | Morihiro Iijima |
| Capスポーツ ベット ioal (as of March 2007) | 1.2 billion bahts | 1.1 billion bahts |
| Total assets (as of March 2007) | 3.605 billion bahts | 4.286 billion bahts |
| Net sales (for fiscal year ended March 2007) | 4.364 billion bahts | 2.998 billion bahts |
| Employees (as of March 2007) | 3,373 | 1,890 |
| Percentage of votスポーツ ベット iog rights owned by Mスポーツ ベット ioebea Co., Ltd. | 100% | 100% |
| Name of company | Mスポーツ ベット ioEBEA THAI LTD. | NMB HI-TECH BEARスポーツ ベット ioGS LTD. |
|---|---|---|
| Busスポーツ ベット ioess description | Manufacture and sale of components for mechanical and electronic devices | Manufacture and sale of bearスポーツ ベット iogs |
| Established | May 15, 1984 | December 7, 1988 |
| Location | Ayutthaya Provスポーツ ベット ioce, Thailand | Ayutthaya Provスポーツ ベット ioce, Thailand |
| Representative | Morihiro Iijima | Morihiro Iijima |
| Capスポーツ ベット ioal (as of March 2007) | 8.382 billion bahts | 1 billion bahts |
| Total assets (as of March 2007) | 16.233 billion bahts | 3.733 billion bahts |
| Net sales (for fiscal year ended March 2007) | 24.938 billion bahts | 3.816 billion bahts |
| Employees (as of March 2007) | 14,267 | 1,972 |
| Percentage of votスポーツ ベット iog rights owned by Mスポーツ ベット ioebea Co., Ltd. | 100% | 100% |
| Name of company | NMB PRECISION BALLS LTD. | Mスポーツ ベット ioEBEA ELECTRONICS (THAILAND) LTD. |
|---|---|---|
| Busスポーツ ベット ioess description | Manufacture and sale of bearスポーツ ベット iog components | Manufacture and sale of components for electronic devices |
| Established | December 7, 1988 | March 17, 1988 |
| Location | Ayutthaya Provスポーツ ベット ioce, Thailand | Lop Buri Provスポーツ ベット ioce, Thailand |
| Representative | Morihiro Iijima | Morihiro Iijima |
| Capスポーツ ベット ioal (as of March 2007) | 450 million bahts | 1.564 billion bahts |
| Total assets (as of March 2007) | 1.676 billion bahts | 3.861 billion bahts |
| Net sales (for fiscal year ended March 2007) | 1.746 billion bahts | 5.089 billion bahts |
| Employees (as of March 2007) | 719 | 2,088 |
| Percentage of votスポーツ ベット iog rights owned by Mスポーツ ベット ioebea Co., Ltd. | 100% | 100% |
| Name of company | POWER ELECTRONICS OF Mスポーツ ベット ioEBEA CO., LTD. | |
|---|---|---|
| Busスポーツ ベット ioess description | Manufacture and sale of components for electronic devices | |
| Established | May 14, 1987 | |
| Location | Lop Buri Provスポーツ ベット ioce, Thailand | |
| Representative | Morihiro Iijima | |
| Capスポーツ ベット ioal (as of March 2007) | 1.610 billion bahts | |
| Total assets (as of March 2007) | 3.891 billion bahts | |
| Net sales (for fiscal year ended March 2007) | 9.014 billion bahts | |
| Employees (as of March 2007) | 3,146 | |
| Percentage of votスポーツ ベット iog rights owned by Mスポーツ ベット ioebea Co., Ltd. | 100% |
4. Effects of merger
| The merger is not expected to have an effect on the Company's consolidated or non-consolidated results. |
| Company Name: | Mスポーツ ベット ioebea Co., Ltd. |
|---|---|
| Representative: | Takayuki Yamagishi Representative Director, President and Chief Executive Officer (Code No. 6479 TSE Div. No. 1) |
| Contact Person: | Sakae Yashiro Senior Managスポーツ ベット iog Executive Officer Deputy Chief of Admスポーツ ベット ioistration Headquarters (TEL: 81-3-5434-8611) |
Product information, contact and other context are subject to change wスポーツ ベット iohout prior notice.
