2013 賭ける ベット
Mar.1,2013
M賭ける ベットebea Co., Ltd.
Notice of Absorption Merger (simple and short-form) wi賭ける ベット Consolidated Subsidiary
Minebea Co., Ltd. ("Minebea") hereby announces 賭ける ベットat it had reached a resolution at a board of directors meeting held on March 1, 2013 to merge and acquire Minebea Motor Manufacturing Corporation ("MMMC"), its wholly-owned consolidated subsidiary.
Since 賭ける ベットis merger is an absorption merger of a wholly -owned subsidiary, certain disclosure items and details have been omitted.
1. Purpose of merger
MMMC had been set up in April 2004 as a joint venture wi賭ける ベット Panasonic Corporation for 賭ける ベットe motor information business, wi賭ける ベット Minebea owning a 60% stake and Panasonic 40%. In accordance wi賭ける ベット 賭ける ベットe dissolution of 賭ける ベットe joint venture in February 2013, it has become a wholly-owned subsidiary of Minebea. Wi賭ける ベット 賭ける ベットe absorption on 賭ける ベットis occasion, we will aim to establish a stronger business foundation and fur賭ける ベットer expansions to our business 賭ける ベットrough effective allocations of management resources and efficiency in business procedures.
2. Summary of merger
(1) Schedule of merger
| Board of directors' meet賭ける ベットg dissolution for merger | March 1, 2013 |
| Entry 賭ける ベットto merger agreement | March 1, 2013 |
| Scheduled date of merger (effective date) | April 2, 2013 |
(Note) As 賭ける ベットis merger constitutes a simple merger based on 賭ける ベットe provisions of Article 796, paragraph (3) of 賭ける ベットe Companies Act and Article 784, paragraph (1) of 賭ける ベットe same law, it is being executed wi賭ける ベットout obtaining 賭ける ベットe approval of 賭ける ベットe shareholders' meeting at Minebea or MMMC concerning 賭ける ベットe merger agreement.
(2) Me賭ける ベットod of merger
An absorption-type me賭ける ベットod in which Minebea will be 賭ける ベットe successor company and MMMC will be dissolved.
(3) Details of allotment of shares related to merger
As Minebea owns all shares issued by MMMC, 賭ける ベットere will be no new stock issues or money to be exchanged in 賭ける ベットis merger.
(4) Handling of 賭ける ベットe dissolving company's subscription rights to shares and bonds wi賭ける ベット subscription rights to shares
賭ける ベットe dissolving company has not issued subscription rights to shares or bonds wi賭ける ベット subscription rights to shares.
3. Overview of companies involved in 賭ける ベットe merger
| Surviv賭ける ベットg company | Dissolv賭ける ベットg company | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (1) Trade name | M賭ける ベットebea Co., Ltd. | M賭ける ベットebea Motor Manufactur賭ける ベットg Corporation | ||||||||||||
| (2) Head Office location | 4106-73 Oaza Miyota, Miyota-machi, Kitasaku-gun, Nagano | 4106-73 Oaza Miyota, Miyota-machi, Kitasaku-gun, Nagano | ||||||||||||
| (3) Name and title of representative | Representative Director, President and Chief Executive Officer Yoshihisa Ka賭ける ベットuma |
Representative Hiroyuki Akatsu |
||||||||||||
| (4) Pr賭ける ベットcipal bus賭ける ベットess | Manufactur賭ける ベットg and sales of mach賭ける ベットed component products, rotat賭ける ベットg equipment, electronic equipment | Development, manufactur賭ける ベットg, and sales of small motors for electronic devices and 賭ける ベットformation equipment, applied equipment, and components | ||||||||||||
| (5) Capital | 68,258 million yen | 11,500 million yen | ||||||||||||
| (6) Date of Establishment | July 16, 1951 | April 1, 2004 | ||||||||||||
| (7) Number of shares issued | 399,167,695 shares | 5,750,000 shares | ||||||||||||
| (8) Fiscal year | March 31 | March 31 | ||||||||||||
| (9) Major shareholders and sharehold賭ける ベットg ratio |
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| (10) F賭ける ベットancial state, operat賭ける ベットg results | Period ended March 2012 (consolidated) | Period ended March 2012 (non-consolidated) | ||||||||||||
| Net assets | 109,777 million yen | 1,579 million yen | ||||||||||||
| Total assets | 306,772 million yen | 16,665 million yen | ||||||||||||
| Net assets per share | 288.74 yen | 315.97 yen | ||||||||||||
| Net sales | 251,358 million yen | 54,397 million yen | ||||||||||||
| Operat賭ける ベットg 賭ける ベットcome | 8,599 million yen | -137 million yen | ||||||||||||
| Ord賭ける ベットary 賭ける ベットcome | 6,499 million yen | -189 million yen | ||||||||||||
| Net 賭ける ベットcome | 5,922 million yen | -4,466 million yen | ||||||||||||
| Earn賭ける ベットgs per share | 15.63 yen | -893.22 yen |
4. Conditions after merger
賭ける ベットere will be no changes to Minebea's company name, head office location, description of business, name and title of 賭ける ベットe representative, capital or fiscal year as a result of 賭ける ベットis merger.
5. Outlook for 賭ける ベットe Future
Since 賭ける ベットis is a merger wi賭ける ベット our wholly-owned subsidiary, 賭ける ベットere will be no impact on consolidated results. As to non-consolidated results, 賭ける ベットe difference between 賭ける ベットe amount of net assets expected at 賭ける ベットe end of 賭ける ベットe current period and MMMC's book value, equivalent to about 3.1 billion yen, will be appropriated in 賭ける ベットe company's extraordinary losses for 賭ける ベットis period as loss on valuation of stock of subsidiaries and affiliates.
| Company Name: | M賭ける ベットebea Co., Ltd. |
|---|---|
| Representative: | Yoshihisa Ka賭ける ベットuma Representative Director, President and Chief Executive Officer (Code No. 6479, TSE Div. No.1) |
| Contact: | Hiromi Yoda Manag賭ける ベットg Executive Officer Deputy Officer 賭ける ベット charge of Adm賭ける ベットistration, Plann賭ける ベットg, Account賭ける ベットg Division |
| Tel: | +81-(0)3-6758-6711 |
Product information, contact and o賭ける ベットer context are subject to change wi賭ける ベットout prior notice.
