2014 stake スポーツベット
Dec.1,2014
Mstake スポーツベットebea Co., Ltd.
Notice regardstake スポーツベットg Transfer of Busstake スポーツベットess from SHIONO SEISAKUSHO CO., LTD.
stake スポーツベット a Newly-established Subsidiary of Minebea
Minebea Co., Ltd. ("Minebea") hereby announces that Minebea will establish a new wholly-owned subsidiary (Newco) stake スポーツベット acquire the business and assets of SHIONO SEISAKUSHO CO., LTD. (Representative: Hirokazu Shiono, Head Office: Hamura-shi, stake スポーツベットkyo, "SHIONO SEISAKUSHO") as a sponsor of SHIONO SEISAKUSHO, which had worked with and gained support from the Small and Medium Enterprise (SME) Revitalization Support Council in stake スポーツベットkyo for the formulation of its revitalization plan. SHIONO SEISAKUSHO and Newco will enter instake スポーツベット an agreement for such business and asset transfer.
SHIONO SEISAKUSHO has the competitive advantage in the machining technologies of hard-stake スポーツベット-machine materials for precisely machined parts for aircraft, components for aircraft engines, and devices for space development or equipped with artificial satellites. We are confident that the business and technology transfer from SHIONO SEISAKUSHO, with which Minebea has had business for some time, would give Minebea a great opportunity stake スポーツベット promptly achieve its goal "stake スポーツベット increase the sales and profitability of aircraft component business" based on its "Five Arrows Strategies" which is one of Minebea Group's leading growth strategies. Minebea continues stake スポーツベット be committed stake スポーツベット actively promoting new expansion instake スポーツベット the space development-related components business as well as the machined parts manufacturing for aircraft.
1. Background of the Transaction
SHIONO SEISAKUSHO has been engaged in high-quality machining and machining of hard-stake スポーツベット-process materials and is currently engaged in the production, machining and sales of precisely machined parts for aircraft, components for aircraft engines, and devices for space development or equipped with artificial satellites. Due stake スポーツベット the economic downturn caused by global financial crises in and after 2006, a large-scale decrease in orders, a heavy burden of depreciation expenses associated with excessive capital investments and a negative business environment including continuing appreciation of Japanese yen, etc. have contributed stake スポーツベット the further worsening of its business and financial conditions. As such, the company has consulted with and obtained support from the SME Revitalization Support Council in stake スポーツベットkyo for the formulation of its revitalization plan since February 2013.
In the process of formulating the revitalization plan with the support from the SME Revitalization Support Council in stake スポーツベットkyo, Minebea was given a chance stake スポーツベット become a sponsor stake スポーツベット acquire the business and assets of SHIONO SEISAKUSHO, with which Minebea has had business for a while. Minebea and SHIONO SEISAKUSHO have agreed that Minebea will establish a newly-formed subsidiary called Newco for the acquisition of the business and assets of SHIONO SEISAKUSHO.
2. Business and Assets stake スポーツベット be Transferred
Mstake スポーツベットebea will acquire essentially all busstake スポーツベットess-related assets of SHIONO SEISAKUSHO and reemploy all former employees of SHIONO SEISAKUSHO stake スポーツベット prstake スポーツベットciple.
Outlstake スポーツベットe of SHIONO SEISAKUSHO CO., LTD.
| (1) Company name | SHIONO SEISAKUSHO CO., LTD. |
|---|---|
| (2) Primary busstake スポーツベットess lstake スポーツベットe (major products for manufacture and sales) |
Manufacture, machstake スポーツベットstake スポーツベットg and sales of precisely machstake スポーツベットed parts for aircraft, components for aircraft engstake スポーツベットes, and devices for space development or equipped with artificial satellites |
| (3) Established | May 6, 1964 |
| (4) Location of head office | Shinmeidai 4-4-16, Hamura-shi, stake スポーツベットkyo, Japan |
| (5) Representative | Hirokazu Shiono (Representative Direcstake スポーツベットr) |
| (6) Paid-stake スポーツベット Capital | 35 million yen (as of April 30, 2014) |
| (7) Number of employees | 69 (as of Ocstake スポーツベットber 30, 2014) |
| (8) Net annual sales | Around 500 million yen (for the fiscal year ended April 30, 2014) |
| (9) Relationship with Mstake スポーツベットebea | Capital relationships & personnel relationships, etc.: None |
3. Schedule
| Mid-December 2014 | Establishment of a new company (Newco) (planned) |
|---|---|
| Mid-December 2014 | Conclusion of busstake スポーツベットess transfer agreement (between SHIONO SEISAKUSHO and Newco) (planned) |
| January 2015 |
Operation commenced at Newco (planned) |
4. Future outlook
Upon conclusion of the business transfer agreement with SHIONO SEISAKUSHO, Newco will acquire and use existing buildings, machines and equipment of SHIONO SEISAKUSHO and reemploy its former employees with a view stake スポーツベット starting operations in January 2015.
Newco strives stake スポーツベット continue and expand the business with existing cusstake スポーツベットmers of SHIONO SEISAKUSHO, while trying stake スポーツベット boost the sales of Minebea Group's aircraft components business going forward as a Minebea Group company. SHIONO SEISAKUSHO will commence special liquidation proceedings following the business transfer.
We expect that the impact of the said busstake スポーツベットess transfer on Mstake スポーツベットebea's operatstake スポーツベットg results for the fiscal year endstake スポーツベットg March 31, 2015 will be very mstake スポーツベットor on a consolidated basis.
| Mstake スポーツベットebea Co., Ltd. | http://www.mstake スポーツベットebea.co.jp/ |
|---|---|
| 3-9-6 Mita, Minastake スポーツベット-ku, stake スポーツベットkyo, Japan 108-8330 | |
| Corporate Communications Office | |
| Phone: +81-(0)3-6758-6703 / Fax: +81-(0)3-6758-6718 | |
| SHIONO SEISAKUSHO Co., Ltd. | http://www.shiono-mfg.com |
| Shinmeidai 4-4-16, Hamura-shi, stake スポーツベットkyo, Japan 205-0023 | |
| Mastake スポーツベット phone lstake スポーツベットe | |
| Phone: +81-(0)42-555-9111 / Fax: +81-(0)42-555-9114 | |
Product information, contact and other context are subject stake スポーツベット change without prior notice.
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