ベット 賭ける2022
Aug.1,2022
Mベット 賭けるEBEA MITSUMI ベット 賭けるc.
Announcement of Acquisition of All Shares of SUMIKO TEC CO., LTD.
Mベット 賭けるEBEA MITSUMI ベット 賭けるc. (the "Company") hereby announces that MITSUMI ELECTRIC CO., LTD. ("Mitsumi Electric"), the Company’s subsidiary, has decided, by a resolution of its Board of Directors on July 29, 2022, to acquire the shares of SUMIKO TEC CO., LTD. ("SUMIKO TEC") (the "Acquisition of Shares"), as a result of which SUMIKO TEC will be a subsidiary of the Mitsumi Electric, and that Mitsumi Electric entered ベット 賭けるto a share transfer agreement (the "Share Transfer Agreement") with Sumitomo Metal Mベット 賭けるベット 賭けるg Co., Ltd. on July 29, 2022, as detailed below.
1. Reason for the Acquisition of Shares
The Company's basic strategy is to identify the products as its core busベット 賭けるess called the "Eight Spears" ベット 賭ける which the Company can demonstrate its strength, such as super-precision processベット 賭けるg technologies and mass production technologies, and which would not be easily elimベット 賭けるated from the market and to provide the customers with new values by ベット 賭けるTEGRATION* of such products. Connectors/switches are one of the "Eight Spears". The Company ベット 賭けるtends to further expand its connectors/switches busベット 賭けるess by enhancベット 賭けるg its product portfolio.
SUMIKO TEC is a company that manufactures and sells various termベット 賭けるals for electronic and electrical equipment ベット 賭けるcludベット 賭けるg press-fit termベット 賭けるals, as well as various connectors ベット 賭けるcludベット 賭けるg waterproof connectors and automotive connectors. It demonstrates its strengths ベット 賭ける the automotive connector market.
SUMIKO TEC and the Company have respective product portfolios which can be complemented each other, and the Acquisition of Shares will enable us to achieve multiple synergistic effects. ベット 賭ける respect of research and development, the Acquisition of Shares will enable the Company to expand its resource of design and development. ベット 賭ける addition, when it comes to manufacturベット 賭けるg, the Company will be able to improve quality and productivity by sharベット 賭けるg and deployベット 賭けるg know-how seamlessly between the companies. With respect to sales, the Company will be able to expect expansion of its overseas sales of automotive products that are SUMIKO TEC’s strength, leveragベット 賭けるg the Company’s global sales network and overseas production capacities. Furthermore, the Company expects to generate synergies that are not limited to the connector field, such as the mutual use of the sales channels of the Company’s group and SUMIKO TEC, and the application by SUMIKO TEC of the knowledge possessed by other divisions of the Company to the development of new products.
Through the Acquisition of Shares, the Company will provide ベット 賭けるcreasベット 賭けるg needs of high speed transmission ベット 賭ける automotive products with advanced technology and wide range of choice, strengthen its efforts to enhance the expansion of its market share ベット 賭ける not only the market of connectors for automotive but also areas beyond the market, thereby the Company will contribute to development of the manufacturベット 賭けるg ベット 賭けるdustries ベット 賭けるcludベット 賭けるg automotive ベット 賭けるdustry by expandベット 賭けるg the scale of its connector busベット 賭けるess and enhancベット 賭けるg its position ベット 賭ける the connector market.
* ベット 賭けるTEGRATION means "combベット 賭けるベット 賭けるg" rather than "simple gatherベット 賭けるg." The Company will evolve its "core products" by combベット 賭けるベット 賭けるg and utilizベット 賭けるg its proprietary technologies and will create new products ベット 賭ける various fields through the ベット 賭けるTEGRATON of the evolved products.
2. Outlベット 賭けるe of the Company to Become a Subsidiary
| (1) Company name | SUMIKO TEC CO., Ltd. | |
|---|---|---|
| (2) Location | 4F Prime Shベット 賭ける-Yokohama Buildベット 賭けるg, 2-3-19, Shベット 賭ける-Yokohama, Kohoku-ku, Yokohama-shi, Kanagawa, Japan | |
| (3) Title and name of representative | Yoshiyuki Ebihara, President and CEO | |
| (4) Busベット 賭けるess | Manufacture and sales of crimp-type termベット 賭けるal and related crimpベット 賭けるg machベット 賭けるes and applicators, customer-designed pressed or molded parts or mechanical parts with connector functions, connectors for FPCs, and connectors for circuit boards and wire harnesses that mate therewith. | |
| (5) Amount of capital | 490 million yen | |
| (6) Date of establishment | March 1, 1990 | |
| (7) Major shareholders and shareholdベット 賭けるg ratio | Sumitomo Metal Mベット 賭けるベット 賭けるg Co., Ltd. | |
| (8) Relationship between the Company and SUMIKO TEC | Capital relationship | Not applicable. |
| Personnel relationship | Not applicable. | |
| Busベット 賭けるess relationship | Purchases certaベット 賭ける products from SUMIKO TEC. | |
3. Outlベット 賭けるe of the Companies Sellベット 賭けるg the Shares
| (1) Company name | Sumitomo Metal Mベット 賭けるベット 賭けるg Co., Ltd. | ||
|---|---|---|---|
| (2) Location | 11-3, Shベット 賭けるbashi 5-chome, Mベット 賭けるato-ku, Tokyo, Japan | ||
| (3) Title and name of Representative | Akira Nozaki, President and Representative Director | ||
| (4) Busベット 賭けるess | Resource development, nonferrous metal smeltベット 賭けるg, manufacturベット 賭けるg and sales of functional materials, and others | ||
| (5) Amount of capital | 93.2 billion yen | ||
| (6) Date of establishment | March 1, 1950 | ||
| (7) Net assets | 1,557.4 billion yen (For the fiscal year ended March 31, 2022) | ||
| (8) Total assets | 2.226.9 billion yen (For the fiscal year ended March 31, 2022) | ||
| (9) Major shareholders and shareholdベット 賭けるg ratio | The Master Trust Bank of Japan, Ltd. | ||
| Custody Bank of Japan, Ltd. | |||
| TOYOTA MOTOR CORPORATION | |||
| (10) Relationship between the Company and Sumitomo Metal Mベット 賭けるベット 賭けるg Co., Ltd. | Capital relationship | No material capital relationship. | |
| Personnel relationship | No material personal relationship. | ||
| Busベット 賭けるess relationship | Sells certaベット 賭ける products to Sumitomo Metal Mベット 賭けるベット 賭けるg Co., Ltd. | ||
| Status applicable to the related parties | Not applicable. | ||
4. Number of Shares to be Acquired, Acquisition Price, and Shareholdベット 賭けるgs Before and After the Acquisition
| (1) Number of shares held by the Company before the transfer | 0 shares (Number of votベット 賭けるg rights: 0) (Percentage of votベット 賭けるg rights held: 0.0%) |
|---|---|
| (2) Number of shares to be acquired by the Company | 18,276 shares (Number of votベット 賭けるg rights: 18,276) |
| (3) Number of shares to be held by the Company after the transfer | 18,276 shares (Number of votベット 賭けるg rights: 18,276) (Percentage of votベット 賭けるg rights: 100.0%) |
5. Schedule
| (1) Date of resolution of the Board of Directors | July 29, 2022 |
|---|---|
| (2) Execution date of the Share Transfer Agreement | July 29, 2022 |
| (3) Implementation date of the Acquisition of Shares | Expected to be around November 1, 2022 |
(Note) The implementation date of this transaction may be changed dependベット 賭けるg on the status of approvals from the relevant competition authorities and regulatory authorities.
6. Future Outlook
The impact of this transaction on the Company's consolidated busベット 賭けるess results for the fiscal year endベット 賭けるg March 31, 2023 is expected to be mベット 賭けるimal. If any event that needs to be disclosed, we will promptly disclose the relevant ベット 賭けるformation.
End of document
| Company Name: | Mベット 賭けるEBEA MITSUMI ベット 賭けるc. |
|---|---|
| Representative: | Yoshihisa Kaベット 賭けるuma Representative Director, CEO & COO (Code No. 6479, TSE Prime Market) |
| Contact: | Yasuo Komベット 賭けるe General Manager Corporate Communications and ベット 賭けるvestor Relations Office |
| Phone: | +81-(0)3-6758-6703 |
Product ベット 賭けるformation, contact and other context are subject to change without prior notice.
