2015
Oct.15, 2015
Minebea Co., Ltd.
Okamoto Glass Co., Ltd.
JAPAN 3D DEVICES Co., Ltd.
Announcement of the Fixed Amount Granted to JAPAN 3D DEVICES Co., Ltd.
JAPAN 3D DEVICES Co., Ltd. ("J3DD", Head Office: Kashiwazaki-shi, Niigata, President: Tomoyuki Saito), a subsidiary of Minebea Co., Ltd. ("Minebea", Head Office: Miyota-machi, Kitasaku-gun, Nagano, Representative Director, President and CEO: Yoshihisa Kainuma) and also an affiliated company accounted for by the equity method of Okamoto Glass Co., Ltd. ("Okamoto Glass", Head office: Kashiwa-shi, Chiba, President and CEO: Tsuyoshi Okamoto) has been granted a subsidy for the "Project to Promote Investment in Advanced Equipment as Measures to Deal with Yen Appreciation and Energy Constraints" for FY 2012(Note*) by the Ministry of Economy, Trade and Industry for part of the manufacturing facilities for the production of concave mirrors for use in head-up displays ("HUDs") and glass components used in the three-dimensional-type (3D) cover glasses for smartphones. Please be advised of the amount of the subsidy, which has been determined by the relevant government authorities.
Amount of the subsidy granted: 973,111,500 yen
There will be no revision to the consolidated business forecast for the fiscal year ending March 2016 for Minebea or Okamoto Glass.
Note*:The subsidy for the "Project to Promote Investment in Advanced Equipment as Measures to Deal with Yen Appreciation and Energy Constraints", which has been awarded to J3DD, is intended to subsidize a portion of the cost of installing latest equipment, etc., in view of overcoming appreciation of the yen and energy constraints, toward the enhancement of industrial competitiveness and prevention of hollowing-out of industries.
Outline of J3DD
| (1) Company name | JAPAN 3D DEVICES Co., Ltd. |
|---|---|
| (2) Location of head office | 7587-1 Oaza-yasuda, Kashiwazaki-shi, Niigata |
| (3) Representative | Tomoyuki Saito (President) |
| (4) Principal business line | Manufacture, processing and sales of electronic and optical equipment |
| (5) Paid-in Capital | 751 million yen (as of September 30, 2015) |
| (6) Established | April 14, 2014 |
| (7) Financial closing date | March 31 |
| (8) Share holding ratio | Minebea: 73.57%, Okamoto Glass: 26.43% |
| (9) Plant area | 3,324.16 square meters |
| (10) Number of employees | 37 (as of October 1, 2015), To be increased to 45 by the end of the Fiscal Year ending March 31, 2016 |
| (11) Relationships with Minebea |
(i) Capital relationship: Consolidated subsidiary of Minebea
(ii) Personnel relationship: Minebea's directors and employees hold the positions of 3 directors and 1 corporate auditor of this company |
| (12) Relationships with Okamoto Glass |
(i) Capital relationship: Okamoto Glass' affiliated company accounted for by the equity method
(ii) Personnel relationship: Okamoto Glass's directors and corporate auditor hold the positions of 2 directors and 1 corporate auditor of this company |
Outline of Minebea
| (1) Company name | Minebea Co., Ltd. |
|---|---|
| (2) Location of head office | 4106-73 Oaza Miyota, Miyota-machi, Kitasaku-gun, Nagano |
| (3) Representative | Yoshihisa Kainuma Representative Director, President and Chief Executive Officer |
| (4) Principal business line | Machinery components business, Electronic devices and components business |
| (5) Paid-in capital | 68,258 million yen (as of March 31, 2015) |
| (6) Established | July, 1951 |
| (7) Financial closing date | March 31 |
| (8) Major shareholders and shareholding ratio | The Master Trust Bank of Japan, Ltd. (Trust Account): 7.64% Japan Trustee Services Bank, Ltd. (Trust Account): 5.51% Takahashi Industrial and Economic Research Foundation: 4.08% (as of March 31, 2015) |
| (9) Total net assets (consolidated) | 233,679 million yen (as of March 31, 2015) |
| (10) Total assets (consolidated) | 490,043 million yen (as of March 31, 2015) |
| (11) Net sales (consolidated) | 500,676 million yen (Fiscal Year ended in March 31, 2015) |
| (12) Number of employees | 3,853 (as of July 31, 2015) (Non-consolidated) 69,348 (as of July 31, 2015) (Consolidated) |
Outline of Okamoto Glass
| (1) Company name | Okamoto Glass Co., Ltd. |
|---|---|
| (2) Location of head office | 380, Toyofuta, Kashiwa-shi, Chiba |
| (3) Representative | Tsuyoshi Okamoto (President and CEO) |
| (4) Principal business line | Manufacture and sales of special-purpose glass for industrial use, and multi-layer thin film and film evaporation products |
| (5) Paid-in Capital | 1,840 million yen (as of September 30, 2015) |
| (6) Incorporated | March 1947 (Founded in October 1928) |
| (7) Financial closing date | March 31 |
| (8) Major shareholders and shareholding ratio | OKAMOTO KOHSAN INC. : 31.33% OHARA INC. : 9.40% OGC INC. : 6.69% (as of March 31, 2015) |
| (9) Total net assets (consolidated) | 808 million yen (as of March 31, 2015) |
| (10) Total assets (consolidated) | 6,100 million yen (as of March 31, 2015) |
| (11) Net sales (consolidated) | 6,119 million yen (Fiscal Year ended in March 31, 2015) |
| (12) Number of employees | 237 (as of March 31, 2015) (Non-consolidated) 343 (as of March 31, 2015) (Consolidated) |
| (13) Relationships with Minebea | Capital relationships & personnel relationships, etc.: None |
| Company Name: | Minebea Co., Ltd. |
|---|---|
| Representative: | Yoshihisa Kainuma Representative Director, President and Chief Executive Officer (Code No. 6479, TSE Div. No.1) |
| Contact: | Yasuo Komine General Manager Corporate Communications Office |
| Phone: | +81-(0)3-6758-6703 |
| Company Name: | Okamoto Glass Co., Ltd. |
|---|---|
| Representative: | Tsuyoshi Okamoto President and CEO (Code No. 7746, JASDAQ) |
| Contact: | Takashi Kazama General Manager Corporate Finance Div. |
| Phone: | +81-(0)4-7137-3111 |
| Company Name: | JAPAN 3D DEVICES Co., Ltd. |
|---|---|
| Representative: | Tomoyuki Saito, President |
Product information, contact and other context are subject to change without prior notice.
