Information in the press releases is current on the date of the announcement. Product information, contact and other context are subject to change without prior notice.
Notice Regarding Merger of Consolidated Subsidiaries
The decision was made at the June 28, 2007 meeting of the Board of Directors to merge the Company's seven consolidated subsidiaries in Thailand, namely NMB Thai Ltd., Pelmec Thai Ltd., Minebea Thai Ltd., NMB Hi-Tech Bearings Ltd., NMB Precision Balls Ltd., Minebea Electronics (Thailand) Co., Ltd. and Power Electronics of Minebea Co., Ltd.
Notice Regarding theYear-end Dividend
The following is to inform you of the decision reached by our board of directors conducted on the 8th of May, 2007, regarding the year-end dividend with a record date of the 31st of March, 2007.
Notice Regarding the Report of Extraordinary Loss
The following is to inform you of the decision reached by our board of directors conducted on the 8th of May, 2007, regarding the reporting of an extraordinary loss in accounts settled for the Fiscal Year Ending March 31, 2007.
Managerial Assignments
At its Board of Directors Meeting held today, Minebea Co., Ltd. decided the managerial assignments.
Development of DC brush motor [S Series] with double the torque relative to motor cubic content
Minebea-Matsushita Motor Corporation, a joint venture of Minebea Co., Ltd. and the Motor Company of Matsushita Electric Industrial Co., Ltd., has developed a rounded-edge, high-performance DC brush motor (S Series) that has over twice the torque relative to cubic content compared with previous motors.
Development of the World's Smallest Diameter Stepping Motor
Minebea Co., Ltd. has successfully developed and is set to begin accepting orders for sample shipment of a PM stepping motor with the world's smallest diameter at a mere 3mm.
This is followed by the development and sample shipment of a 6mm diameter PM stepping motor with an output power twice as large as our conventional models in high frequency range.
Settlement of Lawsuit in the United States of America
Our company and our affiliated company, Nippon Miniature Bearing Corporation known as NMB Technologies Corp. (an American corporation) and Precision Motors Deutsche Minebea GmbH (a German corporation) (hereinafter collectively referred to as the "Plaintiff") filed a lawsuit with the United States District Court for the District of Columbia in March 1997 against Mr. Georg Papst who had lived in Germany and Papst Licensing GmbH & Co. KG and Papst Licensing Verwaltungsgesellschaft Mit Beschrankter Haftung (hereinafter referred to as "Papst Co., Ltd"), both of which are managed by this gentleman (hereinafter collectively the "Defendant") with respect to the problems arising out of or in connection with the Agreement which had been entered into in the past between the Plaintiff and the Defendant.
In August 2006, based upon the decision against the Plaintiff given by the same District Court, we, the plaintiff, appealed in September 2006. Subsequently, we, the plaintiff carefully reviewed whether we should settle the case based on the cost for litigation. We now announce that both the Plaintiff and the Defendant have reached a settlement.
South East Asian Region Sales Headquarters functions to be Moved to Thailand
The Board of Directors decided on March 23, 2007 to move the South East Asian Region Sales Headquarters functions, which is currently located in Singapore, to Thailand in the coming term (ending March 2008). Consequently, Minebea Technologies Pte. Ltd. will be liquidated following the move.
This site uses cookies to improve your online experience. By continuing to use this site, we will assume that you are agreeing to our use of cookies. For more information about cookies, please visit our cookie policy at Terms and Conditions.
