Minebea Co., Ltd.
Notice Regarding Recording of Extraordinary Loss
(Non-consolidated Financial Statements)
Minebea Co., Ltd. ("Minebea") announces that it has recorded the following extraordinary loss on a non-consolidated basis in the second quarter of the fiscal year ending March 31, 2013.
1. Recording of the extraordinary loss
Regarding the transfer prices of its business with NMB-Minebea Thai Ltd., its subsidiary in Thailand, Minebea previously applied for an Advance Pricing Arrangement ("APA") for the method of computing Arm's Length Price, etc. with the tax authorities in Japan and Thailand. Recently, an agreement has been obtained in mutual consultations with both of the tax authorities.
This has determined Minebea's payment of a price adjustment of THB 1,158 million to NMB-Minebea Thai Ltd., resulting in recording JPY 2,907 million as an extraordinary loss in this quarter.
2. Impact on consolidated financial results
There is no negative impact on Minebea's consolidated financial statements, because the adjustment of the transfer prices based on the agreement concerns Minebea's internal transactions.
|Company Name:||Minebea Co., Ltd.|
President and Chief Executive Officer
(Code No. 6479, TSE Div. No.1)
Managing Executive Officer
Deputy Officer in charge of Administration,
Planning, Accounting Division
Product information, contact and other context are subject to change without prior notice.