2013
Mar.1, 2013
Minebea Co., Ltd.
Notice on Transfer of Fixed Assets and Report of Extraordinary Income
Minebea Co., Ltd. hereby announces that a decision had been reached at a board of directors meeting held on March 1, 2013 to transfer fixed assets as outlined below. We also hereby inform that we expect to report extraordinary income upon such transfer.
1. Purpose of Transfer
The fixed assets that are to be transferred on this occasion have been used as a manufacturing plant but in line with the wear of the factory building, it is being sold due to the establishment of a new plant for relocation in Matsuida, Annaka city, Gunma prefecture.
2. Content of Assets to be Transferred
| Asset content and location | Book value | Transfer price | Current status |
|---|---|---|---|
| 4-227 Omori-nishi, Ota-ku, Tokyo Property size: 9,894.82㎡ |
0 million yen | 4,200 million yen | Omori Plant (currently under operation) |
| Total | 0 million yen | 4,200 million yen | - |
(note) 1. Book value as of the end of January, 2013
2. The transfer price is the sales price amount after deductions for miscellaneous expenditures (expected amount).
3. Overview of Transferee
| Trade name | Sumitomo Realty & Development Co., Ltd. |
|---|---|
| Location of Head Office | 4-1 Nishi-Shinjuku 2-chome, Shinjuku-ku, Tokyo |
| Representative | Kenichi Onodera, President |
| Amount of capital | 122,805 million yen (as of September 30, 2012) |
| Key Business Profile | Sales activity includes the development and leasing of buildings; the buying and selling, brokerage, assessment of real estate. |
| Date Established | December 1, 1949 |
| Relationship with Minebea | No relationship with respect to capital, human resources, transaction or relevant parties. |
4. Schedule of Transfer
| March 1, 2013 | Resolution of Board of Directors meeting |
|---|---|
| March 21, 2013 (scheduled) | Signing of Agreement |
| March 21, 2013 (scheduled) | Delivery of Property |
5. Outlook for the Future
While the transfer of fixed assets will incur extraordinary income of around 4,200 million yen as gains from sales of fixed assets, revisions will not be made to the company results forecast (consolidated) for the period to March 2013.
| Company Name: | Minebea Co., Ltd. |
|---|---|
| Representative: | Yoshihisa Kainuma Representative Director, President and Chief Executive Officer (Code No. 6479, TSE Div. No.1) |
| Contact: | Hiromi Yoda Managing Executive Officer Deputy Officer in charge of Administration, Planning, Accounting Division |
| Tel: | +81-(0)3-6758-6711 |
Product information, contact and other context are subject to change without prior notice.
