Minebea Co., Ltd.
Announcement Regarding Business Transfer and Liquidation of Subsidiary
Minebea Co., Ltd. ("Minebea") hereby announces that, at a Board of Directors meeting held on September 26, 2014, it has resolved to acquire all the business of NMB Electro Precision, Inc. ("NMBEPI") and liquidate NMBEPI, a consolidated subsidiary of Minebea.
NMBEPI was established in June 1990 in Sendai, Miyagi Prefecture for the production of induction motors, fan motors and other motors. Following the structural reorganization in April 2013 involving its business reorganized into the Precision Motor, Industrial Machinery & Special Device Division of Minebea, we have decided to transfer the business of NMBEPI to Minebea and liquidate the company as detailed below.
1. Outline of NMB Electro Precision, Inc.
|(1) Representative:||Toshiro Ogata (Representative Director)|
|(2) Location of Head Office:||Kitasaku-gun, Nagano Prefecture|
|(3) Date of Establishment:||June 27, 1990|
|(4) Capital:||50 million yen|
|(5) Number of Employees:||26 (As of March 31, 2014)|
|(6) Shareholder:||Minebea Co., Ltd. 100%|
|(7) Business:||Manufacture of fan motors and other motors|
2. Timing of Business Transfer and Liquidation
March 31, 2015 (planned)
3. Outlook for the Future
There will be little impact of this business transfer and liquidation on Minebea's business performance for the fiscal year ending March 31, 2015.
|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, Accounting, and IT Division
Product information, contact and other context are subject to change without prior notice.