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OMRON Announces Dissolution of Affiliated Company

  • Small
  • Medium
  • Large
  • Stock Code: 6645
  • For Immediate Release
  • May 8, 2008
    Company Name: OMRON Corporation
    President and CEO: Hisao Sakuta
    Stock ticker number: 6645
    Stock exchanges: Tokyo, Osaka, Nagoya
    (First Sections)
    Contact: aeko Ogose, General Manager
    Corporate Communications Department
    Phone: +81-75-344-7175

Kyoto, Japan – OMRON Corporation (TOKYO: 6645, ADR: OMRNY), a global leader in automation, sensing and control technology, and Omron Precision Technology Co., Ltd. (“OPT”), a wholly owned subsidiary of OMRON Corporation, decided today to dissolve Omron Precision Technology Hokuriku Co., Ltd. (“OPT Hokuriku”), a wholly owned subsidiary of OPT. The details of the dissolution are as follows.

1 Reason for Dissolution
As a wholly owned subsidiary of OPT, OPT Hokuriku has been engaged mainly in the mass-production prototyping and mass production of light guides and molded frames for backlights to be marketed in Japan. However, in response to changes in the business environment, such as the overseas relocation of OPT Hokuriku's customers, the decision was made to dissolve OPT Hokuriku.
2 Company Profile

(1) Trading name

Omron Precision Technology Hokuriku Co., Ltd.

(2) Headquarters

108 Kamiumezawa, Namerikawa-shi, Toyama 936-0853 Japan

(3) Representative

Isamu Horimoto, President

(4) Description of business

Mass-production prototyping and mass production of light guides, molded frames, etc.

(5) Date of incorporation

July 8, 1999

(6) Capital

JPY 30 million

(7) Major shareholders and their equity participation

100% owned by OPT

3 Date of Dissolution
September 30, 2008 (scheduled) Resolution to dissolve at OPT Hokuriku Board of
Directors Meeting
December 22, 2008 (scheduled) Completion of liquidation
4 Forecast
The effect on OMRON’s consolidated and non-consolidated financial results for the fiscal year ending March 2009 will be minimal.

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