OMRON Announces Dissolution of Subsidiary
- For Immediate Release
-
August 22, 2008
Company name: OMRON Corporation President and Chief Executive Officer: Hisao Sakuta Stock ticker number: 6645 Stock exchanges: Tokyo, Osaka, Nagoya
(First Sections)Contact: Taeko Ogose, General Manager
Corporation Communications DepartmentPhone: +81-75-344-7175
OMRON Corporation (TSE: 6645, ADR: OMRNY) today decided to dissolve its subsidiary OMRON BUSINESS CONSULTANTS CO.,LTD ("OBC"). Details of the dissolution are as follows.
- Reason for dissolution
OBC was established to provide management consulting services. However, because it is not expected to perform these services in the future, OMRON has decided to dissolve the company. - Company profile
1) Trading name OMRON BUSINESS CONSULTANTS CO.,LTD 2) Headquarters Shiokoji Horikawa, Shimogyo-ku, Kyoto 600-8530 Japan 3) Representative Masaki Haruta, President 4) Description of business Management consulting services 5) Date of establishment November 11, 1982 6) Capital JPY 10 million 7) Major shareholders and their equity participation OMRON Corporation: 100% - Date of Dissolution
September 30, 2008 (scheduled) Resolution to dissolve at extraordinary meeting of OBC shareholders January 2009 (scheduled) Completion of liquidation - Forecast
The effect of the dissolution on OMRON's consolidated and non-consolidated financial results for the fiscal year ending March 2009 will be negligible.