OMRON Announces Dissolution of Affiliated Company
FOR IMMEDIATE RELEASEMay 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 MeetingDecember 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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