3) Share allocation
Upon the corporate split, the new company will issue shares of common stock and allocate all of those shares to OMRON, making it a wholly owned subsidiary of OMRON.
4) Other
OMRON plans to announce information regarding the treatment of new stock acquisition rights and corporate bonds issued as a result of the corporate split, the increase or decrease of capital as a result of the split, rights and obligations to be assumed by the new company, and outlook for the fulfillment of obligations after plans for the split are approved at the board of directors meeting scheduled for the second half of January 2010.
3. Overview of Companies Involved in the Spin Off |
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Transferring company
As of March 31, 2009 |
New company
April 1, 2010 (planned) |
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1) Name | OMRON Corporation | Undecided | ||||||
2) Business |
Manufacture and sales of electronic devices |
Manufacture and sales of automotive electronic components |
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3) Established | May 10, 1933 | April 1, 2010 (planned) | ||||||
4) Head office | Kyoto city, Kyoto prefecture | Undecided | ||||||
5) Representative |
Hisao Sakuta,
President & CEO |
Undecided | ||||||
6) Capital | JPY 64,100 million | Undecided | ||||||
7) Shares outstanding | 239,121,372 shares | Undecided | ||||||
8) Net assets |
JPY 298,411 million (consolidated) |
Undecided | ||||||
9) Total assets |
JPY 538,280 million (consolidated) |
Undecided | ||||||
10) Fiscal year end | March 31 | March 31 | ||||||
11) Principal shareholders and their holdings (%) |
State Street Bank and Trust Company 505223 5.89% Japan Trustee Services Bank, Ltd. (Trust Account 4G) 4.53% |
OMRON Corporation 100% | ||||||