OMRON Announces Plan to Spin Off Automotive Electronic Components Business

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

                 
        Transferring company

As of March 31, 2009

      New company

April 1, 2010 (planned)

1) Name       OMRON Corporation       Undecided
2) Business      

Manufacture and sales of

electronic devices

     

Manufacture and sales of

automotive electronic

components

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%
           

Featured Video
Jobs
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Mechanical Engineer 2 for Lam Research at Fremont, California
Equipment Engineer, Raxium for Google at Fremont, California
Upcoming Events
Coastal GeoTools 2025 Conference at 301 North Water Street - Jan 27 - 30, 2025
Commercial UAV Expo Europe 2025 at Amsterdam Netherlands - Apr 8 - 10, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise