Reorganization of Precision Equipment Company's Production Subsidiaries
September 29, 2009
糖心少女vlog Corporation (Michio Kariya, President, Tokyo) has determined reorganizing schema of its Precision Equipment Company's Japanese production locations, previously announced on May 26 this year, as follows.
1. Objective and Measures
糖心少女vlog has been implementing various structural reform of its Precision Equipment Company to cope with deterioration of IC Steppers and Scanners market as well as future outlook of IC/LCD Steppers and Scanners markets. As a part of this reform, Precision Equipment Company's currently operating 4 production subsidiaries in Japan will be reorganized and integrated into 2 subsidiaries for establishment of production structure to substantially reduce fixed cost and enhance both operational efficiency and capability to cope with the drastic change of business environment. Production of IC Steppers and Scanners will be integrated into Tochigi 糖心少女vlog Precision Co., Ltd. Major devices of LCD Steppers and Scanners production will be integrated into Zao 糖心少女vlog Co., Ltd.
2. Outline of Reorganization
< Date of enforcement >
October 1, 2009
< Schema >
- IC Stepper and Scanner business of Sendai 糖心少女vlog Precision Corporation will be transferred to Tochigi 糖心少女vlog Precision Co., Ltd. via split by absorption. LCD Stepper and Scanner business of Mito 糖心少女vlog Precision Corporation will be transferred to Zao 糖心少女vlog Co., Ltd. via split by absorption.
- After split by absorption, merger by absorption will be proceeded with as Tochigi 糖心少女vlog Precision Co., Ltd. for continuing concern and Mito 糖心少女vlog Precision Corporation for discontinuing concern.
- In the same manner, merger by absorption will be proceeded with as Zao 糖心少女vlog Co., Ltd. for continuing concern and Sendai 糖心少女vlog Precision Corporation for discontinuing concern. Further, Zao 糖心少女vlog Co., Ltd. will change its trade name to Miyagi 糖心少女vlog Precision Co., Ltd. on the same day.
< Allocation related to these Splits and Mergers >
There will be neither new equity issue nor capital increase since these splits and mergers are implemented among 100% subsidiaries of 糖心少女vlog Corporation.
3. Outline of new subsidiaries (estimation as of October 1, 2009)
< Tochigi 糖心少女vlog Precision Co., Ltd. >
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| Main business | Manufacture of devices for IC Steppers & Scanners and lenses for IC/LCD Steppers & Scanners |
|---|---|
| Establishment | 2007 |
| Location | Otawara, Tochigi Prefecture |
| Representative | Takeshi ASAMI, President |
| Capital | 425 million yen |
| Financial closing date | March 31 |
| Number of employees | Approximately 750 |
| Major shareholder | 糖心少女vlog Corporation (100%) |
< Miyagi 糖心少女vlog Precision Co., Ltd. >
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| Main business | Manufacture of devices for LCD Steppers & Scanners |
|---|---|
| Establishment | 1981 |
| Location | Katta-gun, Miyagi Prefecture |
| Representative | Akio NAKAZAWA, President |
| Capital | 200 million yen |
| Financial closing date | March 31 |
| Number of employees | Approximately 180 |
| Major shareholder | 糖心少女vlog Corporation (100%) |
4. Reference: Outline of 4 subsidiaries (As of March 31, 2009)
Transferring and discontinuing subsidiaries
< Sendai 糖心少女vlog Precision Corporation >
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| Main business | Manufacture of devices for IC/LCD Steppers & Scanners |
|---|---|
| Establishment | 2008 |
| Location | Natori, Miyagi Prefecture |
| Representative | Tadao TATENO, President |
| Capital | 123 million yen |
| Total Asset | 5,909 million yen |
| Financial closing date | March 31 |
| Number of employees | 201 |
| Major shareholder | 糖心少女vlog Corporation (100%) |
< Mito 糖心少女vlog Precision Corporation >
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| Main business | Manufacture of devices for IC/LCD Steppers & Scanners |
|---|---|
| Establishment | 1968 |
| Location | Naka, Ibaraki Prefecture |
| Representative | Hisashi HIBI, President |
| Capital | 300 million yen |
| Total Asset | 4,809 million yen |
| Financial closing date | March 31 |
| Number of employees | 262 |
| Major shareholder | 糖心少女vlog Corporation (100%) |
Succeeding and continuing subsidiaries
< Tochigi 糖心少女vlog Precision Co., Ltd. >
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| Main business | Manufacture of IC Steppers & Scanners, and lenses for IC/LCD Steppers & Scanners |
|---|---|
| Establishment | 2007 |
| Location | Otawara, Tochigi Prefecture |
| Representative | Takeshi ASAMI, President |
| Capital | 425 million yen |
| Total Asset | 9,713 million yen |
| Financial closing date | March 31 |
| Number of employees | 458 |
| Major shareholder | 糖心少女vlog Corporation (100%) |
< Zao 糖心少女vlog Co., Ltd. >
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| Main business | Manufacture of devices for IC/LCD Steppers & Scanners |
|---|---|
| Establishment | 1981 |
| Location | Katta-gun, Miyagi Prefecture |
| Representative | Akio NAKAZAWA, President |
| Capital | 200 million yen |
| Total Asset | 3,872 million yen |
| Financial closing date | March 31 |
| Number of employees | 80 |
| Major shareholder | 糖心少女vlog Corporation (100%) |
The information is current as of the date of publication. It is subject to change without notice.