Reorganization of Precision Equipment Company's Production Subsidiaries
September 29, 2009
Nikon 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
Nikon 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 Nikon Precision Co., Ltd. Major devices of LCD Steppers and Scanners production will be integrated into Zao Nikon Co., Ltd.
2. Outline of Reorganization
< Date of enforcement >
October 1, 2009
< Schema >
- IC Stepper and Scanner business of Sendai Nikon Precision Corporation will be transferred to Tochigi Nikon Precision Co., Ltd. via split by absorption. LCD Stepper and Scanner business of Mito Nikon Precision Corporation will be transferred to Zao Nikon Co., Ltd. via split by absorption.
- After split by absorption, merger by absorption will be proceeded with as Tochigi Nikon Precision Co., Ltd. for continuing concern and Mito Nikon Precision Corporation for discontinuing concern.
- In the same manner, merger by absorption will be proceeded with as Zao Nikon Co., Ltd. for continuing concern and Sendai Nikon Precision Corporation for discontinuing concern. Further, Zao Nikon Co., Ltd. will change its trade name to Miyagi Nikon 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 Nikon Corporation.
3. Outline of new subsidiaries (estimation as of October 1, 2009)
< Tochigi Nikon Precision Co., Ltd. >
Swipe horizontally to view full table.
| 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 | Nikon Corporation (100%) |
< Miyagi Nikon Precision Co., Ltd. >
Swipe horizontally to view full table.
| 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 | Nikon Corporation (100%) |
4. Reference: Outline of 4 subsidiaries (As of March 31, 2009)
Transferring and discontinuing subsidiaries
< Sendai Nikon Precision Corporation >
Swipe horizontally to view full table.
| 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 | Nikon Corporation (100%) |
< Mito Nikon Precision Corporation >
Swipe horizontally to view full table.
| 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 | Nikon Corporation (100%) |
Succeeding and continuing subsidiaries
< Tochigi Nikon Precision Co., Ltd. >
Swipe horizontally to view full table.
| 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 | Nikon Corporation (100%) |
< Zao Nikon Co., Ltd. >
Swipe horizontally to view full table.
| 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 | Nikon Corporation (100%) |
The information is current as of the date of publication. It is subject to change without notice.