MISUMI's Notice Regarding the Transfer of Shares in a Subsidiary
Resource from: MISUMI Group Likes:3062
May 17,2012
The MISUMI Group has decided to transfer shares in its consolidated subsidiary PROMICLOS Corporation to Nifty Corporation.
1. Reason for the transfer of shares
We spun off our medical business (part of our Diversified Businesses segment) into PROMICLOS Corporation effective April 1, 2006. To realize the potential of the business, which is a different field than the MISUMI Group's core mehanical industrial business, we have managed PROMICLOS as an independent entity.
Nifty, which has established a reputation for its endeavors in Internet business targeting consumers, expressed interest in acquiring shares in PROMICLOS. After carefully considering the importance of focusing resources within the management strategy of the MISUMI Group and the future growth potential of PROMICLOS, we have decided to accept Nifty's offer to acquire shares in PROMICLOS.
2. An overview of PROMICLOS Corporation (the company subject to the share transfer)
(1) Trade name: PROMICLOS Corporation
(2) Address: 2-8-3, Kiba, Koto-ku, Tokyo, Japan
(3) Representative: Masayuki Takaya
(4) Date established: Spun off from MISUMI in April 2006. Began business within MISUMI Corporation in 1994.
(5) Business: Catalog and Internet sales of medical materials for veterinary hospitals
(6) Capital: ￡¤50 million (as of March 2012)
(7) Number of employees: 18 (as of March 2012)
(8) Ownership structure: 100% owned by the MISUMI Group
(9) Number of ownership shares: 1,000 shares
(10) Business year end: March 31
3. An overview of Nifty (the company acquiring the shares in PROMICLOS)
(1) Trade name: Nifty
(2) Address: Shinjuku Front Tower, 21-1, Kita-shinjuku 2-chome, Shinjuku-ku, Tokyo, Japan
(3) Representative: Takashi Imamura
(4) Date established: February 4, 1986
(5) Business: ISP business and Internet services
(6) Relationship with MISUMI: None in particular
4. Number of shares to be transferred and ownership status after the transfer
(1) Number of ownership shares before the transfer: 1,000 shares (100% ownership)
(2) Number of shares to be transferred: 1,000 shares
(3) Number of ownership shares after the transfer: 0 shares (0% ownership)
5. Planned timing of the share transfer
(1) Share transfer date: May 31, 2012
6. Future outlook
PROMICLOS Corporation will no longer be one of our consolidated subsidiaries after execution of the share transfer.
For the impact on our FY2012 consolidated performance forecasts, please see our May 17, 2012, press release entitled "Notice Regarding Revisions to Business Performance and Dividend Forecasts".
(MISUMI Group)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
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