Notice Regarding the Completion of the Acquisition of Battery Business from Sony Corporation (PDF: 118KB)
September 01, 2017 at 12:18 pm IST
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September 1, 2017
Company name:
Murata Manufacturing Co., Ltd.
Name of representative:
Tsuneo Murata
Chairman of the Board, President and Representative Director
(Code: 6981, First section of the Tokyo Stock Exchange)
Contact:
Takumi Ikushima
General Manager of Corporate Communication Department
(Phone: 075-955-6786)
Notice Regarding the Completion of the Acquisition of Battery Business from Sony Corporation
Murata Manufacturing Co., Ltd. ("Murata"), as previously announced in the press releases entitled "Notice Regarding Acquisition of Battery Business from Sony Corporation" on October 31, 2016 and "Announcement Regarding the Expected Closing of the Transfer of the Battery Business from Sony to Murata Manufacturing" on July 19, 2017, announce today that the acquisition of battery business ("Business") from Sony Corporation ("Sony") has been completed.
Consequently, Murata acquired 100% of shares of Tohoku Murata Manufacturing Co., Ltd. which was established by Sony in December 9, 2016 and succeeded the Business by the company split which became effective as of today.
Murata will take over the technology and business experience of the battery business which the Sony Group has cultivated and place it as a core business in the energy field, which is a focus market, and will implement actions to achieve our business goals as set out in "Mid-term Direction 2018".
The impact on Murata's consolidated business results in the fiscal year ending in March 2018 is currently being assessed, and will be announced once determined.
Outline of the subsidiaries (as of September 1, 2017)
Tohoku Murata Manufacturing Co., Ltd.
(1)
Trade name
Tohoku Murata Manufacturing Co., Ltd.
(2)
Location of head office
1-1 Shimosugishita, Takakura, Hiwada-machi, Koriyama-shi, Fukushima, Japan
(3)
Title and name of Representative
Norio Nakajima
President and Representative Director
(4)
Business
Manufacture and sale of consumer and industrial cell batteries, etc.
(5)
Stated capital
¥ 100,000,000
(6)
Date of establishment
December 9, 2016
(7)
Major shareholders and shareholding ratio
Murata Manufacturing Co., Ltd. 100%
Sony Electronics (Wuxi) Co., Ltd.
(1)
Trade name
Sony Electronics (Wuxi) Co., Ltd.
(2)
Location of head office
No.27,Changjiang Road,New District,Wuxi,Jiangsu Province, China
(3)
Title and name of Representative
Shinji Nomura Chairman and President
(4)
Business
Development, manufacture and sales of battery related products, etc.
(5)
Stated capital
316,220,000 US$
(6)
Date of establishment
August 22, 2000
(7)
Major shareholders and shareholding ratio
Tohoku Murata Manufacturing Co., Ltd. 100%
Murata Energy Device Singapore Pre. Ltd.
(1)
Trade name
Murata Energy Device Singapore Pre. Ltd.
(2)
Location of head office
1 Tuas Road, Singapore 638481
(3)
Title and name of Representative
Masao Saitama Managing Director
(4)
Business
Manufacture and sales of battery related products, etc.
(5)
Stated capital
162,000,000 US$
1SG$
The total of each currency amount of money mentioned above is the stated capital.
(6)
Date of establishment
January 4, 2017
(7)
Major shareholders and shareholding ratio
Tohoku Murata Manufacturing Co., Ltd. 100%
Murata Manufacturing Co. Ltd. published this content on 01 September 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 September 2017 06:47:05 UTC.
Original documenthttp://www.murata.com/~/media/webrenewal/about/newsroom/news/irnews/irnews/2017/0901/20170901_e.ashx?la=en-us
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Murata Manufacturing Co., Ltd. is one of the world leaders in design, production and marketing of innovative electronic components for the telecommunications and automobile sectors, etc. Net sales break down by family of products as follows:
- electronic components (74.4%): capacitors, piezoelectric components, etc.;
- modules (22.4%);
- other (3.2%).
Sales break down geographically as follows: Japan (9.2%), China (54.8%), Asia (15.6%), America (11.4%) and Europe (9%).