Business Services Industry
OMRON Announces Dissolution of Affiliated Company
Business Wire, May 8, 2008
KYOTO, Japan -- OMRON Corporation (TOKYO:6645)(ADR:OMRNY), a global leader in automation, sensing and control technology, and Omron Precision Technology Co., Ltd. ("OPT"), a wholly owned subsidiary of OMRON Corporation, decided today to dissolve Omron Precision Technology Hokuriku Co., Ltd. ("OPT Hokuriku"), a wholly owned subsidiary of OPT. The details of the dissolution are as follows.
1. Reason for Dissolution
As a wholly owned subsidiary of OPT, OPT Hokuriku has been engaged mainly in the mass-production prototyping and mass production of light guides and molded frames for backlights to be marketed in Japan. However, in response to changes in the business environment, such as the overseas relocation of OPT Hokuriku's customers, the decision was made to dissolve OPT Hokuriku.
[TABLE OMITTED]
3. Date of Dissolution
September 30, 2008 (scheduled): Resolution to dissolve at OPT Hokuriku Board of Directors Meeting
December 22, 2008 (scheduled): Completion of liquidation
4. Forecast
The effect on OMRON's consolidated and non-consolidated financial results for the fiscal year ending March 2009 will be minimal.
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics



