6/27/2005 - OMRON Corporation (TSE: 6645)(ADR: OMRNY), a global leader in automation, sensing and control technology has decided to dissolve its overseas affiliated company OMRON TECHNICAL SERVICE MALAYSIA SDN. BHD.
Reason for dissolution
OMRON Technical Service Malaysia was established when Omron Corporation terminated its overseas POS business, in order to fulfill obligations to supply POS (Point of Sales) terminal maintenance parts etc. to Asian customers. As this aim has now been achieved, we have decided to dissolve the company.
(1)Trading Name: OMRON TECHNICAL SERVCE MALAYSIA SDN. BHD
(2)Location: Petaling Jaya, Malaysia
(3)Representative: Mr. Hiroshi Tomie
(4)Date of Establishment: July 23, 2002
(5)Capital: 3 million Ringgit ( approx. 98.7 million Yen)
(6)Shareholders: 100% owned by Omron Corporation
(7)Description of Business: Maintenance and supply of parts for Omron's retail system products (POS, ECR)
Date of dissolution
June 2005 (scheduled): Resolution to dissolve at said company
December 2006 (scheduled): Completion of liquidation
The effect to our financial results for the fiscal year ending March 2006 will be minimal.
Headquartered in Kyoto, Japan, OMRON Corporation (TSE: 6645)(ADR: OMRNY) is a global leader in the field of automation. Established in 1933 and headed by President Hisao Sakuta, Omron has more than 25,000 employees in over 35 countries working to provide products and services to customers in a variety of fields including industrial automation, electronic components industries, and healthcare. The company is divided into five regions and head offices are in Japan (Kyoto), Asia Pacific (Singapore), China (Hong Kong), Europe (Amsterdam) and US (Chicago). The European organisation has its own development and manufacturing facilities, and provides local customer support in all European countries. For more information, visit Omron's Web site at www.omron.com.
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