2008.05.27
We hereby announce that it has been decided at the board meeting today that our consolidated subsidiary of NDK EUROPE LTD. will dissolve its consolidated subsidiary of NDK FRANCE SARL.
1. Profile of the subsidiary
| Business name | : | NDK FRANCE SARL |
| Location | : | Immeuble le Triptyque, 12 avenue Marie Ampere, 77420 Champs Sur Marne, France |
| Representative | : | Cyril Combeau |
| Business | : | Sales of crystal units and others |
| Date of establishment | : | January 1995 |
| Capital | : | EUR 45,000 |
| Accounting term | : | March |
| Main shareholders | : | NDK EUROPE LTD. (Shareholding ratio : 99.96%) NIHON DEMPA KOGYO CO., LTD. (Shareholding ratio : 0.04%) |
2. Reason for dissolution
We reviewed business operations in France and decided to transform NDK FRANCE SARL to NDK EUROPE LTD. FRENCH OFFICE.
3. Date of dissolution
August 2008 (This is subject to change.)
4. Future outlook
The impact of the dissolution of the subsidiary on the consolidated financial settlement for the year ended March 2009 will be negligible.
