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Dissolution and Liquidation of Subsidiary
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Dissolution and Liquidation of Subsidiary
http://www.global.tdk.com/news_center/pressTDK Press Release
February 22, 2006
TDK Corporation announced today that the Board of Directors resolved on February 22, 2006 to dissolve and liquidate TDK Seiwa Corporation, a subsidiary of TDK, scheduled on September 30, 2006.
Particulars
- Outline of TDK Seiwa
(1) Name: TDK Seiwa Corporation
(2) Headquarters: Nihonbashi 1-13-1, Chuo-ku, Tokyo 103-8272, Japan
(3) President: Masao Ishihara
(4) Capital: JPN¥100,000,000 ( TDK Corp. 99.7%, TDK Kyosaikai 0.3%)
(5) Business activities: Support health and welfare of the employees
(6) Number of employees: 2* Data is current as of end of January 2006. - Reason for the Dissolution and Liquidation
TDK Seiwa's business field is limited and the business proved ineffective. - Impact on TDK
Any impact arising from the dissolution and liquidation of TDK Seiwa Corporation that might affect the consolidated and non-consolidated business results of TDK is negligible.
For further information, contact the Corporate Communications Dept.
Tel.: 81-3-6778-1055
E-mail: TDK.PR@tdk.com