OMRON Announces Plan to Spin Off Automotive Electronic Components Business

3) Share allocation

Upon the corporate split, the new company will issue shares of common stock and allocate all of those shares to OMRON, making it a wholly owned subsidiary of OMRON.

4) Other

OMRON plans to announce information regarding the treatment of new stock acquisition rights and corporate bonds issued as a result of the corporate split, the increase or decrease of capital as a result of the split, rights and obligations to be assumed by the new company, and outlook for the fulfillment of obligations after plans for the split are approved at the board of directors meeting scheduled for the second half of January 2010.

3. Overview of Companies Involved in the Spin Off

                 
        Transferring company

As of March 31, 2009

      New company

April 1, 2010 (planned)

1) Name       OMRON Corporation       Undecided
2) Business      

Manufacture and sales of

electronic devices

     

Manufacture and sales of

automotive electronic

components

3) Established       May 10, 1933       April 1, 2010 (planned)
4) Head office       Kyoto city, Kyoto prefecture       Undecided
5) Representative       Hisao Sakuta,

President & CEO

      Undecided
6) Capital       JPY 64,100 million       Undecided
7) Shares outstanding       239,121,372 shares       Undecided
8) Net assets      

JPY 298,411 million

(consolidated)

      Undecided
9) Total assets      

JPY 538,280 million

(consolidated)

      Undecided
10) Fiscal year end       March 31       March 31

11) Principal shareholders

and their holdings (%)

     

State Street Bank and Trust

Company 505223 5.89%

Japan Trustee Services Bank,

Ltd. (Trust Account 4G) 4.53%

      OMRON Corporation 100%
           




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