We, Nidec Copal Electronics Corporation announced today that it passed a resolution in the meeting of the board of directors (Japan Headquarters) held on March 15, 2023 (Japan time) on the purchase of all the shares of Midori Precisions Co., Ltd., a company that develops, manufacturers and sells potentiometers and other electronic components, and executed a transfer agreement on the stock acquisition, etc. on March 15, 2023 (Japan time).
- Outline of the company to be acquired
(1) Company Name Midori Precisions Co., Ltd. (2) Headquarters The city of Hamura, Tokyo, Japan (3) Foundation July 1952 (4) Director Hitoshi Ohira, Representative Director and President
(who will be dispatched from Nidec Copal Electronics.)(5) Business bases Tokyo (Headquarters and Factory), and Osaka (Sales) (6) Principal businesses Development, manufacturing and sale of potentiometers and encoders (7) Number of employees Approx. 130 (as of March 2023) (8) Sales 2.788 billion yen (Fiscal year ended March 31, 2022) (9) Operating profit 495 million yen (Fiscal year ended March 31, 2022) - *Please also click here to refer to this news release posted on our official website.
