We, Nidec Copal Electronics Corporation (“Company”) announced today that the Company has completed the acquisition of all shares of Midori Precisions on March 31, 2023 (Japan time) based on the Company's March 15, 2023 press release, “Executed a stock transfer agreement on the acquisition of Midori Precisions Co., Ltd.
- Outline of the new subsidiary
(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.
