USHIO to Form Capital and Business Alliance with ADTEC Engineering Co., Ltd.
Ushio Inc. today announced that USHIO has agreed with ADTEC Engineering Co., Ltd. to form a capital and business alliance.
Purpose of Alliance
Of exposure systems that are used for the manufacture of printed circuit boards for electronic components, USHIO has an advantage in projection exposure systems*1, while ADTEC Engineering’s strengths exist in contact exposure systems*2. Both companies aim to strengthen competitiveness in the market for exposure systems for printed circuit boards by leveraging their unique technologies and operation basis.
Details of Capital Alliance (New share issue with private placement)
It has been decided that ADTEC Engineering will issue new shares through a private placement and that USHIO will acquire the shares.
(1) Number of shares to be issued: Common stock 1,580,000 shares
With this private placement added to the common stock of 303,900 shares of ADTEC Engineering that USHIO already holds, USHIO will hold 1,883,900 shares (23.46%) of ADTEC Engineering.
(2) Share price： 282 yen per share
(3) Total investment: 445,560,000 yen
(4) Payment date: June 28, 2010
Details of the Business Alliance
The two companies aim to create synergies in the development of new products and reduce costs through joint procurement to further expand their operations.
Profile of Alliance Partner
(as of March 31, 2010)
| Name | ADTEC Engineering Co.,Ltd. |
|---|---|
| Address | 3-5-1 Toranomon, Minato-ku, Tokyo |
| Name and title of representative | Toshio Mukai, Representative Director and President |
| Business details | Manufacture and sale of manufacturing equipment of printed circuit boards etc. and inspection equipment |
| Capital | 1,438 million yen |
| Date of establishment | October 26, 1983 |
| Major shareholders and shareholding | K.K. Mizutani 17.05% Gunji Mizutani 9.13% Mai Mizutani 5.62% Yumiko Mizutani 5.62% Ushio Inc. 4.71% Employee Shareholding Association of ADTEC Engineering 3.63% Chiyoko Mizutani 3.53% |
| Listed | JASDAQ |
| Fiscal year end | September |
Outlook
As the influence of this capital and business alliance on USHIO’s earnings results for this term is insignificant, no revision is made to the consolidated earnings forecast in the Brief Announcement of Financial Results for the fiscal year ended March 31, 2010, published on May 10, 2010.
ADTEC Engineering’s High-Precision Automatic ADTEC Engineering’s Nagaoka Plant
Exposure Equipment with Partial Exposure
Capability "ADEX5100 series"
*1 Projection exposure systems
Exposure is made by projecting a figure at the mask onto the work using an optical system such as lenses. This exposure system is used for noncontact projection exposure.
*2 Contact exposure systems
Exposure is made by bringing the mask and the work into contact. This exposure system is used for contact exposure.