Minebea released Notice Regarding Recording of Extraordinary Income and Loss
Resource from: Minebea Co., Ltd. Likes:168
May 02,2013
Minebea Co., Ltd. announces that it has recorded the following extraordinary income and loss on a consolidated basis in the fiscal year ended March 31, 2013.
1. Background
Please be advised that on the consolidated financial statements for the fiscal year ended March 31, 2013, the insurance income for the losses on the large-scale flooding in Thailand have been recorded as the extraordinary income, and business restructuring losses associated with the consolidation, integration and abolishment of underperforming equipments centering on the rotary components business as well as impairment losses related to the fixed assets used for the spindle motors are also posted as the extraordinary losses.
2. Impact on the financial results
(on a consolidated basis)
Extraordinary income
(1) Insurance income 2,572 million yen
Extraordinary loss
(1) Business restructuring loss 2,626 million yen
(2) Loss on disaster 1,980 million yen
(3) Impairment loss 1,948 million yen
(4) Loss on abolishment of retirement
benefit plan 1,641 million yen
(5) Goodwill amortization 620 million yen
3. Outlook for the future
Aforementioned extraordinary losses will be recorded on the consolidated financial statements for the fiscal year ended March 31, 2013.
(Note) The business forecasts contained in this press release are made based on information available as of the date of the announcement.
Company Name: Minebea Co., Ltd.
Representative: Yoshihisa Kainuma
Representative Director,
President and Chief Executive Officer
(Code No. 6479, TSE Div. No.1)
Contact: Hiromi Yoda
Managing Executive Officer
Deputy Officer in charge of Administration,
Planning, Accounting Division
Tel: +81-(0)3-6758-6711
Information in the press releases is current on the date of the announcement.
Product information, contact and other context are subject to change without prior notice.
(Minebea Co., Ltd.)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
