Execution of Asset Purchase Agreement
|
|
|
|
(This document was translated from the Japanese press release.)
June 30, 2005
This is to advise you that Kyocera Corporation (President: Makoto Kawamura) has reached agreement with IBM Japan, Ltd. to purchase the land, building and other assets of the Yasu Office (Yasu-City, Shiga Prefecture) owned by IBM Japan, Ltd., and that they executed an asset purchase agreement for this purpose on June 29, 2005.
1. Reason for Acquisition
The headquarters of Kyocera SLC Technologies Corporation (engaged in design, development, manufacture and marketing of organic material components) and Kyocera Display Institute Co., Ltd. (engaged in development of organic EL displays), both subsidiaries of Kyocera Corporation, are located on the site of the Yasu Office of IBM Japan, Ltd., where they have been engaged in their respective operations. For the purpose of the business development of Kyocera Group, including these two subsidiaries, Kyocera Corporation has been considering enhancement of its business locations. IBM Japan, Ltd. then proposed the transfer of its assets at Yasu Office to Kyocera Corporation. The Yasu Office is conveniently located for access from the Keihanshin area. The site also offers unusually generous size in light of its favorable geographical situation near the Keihanshin area. Kyocera Corporation accordingly determined to acquire it in the expectation that it will provide meaningful enhancement of the future business of Kyocera Group.
2. Substance of Assets to be Acquired
|
(1) |
Location: |
Ichimiyake Oaza, Yasu-City, shiga Prefecture |
(2) |
Assets to be Acquired: |
Land (195,464 square meters), building, related facilities and |
| |
|
other assets held by IBM Japan, Ltd. |
3. Schedule
| June 29, 2005 |
: |
Execution of Asset Purchase Agreement. |
| August 4, 2005 (scheduled) |
: |
Closing (payment of consideration, etc.) |
| August 11, 2005 (scheduled) |
: |
Completion of registration of transfer of title in real estate registry. |
|
|
| Inquiries |
 |
From the Press |
| |
KYOCERA Corporation
Corporate Communications
Head Office
Tel: 075-604-3416 (Direct)
Tokyo
Tel: 03-3274-1577(Direct) |
| |
|
|
Top of page