Announcement on Merger of Consolidated Subsidiaries

Mar 31, 2017

  Tokyo Electron Limited (TEL) announced that its Board of Directors had adopted a resolution to merge its two subsidiaries, Tokyo Electron Yamanashi Ltd. and Tokyo Electron Tohoku Ltd.

1. Objective of Merger
  Unification of development and technology and the implementation of a highly effective organizational structure.

2. Outline of Merger
(1) Merger schedule (tentative)
  April 6, 2017          Board of Directors Meetings of each of the companies involved in the merger to approve the merger agreement
  April 24, 2017       Shareholders' Meetings of each of the companies involved in the merger to approve the merger agreement
  July 1, 2017          Date of merger
(2) Merger method
  The Merger will be an absorption-type merger between Tokyo Electron Yamanashi Ltd. as the surviving company and Tokyo Electron Tohoku Ltd. as the absorbed company.
(3) Allotment of shares in connection with merger
  Since the Merger is a merger between two wholly-owned subsidiaries of TEL, No shares or monies will be allocated in relation to the Merger.

3. Overview of the Parties to the Merger
Surviving Company Absorbed Company
(1) Company Name Tokyo Electron Yamanashi Ltd. Tokyo Electron Tohoku Ltd.
(2) Address 2381-1 Kitagejo, Fujii-cho, Nirasaki City, Yamanashi 52 Matsunagane, Iwayado, Esashi-ku, Oshu City, Iwate
(3) Representative Director Yoshifumi Tahara, President & Representative Director Tadao Sasaki, President & Representative Director
(4) Business Activities Development and manufacturing of Semiconductor Production Equipment and FPD Production Equipment Development and manufacturing of Semiconductor Production Equipment
(5) Capital Stock 4,000 million yen 1,000 million yen
(6) Start of Business July 1, 1983 April 3, 2006
(7) Number of Issued Stock 84,000 20,000
(8) End of Fiscal Year March 31 March 31
(9) Major Shareholders and Shareholding Ratio Tokyo Electron Ltd. 100% Tokyo Electron Ltd. 100%
(10) Total assets
  (as of March 31, 2016)
71,340 million yen 45,447 million yen
(11) Headcounts
  (as of March 31, 2016)
1,096 people 859 people

4. Status of Surviving Company following the Merger
(1) Company Name Tokyo Electron Technology Solutions Ltd.
(2) Address 2381-1 Kitagejo, Fujii-cho, Nirasaki City, Yamanashi
(3) Representative Director Sadao Sasaki, President & Representative Director
(4) Business Activities Development and manufacturing of Semiconductor Production Equipment and FPD Production Equipment
(5) Capital Stock 4,000 million yen
(6) End of Fiscal Year March 31

5. Future Outlook
  Since the Merger is a merger between two wholly-owned subsidiaries of TEL, the effect on the consolidated business results of Tokyo Electron Ltd. will be negligible.

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