Mar 31, 2017

Announcement on Merger of Consolidated Subsidiaries

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 CompanyAbsorbed Company
(1) Company NameTokyo Electron Yamanashi Ltd.Tokyo Electron Tohoku Ltd.
(2) Address2381-1 Kitagejo, Fujii-cho, Nirasaki City, Yamanashi52 Matsunagane, Iwayado, Esashi-ku, Oshu City, Iwate
(3) Representative DirectorYoshifumi Tahara, President & Representative DirectorTadao Sasaki, President & Representative Director
(4) Business ActivitiesDevelopment and manufacturing of Semiconductor Production Equipment and FPD Production EquipmentDevelopment and manufacturing of Semiconductor Production Equipment
(5) Capital Stock4,000 million yen1,000 million yen
(6) Start of BusinessJuly 1, 1983April 3, 2006
(7) Number of Issued Stock84,00020,000
(8) End of Fiscal YearMarch 31March 31
(9) Major Shareholders and Shareholding RatioTokyo Electron Ltd. 100%Tokyo Electron Ltd. 100%
(10) Total assets
(as of March 31, 2016)
71,340 million yen45,447 million yen
(11) Headcounts
(as of March 31, 2016)
1,096 people859 people

4. Status of Surviving Company following the Merger
(1) Company NameTokyo Electron Technology Solutions Ltd.
(2) Address2381-1 Kitagejo, Fujii-cho, Nirasaki City, Yamanashi
(3) Representative DirectorSadao Sasaki, President & Representative Director
(4) Business ActivitiesDevelopment and manufacturing of Semiconductor Production Equipment and FPD Production Equipment
(5) Capital Stock4,000 million yen
(6) End of Fiscal YearMarch 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.