Koito Manufacturing : Announcement Regarding Relocation of the Head Office
April 27, 2022 at 03:35 am EDT
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April 27, 2022
PRESS RELEASE
KOITO MANUFACTURING CO., LTD.
Representative Director: Michiaki Kato, President
(Stock Code: 7276 Prime Market, TSE)
Inquiries: Atsushi Inoue, Director and Managing Corporate Officer
General Affairs Dept.
(Tel: +81-3-3443-7111)
Announcement Regarding Relocation of the Head Office
KOITO MANUFACTURING CO., LTD. ("KOITO") announces that it resolved the temporary relocation of the head office in the Board of Directors meeting held on April 27, 2022 on the condition that a partial change of the Articles of Incorporation be approved in the 122nd Ordinary General Meeting of Shareholders to be held on June 29, 2022. Detailed information is as follows.
1. Reasons for the Relocation
To respond to aging of the head office and its rebuilding, and to enhance and promote cooperation between related divisions further, in order to improve the working efficiency and working environment.
The date of relocation will be determined in the Board of Directors meeting to be held by March 31, 2023.
4. The effect in Earnings
The costs for relocating the headquarters have been included in the business forecast (consolidated, non-consolidated) for the fiscal year ending March 2023 announced today.
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Koito Manufacturing Co. Ltd. published this content on 27 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2022 07:34:02 UTC.
KOITO MANUFACTURING CO., LTD. is mainly engaged in the manufacture and sale of automotive lighting equipment, aircraft parts, railway vehicles parts, electrical equipment and measuring equipment. The Company mainly operates in six segments, including Japan, China, Asia, North America, Europe and Others. The Companyâs major products include light-emitting diode (LED) head lamps, discharge head lamps, headlights, sign lamps, high mount stop lamps, halogen bulbs, miniature bulbs and other lamp fittings, control equipment for rail vehicles, roads traffic signals, traffic control systems, roads and tunnels illumination lamps, facilities illumination lamps, accommodation equipment, aircraft parts, electronic parts, head lamps cleaners, sheets for aircraft and rail vehicles, as well as environment control equipment. The Company is also engaged in the development and manufacture of forward monitoring operation support systems for advanced driver-assistance systems (ADAS) through subsidiary.