Key Developments: Rohm Co Ltd (6963.T)

6963.T on Tokyo Stock Exchange

19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

ROHM CO LTD Announces Outcome of Early-retirement Program; Expects Extraordinary Loss for FY 2013
Thursday, 24 Jan 2013 07:40pm EST 

ROHM CO LTD announced that 219 of its employees have taken up the early retirement program which was disclosed on November 8, 2012. As a result, the Company is expecting an extraordinary loss of approximately JPY 2.1 billion for the fiscal year ending March 2013.  Full Article

NeoPhotonics Corp's NeoPhotonics Semiconductor GK Enters Into Definitive Agreement To Acquire Semiconductor Optical Components Business Unit Of ROHM Co. Ltd's LAPIS Semiconductor Co., Ltd
Tuesday, 22 Jan 2013 06:12am EST 

NeoPhotonics Corp announced it has entered into a definitive agreement to acquire the semiconductor optical components business unit (OCU) of LAPIS Semiconductor Co., Ltd. LAPIS Semiconductor is a wholly-owned subsidiary of ROHM Co. Ltd. OCU is to be acquired by NeoPhotonics Semiconductor GK, a Japanese subsidiary of NeoPhotonics. NeoPhotonics Semiconductor GK, an indirect wholly-owned subsidiary of NeoPhotonics Corporation, has agreed to pay approximately $36.8 million in cash, which is comprised of approximately $21.2 million in cash, before adjustments for the business unit and an additional $15.6 million over three years for the associated real estate. The acquisition agreements provide for the purchase of the LAPIS Semiconductor OCU business, together with a portfolio of more than 150 patents and patents applications, its campus and high speed semiconductor and laser and detector fabrication facility. Payments will be made in Japanese Yen. Following completion of the transaction, NeoPhotonics intends to combine and operate the business as NeoPhotonics Semiconductor GK in its current location near Tokyo, Japan. The board of directors of each company has approved the transaction. The parties expect the transaction to close in the second quarter or sooner.  Full Article

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