Kyocera 6-K 2016
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934
For the month of November 2016
Commission File November: 1-07952
6 Takeda Tobadono-cho, Fushimi-ku,
Kyoto 612-8501, Japan
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Registration S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Registration S-T Rule 101(b)(7): ☐
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
Date: November 28, 2016
Information furnished on this form:
November 28, 2016
To All Persons Concerned,
Notice Relating to Mergers within Electronic Devices Business of Kyocera Group
Kyocera Corporation (the Company), at a meeting of its Board of Directors held on November 28, 2016, resolved that the Company will undertake mergers effective as of April 1, 2017 with Kyocera Crystal Device Corporation (Kyocera Crystal Device) and Kyocera Connector Products Corporation (Kyocera Connector Products), both of which are wholly-owned consolidated subsidiaries of the Company.
Each of the above mergers will constitute a simplified merger and, accordingly, certain parts of the disclosure are omitted.
Currently within the Kyocera group, the Company is engaged in development, manufacture and sale of capacitors and power semiconductor components, etc. while Kyocera Crystal Device and Kyocera Connector Products are engaged in development, manufacture and sale of crystal components and connectors, respectively. The Company, Kyocera Crystal Device and Kyocera Connector Products are making efforts to expand their electronic device related businesses. In order to achieve further expansion, we believe it is necessary to consolidate the extensive management resources of the three companies and to establish stronger business structure. Accordingly, we will proceed with the contemplated mergers with the goal of strengthening our overall management basis. By doing so, we aim to enhance new product development capability and improve productivity through the sharing of manufacturing technologies going forward. We will also strive to expand sales by the consolidation of marketing divisions taking advantage of the broadened product line-up.
In the mergers, the Company will be the surviving company, and Kyocera Crystal Device and Kyocera Connector Products will be the dissolving companies.
Each of the mergers is between a parent company and a wholly-owned subsidiary, and accordingly there will be no distribution of cash, etc. in such mergers.
There will be no change in the trade name, business, location of headquarters, representative directors, capital amount or fiscal year end of the Company as a result of the mergers.
Because the mergers will be between the Company and wholly-owned subsidiaries thereof, and the effective date of the mergers is scheduled to be April 1, 2017, the mergers will have no impact on the financial forecast of the Company for the fiscal year ending March 31, 2017.
(1) Performances of Kyocera Crystal Device for the most recent three fiscal years ended March 31
(2) Performances of Kyocera Connector Products for the most recent three fiscal years ended March 31
(3) Relationship between Kyocera Crystal Device and the Company
(4) Relationship between Kyocera Connector Products and the Company