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Notice of Acquisition of Treasury Stock
-Acquisition of treasury stock pursuant to Article 163 of the Company Law-
(February 26, 2007) |
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At the Meeting of the Board of Directors convened on February 26, 2007, the Board resolved to acquire treasury stock held by subsidiaries pursuant to Article 156 of the Company Law, for which a different manner of application is provided for as stipulated by Article 163 of the Company Law.
| 1. |
Names of subsidiaries |
Aisin Development Co., Ltd., Aisin Chemical Co., Ltd., |
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Aisin Takaoka Co., Ltd., Aisin Kiko Co., Ltd., |
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Aisin Sin'ei Co., Ltd., Aisin Living Planner Co., Ltd., |
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and Aisin Sinwa Co., Ltd. |
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| 2. |
Details of acquisition |
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(1) Type of stock to be acquired: |
Common stock |
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(2) Number of shares to be acquired:
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9,350,100 shares
(3.17% of total number of shares issued) |
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Aisin Development Co., Ltd. 6,499,200 shares |
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Aisin Chemical Co., Ltd. 2,083,000 shares |
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Aisin Takaoka Co., Ltd. 263,100 shares |
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Aisin Kiko Co., Ltd. 242,000 shares |
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Aisin Sin'ei Co., Ltd. 126,000 shares |
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Aisin Living Planner Co., Ltd. 106,500 shares |
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Aisin Sinwa Co., Ltd. 30,300 shares |
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(3) Total acquisition cost: |
Approx. ¥40.2 billion |
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(4) Date of acquisition: |
March 5, 2007 |
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(5) Way of acquisition: |
Principal-to-principal transaction |
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| 3. |
Reason for acquisition |
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To acquire Aisin stock held by companies that have become subsidiaries, namely Aisin Development Co., Ltd., Aisin Chemical Co., Ltd., Aisin Takaoka Co., Ltd., Aisin Kiko Co., Ltd., Aisin Sin'ei Co., Ltd., Aisin Living Planner Co., Ltd., and Aisin Sinwa Co., Ltd., with the implementation of the Company Law on May 1, 2006. |
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(Reference) |
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Status of treasury stock held as of January 31, 2007 |
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Total number of shares issued (excluding treasury stock) : 294,330,614 shares |
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Number of treasury shares : 344,020 shares |
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