Yanmar Agricultural Equipment Co., Ltd., a wholly owned subsidiary, has been merged into the parent company, Yanmar Co., Ltd.
1.Purpose of merger
A constant theme in the annual business management policy of recent years, there is an effort to leverage total Yanmar group resources to reinvigorate the agricultural equipment business. Business restructuring such as the integration of Japanese domestic agricultural machinery sales companies, indirect departments and the like have been applied.
In continuation of these efforts, Yanmar Agricultural Equipment Co., Ltd. will be absorbed into Yanmar Co., Ltd. in order to create a more efficient system structure that will allow improved business profitability and enhanced brand recognition in the worldwide markets of agricultural machinery.
2.Outline of merger
| （１） | Schedule of merger |
| Conclusion of merger contract: January 13, 2009 | |
| Commencement of merger: February 21, 2009 |
| （２） | Type of merger |
| Yanmar Agricultural Equipment Co., Ltd. will be dissolved and merged into | |
| Yanmar Co., Ltd. |
3.Profile of Yanmar Agricultural Equipment Co., Ltd.
| Trade Name | Yanmar Agricultural Equipment Co., Ltd. |
| Activity | Development and sales of agricultural machinery |
| Founded | July, 1961 |
| Head Office | 1-32 Chayamachi, Kita-ku, Osaka, Japan |
| President | Shuji Abe |
| Capital | 2 billion yen |
| Turnover | 138.6 billion yen (March 2008) |
| Employees | 914 (March 2008) |
| Ownership | Wholly owned by Yanmar Co., Ltd. |