extraordinary loss

9 May 2008 08:12

Maruwa Co Ld09 May 2008 9 May 2008MARUWA CO., LTD. 3-83 Minamihonjigahara-cho, Owariasahi-city, Aichi-pref. 488-0044 JAPAN (Translation) Notice regarding an extraordinary loss MARUWA CO., LTD. today announced that an extraordinary loss was recorded in the full year 2008ended in March. Details are as follows; 1. Recording an extraordinary loss Maruwa Electronics (Philippines), Inc. (hereinafter "Maruwa Philippines"), our manufacturingsubsidiary to produce electronic components and to sell them to us, halted its operations asproducts manufactured at Maruwa Philippines were transferred to our manufacturing subsidiaries inMalaysia and India. We determined to dissolve Maruwa Philippines; as a result, we posted a losson dissolution of the subsidiary, 96 million yen (consolidated), 195 million yen(non-consolidated). 2. Influences to operating results The loss stated above is included in the final results for the full fiscal year 2008 ended inMarch, which was announced today. END This information is provided by RNS The company news service from the London Stock Exchange