The MISUMI Group has decided to transfer shares in its consolidated subsidiary PROMICLOS Corporation to Nifty Corporation.
1. Reason for the transfer of shares
We spun off our medical business (part of our Diversified Businesses segment) into PROMICLOS Corporation effective April 1, 2006. To realize the potential of the business, which is a different field than the MISUMI Group's core mehanical industrial business, we have managed PROMICLOS as an independent entity.
Nifty, which has established a reputation for its endeavors in Internet business targeting consumers, expressed interest in acquiring shares in PROMICLOS. After carefully considering the importance of focusing resources within the management strategy of the MISUMI Group and the future growth potential of PROMICLOS, we have decided to accept Nifty's offer to acquire shares in PROMICLOS.
2. An overview of PROMICLOS Corporation (the company subject to the share transfer)
(1) Trade name: PROMICLOS Corporation
(2) Address: 2-8-3, Kiba, Koto-ku, Tokyo, Japan
(3) Representative: Masayuki Takaya
(4) Date established: Spun off from MISUMI in April 2006. Began business within MISUMI Corporation in 1994.
(5) Business: Catalog and Internet sales of medical materials for veterinary hospitals
(6) Capital:
Product Model | Inside Diameter | Outside Diameter | Thickness |
32244 NACHI | 220 | 400 | 108 |
30244 NACHI | 220 | 400 | 65 |