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January 5, 2015
NGK INSULATORS, LTD.

Notice Regarding the Renaming of a Consolidated Subsidiary

NGK INSULATORS, LTD. (President Taku Oshima; Headquarters: Nagoya, Japan; NGK) announced today that it has changed the company name of NIPPON STEEL & SUMIKIN Electronics Devices Inc. to NGK Electronics Devices, Inc. having converted it to a consolidated subsidiary. As announced previously on September 3, 2014, NGK acquired all of the issued shares of this wholly owned subsidiary of Nippon Steel & Sumitomo Metal Corporation that manufactures and sells ceramics for industrial electronics, such as ceramic packages, from Nippon Steel & Sumitomo Metal Corporation.

The subsidiary was renamed with the NGK name upon consolidation to clarify that it has become a member of the NGK Group. The renaming was also meant as an impetus for NGK and the subsidiary to harness synergies between their respective technologies, and strive together for further growth in the electronics business.

1. Overview of the Consolidated Subsidiary

  Before the Change After the Change
Company Name NIPPON STEEL & SUMIKIN Electronics Devices Inc. NGK Electronics Devices, Inc.
Location 2701-1, Higashi-bun, Omine-cho, Mine, Yamaguchi Pref., Japan Same
Name and Titles of Representatives
  • Hidemasa Nakajima, Representative Director and President
  • Masato Kunimoto, Representative Director and Executive Vice President
  • Ryohei Iwasaki, Chairman and Representative Director (New appointment), Concurrently, Director, Senior Vice President and Group Executive of the Electronics Business Group, NGK INSULATORS, LTD.
  • Hidemasa Nakajima, Representative Director and President
  • Masato Kunimoto, Representative Director and Executive Vice President
  • Tomohiro Yamada, Representative Director and Executive Vice President (New appointment), Concurrently, Assistant to the Group Executive of the Electronics Business Group, NGK INSULATORS, LTD.
Business Manufacture and sale of ceramic packages for semiconductors and ceramic electronic components Same
Capital 3.45 billion yen Same
Establishment March 1991 Same
Main Shareholder and Shareholding Ratio Nippon Steel & Sumitomo Metal Corporation 100% NGK INSULATORS, LTD. 100%
Employees Unconsolidated 500, Consolidated 2,314 (As of March 31, 2014) Same
Main Business Locations Head Office/Plant (Mine, Yamaguchi Pref.); Tokyo Sales Head Office (Chiyoda-ku, Tokyo); Amagasaki Office (Amagasaki, Hyogo Pref.); Penang, Malaysia; Suzhou, China Same
Consolidated Net Sales 24.5 billion yen (As of the year ended March 31, 2014) Same

2. Date of Change

January 5, 2015


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