Yamaha Corporation announces that its Board of Directors decided today to dissolve Yamaha Electronics (U.K.) Ltd. (hereinafter YEUK; Representative: Andrew Kemble; Location: Watford, U.K.), a dormant sales company for audio visual (AV) equipment.
YEUK was established as a wholly owned subsidiary of Yamaha Corporation to market AV equipment in the United Kingdom in 1986. This past June, Yamaha integrated all its musical instruments and AV equipment sales in Europe. As part of this integration, the operations of YEUK were transferred to Yamaha Music UK Ltd. (YMUK), a sales company for musical instruments and AV equipment, and YEUK became a dormant company. As a result of today’s decision by the Yamaha Board of Directors, procedures for dissolution of YEUK will begin.
Please note that expenses associated with the dissolution will be minor and that the dissolution will not have a material impact on Yamaha’s consolidated financial results.
1.Outline of Company to Be Dissolved
|Company name||Yamaha Electronics (U.K.) Ltd. (YEUK)|
|Paid-in capital||£1 million (100% invested by Yamaha Corporation)|
|Lines of business||Importing and selling of AV equipment|
|Date of establishment||January 1, 1986|
2.Schedule for the Dissolution
|Date of suspension of operations||Has been dormant since June 2008|
|Date for completion of dissolution||Scheduled for 2010|
For further information, please contact
Corporate Communications Division, Public Relations Group
- TEL. +81-3-5488-6601
- FAX. +81-3-5488-5060
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