Topics for 2000 at a glance
This year's topics >2010 >2009 >2008 >2007 >2006 >2005 >2004 >2003 >2002 >2001 >2000
November 24, 2000
March 2001 term interim account settlement
Please refer to the following statement of accounts (consolidated), as well as the summary of individual financial statements
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March 2001 term interim statement of accounts (consolidated) |
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March 2001 term individual interim financial statement summaries |
October 31, 2000
Acquisition of Chinese printed wiring board factory
Our company agreed to acquire the management rights of Satosen Circuit (Dongguan) Co., Ltd., located in Dongguan, Guangdong Province, from Satosen Co., Ltd. (Hideshi Kurokawa, representative director and president) on October 30, 2000.
| The outline of Satosen Circuit (Dongguan) Co., Ltd. is as follows. | ||
| 1. | Location | Hua Yuan Industrial Zone, Xiegang Town, HUA YUAN INDUSTRIAL ZONE, XIEGANG TOWN, DONGGUAN CITY, GUANGDONG, P.R.CHINA |
| 2. | Corporate configuration | Independently funded company based on the Peoplefs Republic of China Foreign Investment Law (100% foreign invested company) |
| 3. | Established | November 16, 1998 |
| 4. | Capital stock | 2.1 million US $ |
| 5. | Investor configuration | Current situation: Satosen 100% (equity shares already assigned by joint venture) |
| After acquisition: CMK 80% Satosen 20% | ||
| 6. | Manufactured items | Design and production of double-sided and penetrating multi-layered boards |
| 7. | Markets | Business equipment, information terminal-oriented circuit boards |
That is all
| Satosen Co., Ltd. outline | |
| Company name | Satosen Co., Ltd. |
| Headquarters | 2-20-65 Tamade Nishi, Nishinari-ku, Osaka 557-0045 TEL 06-6656-0310 |
| Representative | Representative director and president Hideshi Kurokawa |
| Business line | Production of printed wiring boards, metal surface treatment and processing |
| Established | 1950 |
| Capital stock | 181.02 million yen (undisclosed) |
| Place of business | Headquarters, Nanko Factory, Tsumori Factory, Tokyo branch office |
| Annual business | 4.544 billion yen |
| Employees | 220 |
September 29, 2000
The 2000 environmental report has been updated
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To the environmental protection menu page |
July 7, 2000
General agreement of technical cooperation entered with SIMM TECH CO., LTD.
CMK Corporation and the Korean company SIMM TECH CO., LTD. have decided
on extensive technical cooperation for their individual future development,
and entered a general agreement of technical cooperation on July 7, 2000.
It has been determined that by each mutually providing things such as technical
information mainly on printed wiring boards for information and telecommunication
devices by CMK Corporation, and mainly on module boards and substrates
surrounding semiconductors by SIMM TECH CO., LTD., a dramatic improvement
in technical levels and new product development will be possible, leading
to the creation of this contract.
<SIMM TECH CO., LTD. outline>
| 1. | Established: | 1987 (70-5, Songjung-Dong, Heungduk-Ku, Chungju-Si, Chung-Buk, Korea) | ||
| 2. | Headquarters: | 70-5, Songjung-Dong, Heungduk-Ku, Chungju-Si, Chung-Buk, Korea | ||
| 3. | President: | Se Ho Chun | ||
| 4. | Capital stock: | 13.6 billion won | ||
| 5. | Shareholders: | Se Ho Chun 32.6% AIG 16.3% Hangang Restructuring Fund 15.8% |
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| 6. | Sales proceeds: | 65 billion won December 1999 DRAM Module: 92% Package Substrate: 8% |
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| 7. | Business profit: | 9.8 billion won December 1999 | ||
| 8. | Export rate: | 98% | ||
| 9. | Major clients: | Micron, Samsung, Hyundai, Conexant | ||
| 10. | Employees: | 600 (May 2000) | ||
| 11. | Company characteristics: | |||
| (1) | A manufacturer that provides printed wiring board solutions for the semiconductor industry. | |||
| (2) | A leading global company that holds 10% of the world's DRAM Module market. | |||
| (3) | The only company that has received quality endorsement from major global DRAM manufacturers. | |||
| (4) | Has shown high-speed growth at an average of 37% over the past three years, and is aiming for 110 billion won in sales in 2000. | |||
| (5) | The first in the world to mass-produce and export MCM 40/40µm products to the US. | |||
| (6) | 5·5 strategy | SIMM TECH is aiming for the activation of research and development. This involves promoting a 5·5 strategy in which over 5% of sales proceeds are invested to research and development, and over 5% of employees are engaged in research and development. |
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June 29, 2000
Stock option adopted through buyback.
In accordance to business law article 210-2, our company resolved to adopt
a stock option system through buyback at the 40th annual shareholders meeting
held on June 29, 2000.
| 1. | The purpose for adoption To aim for the invigoration of company officers and management-level employees, and further strengthen motivation and morale to improve business. | |||
| 2. | Buyback content | |||
| (1) The class of acquired stock: our company's par value common stock | ||||
| (2) Total number of acquired shares: There shall be an upper limit of 690 thousand shares | ||||
| (3) Total value of acquired stock amount: There shall be an upper limit of 1.5 billion yen | ||||
| 3. | The content of the transfer to directors and employees | |||
| (1) Transfer subjects and number of shares There shall be an upper limit of a total of 155 thousand shares to 12 directors, and a total of 535 thousand shares to 206 employees above assistant manager. The subjects of transfer, as well as the breakdown of the upper limit of share numbers are as per enclosure. | ||||
| (2) Share transfer amount Whichever is higher, the resulting amount when the average of the final price from the regular transaction of our company's shares from the Tokyo Stock Exchange on each day of the month (excluding days on which transactions were not completed) preceding the month in which the right was granted is multiplied by 1.05, the resulting amount when the average of the final price from the regular transaction of our company's shares from the Tokyo Stock Exchange on the day the right was granted is multiplied by 1.05, or the weighted average of the share purchase value acquired with the purpose of this transfer multiplied by 1.05, and fractions under one yen will be rounded up. | ||||
| (3) Time period for the exercise of rights: July 1, 2002 to June 30, 2005 | ||||
| (4) Conditions to exercise the rights | ||||
| i. | In the event of the death of a rightful claimant, the rights of said rightful claimant shall be extinguished | |||
| ii. | Neither the transfer nor the pledging of rights shall be accepted | |||
| iii. | The rightful claimant must be employed by this company or an affiliated company at the time of exercising the rights. However, the exercise of rights is accepted for directors who have left office due to expiration of term and retired employees. | |||
| iv. | All other conditions to exercise the rights shall be as specified in the “Agreement to Grant the Claim Right for Transfer of Stocks” entered between this company and the subjected directors and employees, in accordance with resolutions passed at the general meeting and the board of directors meeting. | |||
| (5) The subjects of transfer All directors, as well as all employees from trustees to assistant councilors who are employed at the close of the 40th annual meeting of stockholders for this company (total 218 employees). | ||||