IR News

Notice of NuFlare Technology Inc's share acquisition

This is to give notice that Toshiba Corporation (hereafter Toshiba) has decided to acquire a part of the outstanding common stock of NuFlare Technology, Inc. (hereafter NFT, headquarters located in Yokohama, Japan, Representative: Fumiaki Shigemitsu, JASDAQ Code 6256). The share acquisition is expected to be completed by December 2012, subject to approval by the appropriate authorities.

NFT manufactures and sells advanced semiconductor manufacturing equipment and has a close relationship with Toshiba in development of related technologies. Toshiba decided to acquire additional shares in consideration of the need to extend its support to NFT in technological and management operations, so that NFT will continue its supply of technologically advanced equipment to the market.

After the completion of the share acquisition, NFT will become a consolidated subsidiary of Toshiba, but the company will maintain its listing on JASDAQ from the viewpoint of business independence.

Impacts from this transaction on Toshiba's consolidated business results for the fiscal year 2012 ending March 31, 2013 have not been determined at this point and will be announced in due course, if and as necessary.

NFT's company profile

1. Company name: NuFlare Technology, Inc.

2. Main Business: Development, manufacture and sales of semiconductor manufacturing equipment

3. Establishment: October 1, 1997

4. Headquarters location: 2068-3 Ooka, Numazu City, Shizuoka Prefecture

5. Representative: Fumiaki Shigemitsu, Chairman of the Board of Directors and President

6. Capital: 6,486 million Japanese yen

7. Number of employees: 418(as of March 31, 2012)

8. Number of total outstanding shares: 120,000(as of March 31, 2012)

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