November 6, 2013
Company Name: Roland Corporation
Representative: Junichi Miki, President and Representative Director
Code Number: 7944
Stock Exchange Listing: 1st Section of Tokyo
Contact: Naoyuki Tamura, Director, General Manager of Corporate Planning Department
Phone: 053-523-3652
Notice of Dissolution and Liquidation of an Overseas Subsidiary
and Posting of Extraordinary Loss
Roland Corporation (the “Company”) hereby announces that it resolved on November 6, 2013 at the Board of
Directors meeting to dissolve Roland Europe S.p.A., the overseas subsidiary of the Company.
The Company also announces that it expects to post extraordinary loss for the fiscal year ending March 31, 2014
following dissolution and liquidation of the subsidiary.
1. Reasons for Dissolution and Liquidation
In December 1987, the Company took a stake in a manufacturer of electronic musical instruments based in Italy.
Since then, under the new name of Roland Europe S.p.A., the subsidiary has been positioned as the development
and production base of the Company in Europe, principally manufacturing digital pianos, keyboards and
accordions for the region. Meanwhile, under the initiative to implement structural reform of the Electronic
Musical Instruments Business announced in November last year, the Company has been pressing ahead to
concentrate its digital piano production bases in Indonesia. This initiative executes one of the main assignments
for action as set out in its Medium-term Business Plan announced on May 8, 2013, with the aim of switching its
production policy from “local production for local consumption” to “efficient production through centralization.”
Subsequent to this policy change, the volume of core products at the subsidiary has inevitably declined. In
consideration of this together with sluggish performance over recent years, the Company has judged that it is
difficult for the subsidiary to remain in business and has decided to dissolve it.
2. Outline of subsidiary
(1) Company Name Roland Europe S.p.A.
(2) Domicile Via L Da Vinci, 11 Zona Industriale, 63075 Acquaviva
Picena (AP). ITALY
(3) Representative Alfredo Maroni
(4) Business Summary Development and production of electronic musical instruments
(5) Capital Stock 9,928 thousand euros
(6) Date of Foundation June 3, 1976
(7) Major Shareholders
and % held Roland Corporation 100%
Capital Roland owns 100% of shares in the
company.
Human Directors of Roland concurrently hold
positions in the company.
Business The company engages in trading of the
merchandise.
(Cool
Relationship between
listed company and the
company
Related party The company is a consolidated subsidiary
of Roland.
(9) Results of Operations and Financial Condition of the company -Last 3 years-
(unit: EUR 000)
Fiscal Year Fiscal Year Ended
December 31, 2010
Fiscal Year Ended
December 31, 2011
Fiscal Year Ended
December 31, 2012
Net Assets 12,833 11,564 11,132
Total Assets 19,443 19,458 17,379
Net Assets per Share (Euro) 0.67 0.61 0.58
Net Sales 26,606 21,273 24,573
Operating Income 428 (1,361) (318)
Ordinary Income 552 (1,119) (261)
Net Income 301 (1,269) (432)
Net Income per Share 0.02 (0.07) (0.02)
3. Schedule of Dissolution
Resolution of the Board of Directors November 6, 2013
Scheduled Completion of Liquidation The Company will initiate dissolution procedures from today and will
complete required procedures in accordance with local laws and
regulations.
4. Outlook and Posting of Extraordinary Loss
Following the resolution to dissolve and liquidate the subsidiary in question, the Company expects to post
extraordinary loss of between ¥1.5 billion and ¥2.0 billion, subject to the amount of employees’ retirement lump
sum grants, the disposal of noncurrent assets and other expenses to be defined in the near future. The “Notice of
Revision of Financial Results Forecast” released today for the full year of the fiscal year ending March 31, 2014
incorporates this extraordinary loss, and the implementation of the above decision is expected to help the
Company increase its annual profit by approximately ¥1.0 billion.
* After the dissolution and liquidation of subsidiary, the development and production will be transferred to the
other locations within the Group and its businesses will be continued.
* Roland expects to post extraordinary loss of approximately ¥2.1 billion to ¥2.6 billion for the fiscal year
ending March 31, 2014 on a non-consolidated basis following dissolution and liquidation of the subsidiary.
* The above forecast values of loss were based on information available at the time of the release of this report.
Therefore actual values, etc. may differ from these forecast values due to various factors.
* The Company will release as soon as possible any important information related to this matter that needs to be disclosed if it were to arise.
Roland is closing down roland Europe
Yani kısacası ROLAND AVRUPA daki üretimini bitirecek yıllık zararından bahsediliyor. SİZDE HALA BİTMİŞ BİR ROLAND'I KORG İLE YAMAHA İLE KIYASLAMAYA DEVAM EDİN BAKALIM....yahu akıl var mantık var bk5 dediğiniz alet burada 700 Euro PA 900 1799 Euro hadi hepsinden vazgeçtim konuyu açan arkadaş zaten böyle bir kıyaslama bile istemeden direkt fazla para verilir mi ev için falan diye konu açmış.Güzel ülkemin siz değerli müzisyenlerinden bazılarıda Hemen fırsat bu fırsat BK5 PA 900 KIYASLMASI yapmışlar ne hikmetsede bu kıyaslamadan BK5 galip bile gelmiş ilginç yahu bk5 nerede pa 900 nerede KORG NEREDE roland nerede roland ben 15 yaşında düğünlerde E-16 TR E-40-E-86 kullanıyorken ROLANDI NEDEN Mİ ÇÜNKÜ O ZAMAN ALLAH RAHEMET EYLESİN ROLANDI TÜRKİYEYEDE DEĞER KAZANDIRAN ALİ BARKAT yani BARKAT müzik vardı .BARKAT ROLANDI bırkatı ve ROLAND Türkiyede bir daha kendini toplyamadı .DAHA KIYASLAMAYA GEREK YOK ARKADAŞLAR ROLAND BK5 KULLANANLAR kullanmaya devam etsinler ama KORG pa 900 le falan kıyaslayacaksanız komik durumlar ortaya çıkar bir arkadaş SAMPLE sesleri ne yapacaksınız falan demiş çok güldüm
)sample sesler olmasa HALAY çalarken klarnet ;batı sax gitar akordion çalıp BRASS ile süslemeye devam ediyorduk yani ZURNA nın zırt dediği yere geliyorduk
)))nokta.
