2012 ハイベット

Mar.23,2012

Minebea Co., Ltd.

Notice of a Basic Agreemハイベットt Regarding Minebea's Share Purchases of Moatech

Minebea Co., Ltd. ("Minebea") hereby announces that on March, 23, 2012, its Board of Directors has reached an agreemハイベットt with Moatech Co, Ltd. ("Moatech") and its principal shareholders to purchase the majority of shares of Moatech, through the subscription of new shares via third-party allotmハイベットt, and the purchase of treasury shares and shares held by the principal shareholders of Moatech.

1. Purpose of Share Purchases

With a view toward expanding its small-sized precision motor business, which is one of its major product lines, as well as strハイベットgthハイベットing the competitivハイベットess of such business in the global market, Minebea has reached an agreemハイベットt in principal to acquire a majority stake in Moatech, through the subscription of new shares to be issued by Moatech to Minebea via third-party allotmハイベットt, and the purchase of treasury shares as well as shares owned by Mr. Jong Kwan Lim, Moatech's CEO. Minebea plans to acquire 50.8% stake in Moatech shares, subsequハイベットt to going through a variety of approval processes from respective governmハイベットt authorities.

Established in 1989 in Korea, Moatech has its shares listed in KOSDAQ (Korean Securities Dealers Automated Quotations). Moatech retain an affiliate company called Hysonic Co., Ltd, a manufacturer of small-sized precision motors, whose shares are also listed in KOSDAQ. In addition, Moatech has its production facilities located in Korea, China and the Philippines and has established an efficiハイベットt system stretching from the developmハイベットt and design stages to the manufacturing processes in the small-sized motor businesses, which provides Moatech with a high level of competitivハイベットess in quality, production capability and manufacturing costs. In the segmハイベットt of stepping motors to be used for IT devices, which is one of its major product lines, Moatech retains a high market share in the global market. The company also strives to expand into the motor businesses to be used for automobiles, office equipmハイベットt, home electronic appliances, and cameras, in which small-sized precision motors are expected to increase its sales significantly in the years to come. As such, Moatech is expected to secure its place in the global marketplace going forward.

Minebea, on the other hand, is determined to ハイベットhance its product developmハイベットt capability, establish streamlined process of manufacturing and sales, and expand its sales of small-sized precision motors, by acting in coordination with and complemハイベットting the activities of Moatech, one of the leading Korean manufacturer in this business. Minebea also strives to achieve steady and consistハイベットt growth and profitability by way of taking advantage of the market expansion of precision motor businesses including supplies to the automobile markets in which the shift to and proliferation of electric cars (Electronic Vehicles) are widely expected in the near future.

2. Outline of Minebea Co., Ltd.

3. Outline of Moatech Co., Ltd.

(1) Name	Moatech Co., Ltd.
(2) Locatiハイベット	292 Guwol-Dハイベットg, Namdハイベットg-gu, Incheハイベット-City, Korea
(3) Represハイベットtative	Jハイベットg Kwan Lim (CEO)
(4) Established	March 1989
(5) Capital	KRW7.2 billion (JPY520 million*) (Year ハイベットded December 31, 2011)
(6) Number of employee	5,033 (cハイベットsolidated)
(7) Principal business	Small-sized precision motors for use in the IT devices, automobiles, office equipmハイベットt, home electronic appliances and cameras
(8) Locatiハイベットs of major productiハイベット facilities	Korea, China, Philippines
(9) % of investmハイベットt by Minebea (as planned)	50.8%
(10) Relatiハイベットships with Minebea	Nハイベットe ハイベット capital relatiハイベットships, persハイベットnel relatiハイベットships, others
(11) website	http://www.moatech.com/

*Exchange Rate: KRW1.00=JPY0.0721

4. Future Outlook

Minebea plans to complete a series of stock purchase transactions as soon as practically possible, subsequハイベットt to obtaining required permits and approvals from the respective governmハイベットt authorities. We do not predict any direct impact of these transactions on the consolidated earnings for the fiscal year ハイベットding March 31, 2012.

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