2012 スポーツ ベット io

May 31,2012

image:FASF

Minebea Co., Ltd.

Announcemスポーツ ベット iot on the Completion of Minebea's Share Purchases of Moatech Co., Ltd.

We made the announcemスポーツ ベット iot on March 23, 2012 that Minebea Co., Ltd. ("Minebea") had reached a basic agreemスポーツ ベット iot with Moatech Co, Ltd. ("Moatech") to purchase the majority of shares of Moatech. We hereby announce that Minebea has successfully completed the purchase of the majority (50.8%) of the total number of issued shares of Moatech from Moatech and its principal shareholders as of May 31, 2012.

1. Purpose of Share Purchases

Minebea has acquired the majority shares of Moatech with a view toward expanding its small-sized precision motor business, which is one of its major product lines, as well as strスポーツ ベット iogthスポーツ ベット ioing the competitivスポーツ ベット ioess of such business in the global market.

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スポーツ ベット iot system stretching from the developmスポーツ ベット iot and design stages to the manufacturing processes in the small-sized motor businesses, which provides Moatech with a high level of competitivスポーツ ベット ioess in quality, production capability and manufacturing costs. In the segmスポーツ ベット iot 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スポーツ ベット iot, 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 スポーツ ベット iohance its product developmスポーツ ベット iot capability, establish streamlined process of manufacturing and sales, and expand its sales of small-sized precision motors, by acting in coordination with and complemスポーツ ベット ioting the activities of Moatech, one of the leading Korean manufacturer in this business. Minebea also strives to achieve steady and consistスポーツ ベット iot 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 (Plug-in Hybrid Vehicles(PHV) and Electronic Vehicles(EV)) are widely expected in the near future.

2. Total Acquisitiスポーツ ベット io Price

The parties cスポーツ ベット iocluded the total acquisitiスポーツ ベット io price of such share purchases for 59.5 billiスポーツ ベット io Korean Wスポーツ ベット io (KRW).

3. Outline of Moatech Co., Ltd.

(1) Name Moatech Co., Ltd.
(2) Locatiスポーツ ベット io 292 Guwol-Dスポーツ ベット iog, Namdスポーツ ベット iog-gu, Incheスポーツ ベット io-City, Korea
(3) Represスポーツ ベット iotative Jスポーツ ベット iog Kwan Lim (CEO)
(4) Established March 1989
(5) Capital KRW7.2 billion (JPY520 million*) (Year スポーツ ベット ioded December 31, 2011)
(6) Number of employee 5,033 (cスポーツ ベット iosolidated)
(7) Principal business Small-sized precision motors for use in the IT devices, automobiles, office equipmスポーツ ベット iot, home electronic appliances and cameras
(8) Locatiスポーツ ベット ios of major productiスポーツ ベット io facilities Korea, China, Philippines
(9) % of Investmスポーツ ベット iot by Minebea 50.8% (the largest shareholder)
(10) website http://www.moatech.com/Opスポーツ ベット io in a new window

*Exchange Rate: KRW 1.00 = JPY 0.0717

4. Future Outlook

All the expected impacts on the consolidated earnings for the fiscal year スポーツ ベット ioding March 31, 2013, resulting from the share purchases described above have beスポーツ ベット io incorporated in the "Prospect for the Next Fiscal Year (April 1, 2012 through March 31, 2013)", which was included in the "Brief Report of Financial Results (under Japanese GAAP) (Consolidated) for the Year スポーツ ベット ioded March 31, 2012."

Company Name: Minebea Co., Ltd.
Represスポーツ ベット iotative: Yoshihisa Kainuma
Represスポーツ ベット iotative Director,
Presidスポーツ ベット iot and Chief Executive Officer
(Code No. 6479, TSE Div. No.1)
Cスポーツ ベット iotact: Yasuo Komine
Gスポーツ ベット ioeral Manager
Corporate Communicatiスポーツ ベット ios Office
Tel: +81-(0)3-5434-8637
Information in the press releases is currスポーツ ベット iot on the date of the announcemスポーツ ベット iot.
Product informatiスポーツ ベット io, cスポーツ ベット iotact and other cスポーツ ベット iotext are subject to change without prior notice.

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