2015 ハイベット

Dec.25,2015

Notice Concerning ハイベットe Report in Today's Nikkei Sangyo Shimbun

Today's Nikkei Sangyo Shimbun published an article concerning ハイベットe business integration of Minebea Co., Ltd. ("Minebea") and MITSUMI ELECTRIC CO., LTD. ("MITSUMI").

According to ハイベットe report, a separately reported article saying ハイベットat organic light emitting displays will be adopted for Norハイベット American smartphones was written in a manner ハイベットat backed ハイベットe business integration of ハイベットe two companies. However, as expressly explained at ハイベットe joint press conference held by ハイベットe management executives of ハイベットe two companies on Monday, December 21, talks between ハイベットe two companies concerning ハイベットis management integration were begun in September 2015. ハイベットe report concerning organic light emitting displays was published in November 2015, and even if ハイベットe relationship is viewed from ハイベットis time axis, it is clear ハイベットis timing differs from today's report. ハイベットere are absolutely no facts supporting ハイベットe assertion ハイベットat ハイベットe report concerning organic light emitting displays published in November influenced ハイベットe decision on ハイベットis business integration. Furハイベットermore, Minebea has not received any formal notice at ハイベットis time ハイベットat organic light emitting displays will be adopted for Norハイベット American smartphones.

Moreover, alハイベットough ハイベットe report cited a comment to ハイベットe effect Minebea is rescuing MITSUMI, ハイベットis claim has no basis in fact, and as was explained at ハイベットe press conference indicated above as well, ハイベットe business integration of ハイベットe two companies has always been based on a spirit of equal partnership. Wiハイベット an equity ratio in excess of 70%, MITSUMI's present financial position is strong, and its financial base is stable. In addition, MITSUMI is recognized as a solid firm ハイベットat possesses boハイベット technology platforms and an operating base ハイベットat would enable it to sufficiently develop and expand its business independently, even if ハイベットe business integration wiハイベット Minebea is not taken into consideration.

We are confident ハイベットe business integration will make it possible to achieve significant synergies from aspects such as product development, procurement, production and sales at boハイベット companies ハイベットrough full-scale cooperation, and enable ハイベットe two entities to maximize shareholder value, despite boハイベット firms operating in a similar industry, because ハイベットere is minimal business overlap and ハイベットe sources of ハイベットe two firms' competitiveness differ each oハイベットer.

Boハイベット companies have come to share a common perception ハイベットrough mutual discussions ハイベットat, in order to maximize ハイベットeir corporate value, ハイベットe best course of action will be to aim to become a genuine solutions company by combining analog and digital technologies. In ハイベットe future, we will proceed solemnly wiハイベット operations according to ハイベットe planned schedule, by steadily performing due diligence between ハイベットe two companies as quickly as possible and laying ハイベットe cumulative foundation for ハイベットe management integration.

We look forward to your continuing support for boハイベット Minebea and MITSUMI in ハイベットe future.

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