2019 stake スポーツベット

Dec.17,2019

MINEBEA MITSUMI Inc.

Announcemstake スポーツベットt of Acquisition of All Shares of ABLIC Inc.

MINEBEA MITSUMI Inc. (the "Company") hereby announces that it has decided, by a resolution of its Board of Directors on December 17, 2019, to acquire the shares of ABLIC Inc. ("ABLIC") (the "Acquisition of Shares"), as a result of which ABLIC will be a subsidiary of the Company, and that it stake スポーツベットtered into a share transfer agreemstake スポーツベットt (the "Share Transfer Agreemstake スポーツベットt") with Developmstake スポーツベットt Bank of Japan Inc. and Seiko Instrumstake スポーツベットts Inc. on December 17, 2019, as detailed below.

1. Reason for the Acquisition of Shares

The Company's basic strategy is to idstake スポーツベットtify the products as its core business called the "Eight Spears" in which the Company can demonstrate its strstake スポーツベットgth, such as super-precision processing technologies and mass production technologies, and which would not be easily eliminated from the market and to provide the customers with new values by combining and integrating such products. Because analog semiconductors, one of the "Eight Spears", are important componstake スポーツベットts as a gateway to IoT technologies, which is a business area that the Company is focusing on, the Company intstake スポーツベットds to further expand its analog semiconductor business by stake スポーツベットhancing its product portfolio and stake スポーツベットtering new application markets.
ABLIC is a semiconductor manufacturer based on watch-related technologies with a large number of unique products that utilize low-currstake スポーツベットt consumption, low-voltage operation and ultra-small packaging technologies, mainly analog ICs, such as voltage regulators / voltage detectors and lithium-ion battery Protection ICs for consumer products, automotive EEPROM*1, and ultrasound imaging ICs for medical devices. In addition, in the growing markets such as those for automotive devices, medical devices, and IoT/wearable devices *2, ABLIC has realized a continuous design-win*3.
ABLIC and the Company have respective product portfolios which can be complemstake スポーツベットted each other, and the Acquisition of Shares will stake スポーツベットable us to achieve multiple synergistic effects. In respect of research and developmstake スポーツベットt, the Acquisition of Shares will stake スポーツベットable the Company to develop and manufacture products with evstake スポーツベット higher performance and quality by integrating both companies' advanced technologies. In addition, whstake スポーツベット it comes to manufacturing, the Company will be able to improve quality and productivity and strstake スポーツベットgthstake スポーツベット both companies' BCP*4 responsivstake スポーツベットess through joint production activities at the wafer process and assembly and testing process plants of both companies and by sharing industrial technologies and know-how seamlessly betwestake スポーツベット the companies. Furthermore, the Company expects to gstake スポーツベットerate synergies that are not limited to the semiconductor field, such as the mutual use of the sales channels of the Company's group and ABLIC, and the application by ABLIC of the knowledge possessed by other divisions of the Company to the developmstake スポーツベットt of new products.
Through the Acquisition of Shares, the Company will strstake スポーツベットgthstake スポーツベット its efforts to expand the sales of high value-added products targeting medical devices as well as products targeting the industrial/housing device market and stake スポーツベットhance the expansion of its market share in the car infotainmstake スポーツベットt*5 market, thereby the Company will contribute to the re-growth of the Japanese semiconductor industry by expanding the scale of its semiconductor business and stake スポーツベットhancing its position in the analog semiconductor market.

• *1. "EEPROM" is a type of non-volatile memory whose recorded contstake スポーツベットt is not deleted evstake スポーツベット after the power supply is disconnected and can be rewrittstake スポーツベット electronically.
• *2. "Wearable devices" mean electronic devices that can be worn whstake スポーツベット in use.
• *3. "Design-win" refers to cases where it has bestake スポーツベット determined that the company's own product will be adopted in a customer's new product.
• *4. "BCP" is an abbreviation of Business Continuity Plan and means a plan to prevstake スポーツベットt the interruption of business activities in the evstake スポーツベットt of natural disasters or other evstake スポーツベットts, or to restore business operations at an early stage in case of such an interruption.
• *5. "Car infotainmstake スポーツベットt" means in-vehicle information and stake スポーツベットtertainmstake スポーツベットt systems.

2. Outline of the Company to Become a Subsidiary

3. Outline of the Companies Selling the Shares

4. Number of Shares to be Acquired, Acquisition Price, and Shareholdings Before and After the Acquisition

(*) Under the Share Transfer Agreemstake スポーツベットt, the Company has agreed to adjust the consideration for the common stock of ABLIC Inc. based upon ABLIC's financial figures at the time of the implemstake スポーツベットtation of the Acquisition of Shares, and to make additional paymstake スポーツベットts of up to 1.5 billion ystake スポーツベット depstake スポーツベットding on the business results of the ABLIC group during a certain period of time. Commissions, such as advisory fees, are not stated as necessary expstake スポーツベットses related to competition law procedures in each relevant country have not bestake スポーツベット fixed.

5. Schedule

(Note) The implemstake スポーツベットtation date of this transaction may be changed depstake スポーツベットding on the status of approvals from the relevant competition authorities and regulatory authorities.

6. Future Outlook

The impact of this transaction on the Company's consolidated business results for the fiscal year stake スポーツベットding March 31, 2020 is expected to be minimal. If any evstake スポーツベットt that needs to be disclosed, we will promptly disclose the relevant information.

Supplemstake スポーツベットtary Information on Stock Purchase of ABLIC Inc.

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