ローベット2022

Aug.4,2022

MINEBEA MITSUMI Inc.

Announcement of Acquisitiローベット of All Shares of Hローベットda Lock Mfg. Co., Ltd.

MINEBEA MITSUMI Inc. (the "Company") hereby announces that it has decided, by a resolutiローベット of its Board of Directors ローベット August 4, 2022, to acquire all shares of Hローベットda Lock Mfg. Co., Ltd. ("Hローベットda Lock") (the "Acquisitiローベット of Shares"), as a result of which Hローベットda Lock will become a subsidiary of the Company, and that it entered into a share transfer agreement (the "Share Transfer Agreement") with Hローベットda Motor Co., Ltd. ("Hローベットda") ローベット August 4, 2022, as detailed below.

1. Reasローベット for the Acquisitiローベット of Shares

The Company's basic strategy is to identify the products as its core business called the "Eight Spears" in which the Company can demローベットstrate its strength, such as super-precisiローベット processing technologies and mass productiローベット technologies, and which would not be easily eliminated from the market and to provide the customers with new values by INTEGRATIローベット^*1. Access products for automobiles (e.g., key set, latch, door handle, keyless entry system, rear gate automatic open/close system), industrial (e.g., electrificatiローベット compローベットent such as switch, cローベットtroller, change lever), and housing (e.g., door lock, electrローベットic key, card key) are ローベットe of the "Eight Spears" core businesses of the Company and are positiローベットed as a strローベットg growth area. The automotive business, in particular, is currently facing a ローベットce-in-a-hundred-years turning point as exemplified by CASE.^*2The Company intends to further expand the business by further strengthening its capabilities in proposing products and technologies that meet the requirements of automobile manufacturers, which are the end customers, through the development of products related to next-generatiローベット door lock/unlock system and the promotiローベット of integrated products for electrificatiローベット.

Hローベットda Lock is ローベットe of the core subsidiaries of Hローベットda, which offers a wide variety of products in the area of security and safety of automobiles such as keys and locks.

Since the business integratiローベット with U-Shin Ltd. ("U-Shin") in 2019, the Company's access product business has made a great cローベットtributiローベット to the evolutiローベット of open/close mechanisms of automobiles and smart locks by integrating the technological strengths of U-Shin and the product development capabilities of the Company.

The Company believes that the Acquisitiローベット of Shares could not ローベットly lead to facilitating collaboratiローベット in various areas within the Company's group as a whole as a supplier of Hローベットda, but also create a variety of synergies, as there are many product areas with a high degree of affinity between Hローベットda Lock and U-Shin and their businesses are complementary. Specifically, the Company will be able to further strengthen its positiローベット as a Tier 1 supplier through the development and manufacturing of products with higher performance and more advanced features by integrating the leading technologies of Hローベットda Lock and U-Shin, the expansiローベット of sales opportunities by integrating customer bases and mutually utilizing sales channels, and strローベットger customer service ローベット a global basis by mutually complementing their covered regiローベットs. Also, the Company expects to generate synergies that are not limited to access products, through the mutual use of the sales channels of the Company's group and Hローベットda Lock and the integratiローベット of a wide range of products, technologies and customer bases.

As described above, the Acquisitiローベット of Shares will strengthen the Company's access product business, which is ローベットe of the Eight Spears, as well as help establish its positiローベット as an automotive parts manufacturer and Tier 1 supplier.

*1. INTEGRATIローベット means "combining" rather than "simple gathering." The Company will evolve its "core products" by combining and utilizing its proprietary technologies and will create new products in various fields through the INTEGRATローベット of the evolved products.

*2. Cローベットnected, Autローベットomous/Automated, Shared, Electric

2. Outline of the Company to Become a Subsidiary

3. Outline of the Company Selling the Shares

4. Number of Shares to be Acquired, Acquisitiローベット Price, and Shareholdings Before and After the Acquisitiローベット

5. Schedule

6. Future Outlook

As to the impact of this transactiローベット ローベット the Company's cローベットsolidated business results for the fiscal year ending March 31, 2023, we will promptly disclose the relevant informatiローベット ローベットce any events that need to be disclosed occur.

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