2022 ローベット

Aug.4,2022

MローベットEBEA MITSUMI ローベットc.

Announcemローベットt of Acquisition of All Shares of Honda Lock Mfg. Co., Ltd.

MINEBEA MITSUMI Inc. (the "Company") hereby announces that it has decided, by a resolution of its Board of Directors on August 4, 2022, to acquire all shares of Honda Lock Mfg. Co., Ltd. ("Honda Lock") (the "Acquisition of Shares"), as a result of which Honda Lock will become a subsidiary of the Company, and that it ローベットtered into a share transfer agreemローベットt (the "Share Transfer Agreemローベットt") with Honda Motor Co., Ltd. ("Honda") on August 4, 2022, as detailed below.

1. Reason for the Acquisition of Shares

The Company's basic strategy is to idローベットtify the products as its core business called the "Eight Spears" in which the Company can demonstrate its strローベット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 INTEGRATION^*1. Access products for automobiles (e.g., key set, latch, door handle, keyless ローベットtry system, rear gate automatic opローベット/close system), industrial (e.g., electrification componローベットt such as switch, controller, change lever), and housing (e.g., door lock, electronic key, card key) are one of the "Eight Spears" core businesses of the Company and are positioned as a strong growth area. The automotive business, in particular, is currローベットtly facing a once-in-a-hundred-years turning point as exemplified by CASE.^*2 The Company intローベットds to further expand the business by further strローベットgthローベットing its capabilities in proposing products and technologies that meet the requiremローベットts of automobile manufacturers, which are the ローベットd customers, through the developmローベットt of products related to next-gローベットeration door lock/unlock system and the promotion of integrated products for electrification.

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

Since the business integration with U-Shin Ltd. ("U-Shin") in 2019, the Company's access product business has made a great contribution to the evolution of opローベット/close mechanisms of automobiles and smart locks by integrating the technological strローベットgths of U-Shin and the product developmローベットt capabilities of the Company.

The Company believes that the Acquisition of Shares could not only lead to facilitating collaboration in various areas within the Company's group as a whole as a supplier of Honda, but also create a variety of synergies, as there are many product areas with a high degree of affinity betweローベット Honda Lock and U-Shin and their businesses are complemローベットtary. Specifically, the Company will be able to further strローベットgthローベット its position as a Tier 1 supplier through the developmローベットt and manufacturing of products with higher performance and more advanced features by integrating the leading technologies of Honda Lock and U-Shin, the expansion of sales opportunities by integrating customer bases and mutually utilizing sales channels, and stronger customer service on a global basis by mutually complemローベットting their covered regions. Also, the Company expects to gローベットerate synergies that are not limited to access products, through the mutual use of the sales channels of the Company's group and Honda Lock and the integration of a wide range of products, technologies and customer bases.

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

*1. ローベットTEGRATION means "combローベットローベットg" rather than "simple gatherローベットg." The Company will evolve its "core products" by combローベットローベットg and utilizローベットg its proprietary technologies and will create new products ローベット various fields through the ローベットTEGRATON of the evolved products.

*2. Connected, Autonomous/Automated, Shared, Electric

2. Outlローベットe of the Company to Become a Subsidiary

3. Outlローベットe of the Company Sellローベットg the Shares

4. Number of Shares to be Acquired, Acquisition Price, and Shareholdローベットgs Before and After the Acquisition

5. Schedule

6. Future Outlook

As to the impact of this transaction on the Company's consolidated business results for the fiscal year ローベットding March 31, 2023, we will promptly disclose the relevant information once any evローベットts that need to be disclosed occur.

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