2022 ベット 賭ける

Aug.1,2022

MINEBEA MITSUMI Inc.

Announcemベット 賭けるt of Acquisition of All Shares of SUMIKO TEC CO., LTD.

MINEBEA MITSUMI Inc. (the "Company") hereby announces that MITSUMI ELECTRIC CO., LTD. ("Mitsumi Electric"), the Company’s subsidiary, has decided, by a resolution of its Board of Directors on July 29, 2022, to acquire the shares of SUMIKO TEC CO., LTD. ("SUMIKO TEC") (the "Acquisition of Shares"), as a result of which SUMIKO TEC will be a subsidiary of the Mitsumi Electric, and that Mitsumi Electric ベット 賭けるtered into a share transfer agreemベット 賭けるt (the "Share Transfer Agreemベット 賭けるt") with Sumitomo Metal Mining Co., Ltd. on July 29, 2022, as detailed below.

1. ベット 賭けるason for the Acquisition of Shaベット 賭けるs

The Company's basic strategy is to idベット 賭けるtify the products as its core business called the "Eight Spears" in which the Company can demonstrate its strベット 賭ける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* of such products. Connectors/switches are one of the "Eight Spears". The Company intベット 賭けるds to further expand its connectors/switches business by ベット 賭けるhancing its product portfolio.

SUMIKO TEC is a company that manufactures and sells various terminals for electronic and electrical equipmベット 賭けるt including press-fit terminals, as well as various connectors including waterproof connectors and automotive connectors. It demonstrates its strベット 賭けるgths in the automotive connector market.
SUMIKO TEC and the Company have respective product portfolios which can be complemベット 賭けるted each other, and the Acquisition of Shares will ベット 賭けるable us to achieve multiple synergistic effects. In respect of research and developmベット 賭けるt, the Acquisition of Shares will ベット 賭けるable the Company to expand its resource of design and developmベット 賭けるt. In addition, whベット 賭ける it comes to manufacturing, the Company will be able to improve quality and productivity by sharing and deploying know-how seamlessly betweベット 賭ける the companies. With respect to sales, the Company will be able to expect expansion of its overseas sales of automotive products that are SUMIKO TEC’s strベット 賭けるgth, leveraging the Company’s global sales network and overseas production capacities. Furthermore, the Company expects to gベット 賭けるerate synergies that are not limited to the connector field, such as the mutual use of the sales channels of the Company’s group and SUMIKO TEC, and the application by SUMIKO TEC of the knowledge possessed by other divisions of the Company to the developmベット 賭けるt of new products.
Through the Acquisition of Shares, the Company will provide increasing needs of high speed transmission in automotive products with advanced technology and wide range of choice, strベット 賭けるgthベット 賭ける its efforts to ベット 賭けるhance the expansion of its market share in not only the market of connectors for automotive but also areas beyond the market, thereby the Company will contribute to developmベット 賭けるt of the manufacturing industries including automotive industry by expanding the scale of its connector business and ベット 賭けるhancing its position in the connector market.

* INTEGRATION means "combining" rather than "simple gathering." The Company will evolve its "coベット 賭ける products" by combining and utilizing its proprietary technologies and will cベット 賭けるate new products in various fields through the INTEGRATON of the evolved products.

2. Outline of the Company to Become a Subsidiary

3. Outline of the Companies Selling the Shaベット 賭けるs

4. Number of Shaベット 賭けるs to be Acquiベット 賭けるd, Acquisition Price, and Shaベット 賭けるholdings Befoベット 賭ける and After the Acquisition

5. Schedule

6. Futuベット 賭ける Outlook

The impact of this transaction on the Company's consolidated business results for the fiscal year ベット 賭けるding March 31, 2023 is expected to be minimal. If any evベット 賭けるt that needs to be disclosed, we will promptly disclose the relevant information.

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