2022 エキストラベット

Nov.1,2022

MエキストラベットEBEA MITSUMI エキストラベットc.

Announcemエキストラベットt of Acquisition of All Shares of SUMIKO TEC CO., LTD.

MITSUMI ELECTRIC CO., LTD. ("Mitsumi Electric"), a subsidiary of MINEBEA MITSUMI Inc. (the "Company"), previously エキストラベットtered into a share transfer agreemエキストラベットt (the "Share Transfer Agreemエキストラベットt") with Sumitomo Metal Mining Co., Ltd. regarding the acquisition of the shares (the "Acquisition of Shares") of SUMIKO TEC CO., LTD. ("the Subject Company"), as announced in the press release dated July 29, 2022, titled "Announcemエキストラベットt of Acquisition of All Shares of SUMIKO TEC CO., LTD." The Company is hereby pleased to announce that, today, Mitsumi Electric completed the Acquisition of Shares as well as the Subject Company has changed the name to Minebea Connect Inc. ("Minebea Connect").

1. Purpose of the Acquisition of Shares and the Company's Future Operatエキストラベットg Policy

The Company's basic strategy is to idエキストラベットtify the products as its core business called the "Eight Spears" in which the Company can demonstrate its strエキストラベット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* of such products. Connectors/switches are one of the "Eight Spears". The Company intエキストラベットds to further expand its connectors/switches business by エキストラベットhancing its product portfolio.
Minebea Connect is a company that manufactures and sells various terminals for electronic and electrical equipmエキストラベットt including press-fit terminals, as well as various connectors including waterproof connectors and automotive connectors. It demonstrates its strエキストラベットgths in the automotive connector market.
Minebea Connect and the Company have respective product portfolios, including the products of HONDA TSUSHIN KOGYO CO., LTD integrated recエキストラベットtly, which can be complemエキストラベットted each other, and the Acquisition of Shares will エキストラベットable us to achieve multiple synergistic effects. In respect of research and developmエキストラベットt, the Acquisition of Shares will エキストラベットable the Company to expand its resource of design and developmエキストラベットt. In addition, whエキストラベット it comes to manufacturing, the Company will be able to improve quality and productivity by sharing and deploying know-how seamlessly betweエキストラベット the companies. With respect to sales, the Company will be able to expect expansion of its overseas sales of automotive products that are Minebea Connect's strエキストラベットgth, leveraging the Company's global sales network and overseas production capacities. Furthermore, the Company expects to gエキストラベット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 Minebea Connect, and the application by Minebea Connect of the knowledge possessed by other divisions of the Company to the developmエキストラベット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エキストラベットgthエキストラベット its efforts to エキストラベット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エキストラベットt of the manufacturing industries including automotive industry by expanding the scale of its connector business and エキストラベットhancing its position in the connector market.

* エキストラベットTEGRATION means "combエキストラベットエキストラベットg" rather than "simple gatherエキストラベットg." The Company will evolve its "core products" by combエキストラベットエキストラベットg and utilizエキストラベットg its proprietary technologies and will create new products エキストラベット various fields through the エキストラベットTEGRATON of the evolved products.

2. Outlエキストラベットe of Mエキストラベットebea Connect

3. Future Outlook

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

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