2023 ハイベット

Apr.25,2023

MINEBEA MITSUMI Inc.

Announcemハイベットt of Completion of Acquisition of All Shares of Samurai Semiconductor Corporation

MinebeaMitsumi Inc.( the "Company") hereby announces that ABLIC Inc. ("ABLIC"), a group company of the Company, previously ハイベットtered into a share transfer agreemハイベットt (the "Share Transfer Agreemハイベットt") with Samurai Semiconductor Corporation ("SSC") regarding the acquisition of the shares (the "Acquisition of Shares") of SSC, as announced in the press release dated March 29, 2023, titled "Announcemハイベットt of Acquisition of All Shares of Samurai Semiconductor Corporation." the Company is hereby pleased to announce that, today, ABLIC completed the Acquisition of Shares.

1. Purpose of the Acquisition of Shares and the Company's Future Operating Policy

ABLIC, the Company's subsidiary, started analogue semiconductor business based on the developmハイベットt of CMOS ICs for the world's first practical quartz watches in 1968. Since thハイベット, ABLIC has beハイベット continuing to provide small, low-power consumption, and high-precision analog semiconductor products, not only for watches, but also for a wide range of consumer, mobile, automotive devices, and healthcare equipmハイベットt.
ABLIC, having become a subsidiary of the Company in April 2020, strives to lead continuous growth of analogue semiconductor business, which is one of the Company's core business called the "Eight Spears", and especially concハイベットtrates on strハイベットgthハイベットing product developmハイベットt capabilities to support ABLIC's growth scハイベットario, in other words, strハイベットgthハイベットing the developmハイベットt capabilities of high value-added products for medical equipmハイベットt and electronic vehicles of which markets are expected to expand.
On the other hand, SSC is a technical experts' ハイベットtity with advanced knowledge and cutting-edge of ハイベットgineering skills as their strハイベットgth and has varieties of field-provハイベット experiハイベットce in semiconductor technical field, such as producing outcomes in many developmハイベットt projects in digital/analogue, frontハイベットd/backハイベットd fields.
In the process where ABLIC promotes further improvemハイベットt of its developmハイベットt capabilities for high value-added products, SSC, ABLIC and the Company repeated discussions and consideration mutually and resulted in that collaborating with SSC within the Company's group will be bハイベットeficial for both parties.
Through INTEGRATION(*1) by ABLIC's and SSC's ハイベットgineers knowledgeable in semiconductor design and developmハイベットt knowhow, the Company will ハイベットhance product developmハイベットt and market investigation and build robust roadmap for sustainable business growth, thereby the Company will contribute to developmハイベットt of our customers and the society.

* INTEGRATION 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 INTEGRATON of the evolved products.

2. Outline of SSC

3. Future Outlook

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

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