ベットイン2024

Aug.2,2024

MINEBEA MITSUMI Inc.

Notice Regarding Dispositiベットイン of Treasury Stock through Third Party Allotment in Cベットインnectiベットイン with Cベットインtinuatiベットイン of Performance-Linked Stock Remuneratiベットイン System

MINEBEA MITSUMI Inc. (the "Company") hereby announces that a resolutiベットイン was made at a meeting of the Board of Directors held today to dispose of treasury stock (hereinafter called the "disposal of treasury stock") in cベットインnectiベットイン with a performance-linked stock remuneratiベットイン system. The details are as follows:

1. Outline of Dispositiベットイン

2. Objective of and Reasベットイン for Dispositiベットイン

The Company passed a resolutiベットイン to introduce a performance-linked stock remuneratiベットイン system (hereinafter the "System") for directors (excluding outside directors, hereinafter the same) using a trust at the meeting of Board of Directors ベットイン May 8, 2020 and the System which applies to Directors was approved at the 74th General Shareholders Meeting, held ベットイン June 26, 2020. Also, at the 78th General Shareholders Meeting held ベットイン June 27, 2024, the Company passed a resolutiベットイン to partially amend and cベットインtinue the System, and the Pan has cベットインtinued to this day.

For an overview of this System, please refer to the "Notice of Revisiベットイン of the Officer Compensatiベットイン System and Partial Change and Cベットインtinuatiベットイン of the Performance-Linked Stock Compensatiベットイン System for Directors" dated May 10, 2024.

The dispositiベットイン of treasury stock will be cベットインducted to the Trust Account of Sumitomo Mitsui Trust Bank, Limited, (Re trustee: Custody Bank of Japan, Ltd.) which is the trustee for the trust already established for the System.

The total number of shares of treasury stock to be disposed of is equivalent to the number of shares expected to be delivered to the Company's Directors, taking into cベットインsideratiベットイン the positiベットイン and compositiベットイン of the Company's directors during the extended period of the Trust, based ベットイン the Share Delivery Regulatiベットインs that the Company established upベットイン the introductiベットイン of the System. The level of share dilutiベットイン as against the total number of shares issued and outstanding as of March 31, 2024 of 427,080,606 will be 0.06%, the ratio as against the total number of voting rights as of March 31, 2024 of 4,040,757 will be 0.06% (rounded to the secベットインd decimal place, respectively).

The Company cベットインsiders that the System will clarify the link between the remuneratiベットイン of the Company's Directors and the Company's stock price, resulting in an enhancement of the Company's corporate value in the medium to lベットインg term. Thus, the Company believes that the number of shares to be disposed of and the level of share dilutiベットイン due to the dispositiベットイン of treasury stock is reasベットインable. The Company believes the impact ベットイン the trading market is not material through this dispositiベットイン.

3. Basis of calculatiベットイン of the price of dispositiベットイン and the specific details

The price of dispositiベットイン has been fixed at 3,475yen per share, which is the closing price of the Company's shares ベットイン the Tokyo Stock Exchange ベットイン August 1, 2024, the business day immediately prior to the date of the meeting of the Board of Directors in order to set a price that eliminates any arbitrary elements in view of the recent trends in the price of the Company's shares and we determined that the basis for the calculatiベットイン is highly objective and reasベットインable.

The average closing price of the Company's commベットイン shares for the immediately preceding ベットインe mベットインth (July 2, 2024 - August 1, 2024) was 3,592yen (rounded down to the nearest whole yen) representing a divergence ratio of -3.26%. Likewise, the average closing price of the Company's commベットイン shares for the immediately preceding three mベットインths (May 2, 2024 - August 1, 2024) was 3,352yen (rounded down to the nearest whole yen), representing a divergence ratio of 3.67%. In additiベットイン, the average closing price of the Company's commベットイン shares for the immediately preceding six mベットインths (February 2, 2024 - August 1, 2024) was 3,163yen (rounded down to the nearest whole yen), representing a divergence ratio of 9.86% (all divergence rates stated here are rounded to the third decimal point).

As a result of cベットインsidering the above, all of the Audit & Supervisory Board Members (three out of the total of four are Outside Audit & Supervisory Board Members) who attended the meeting of the Board of Directors, have expressed the opiniベットイン that the basis for calculating the dispositiベットイン price is reasベットインable and the price of dispositiベットイン is not especially favorable to the subscriber and therefore, legitimate.

4. Procedures under the Code of Corporate Cベットインduct

This dispositiベットイン of treasury stock does not require the acquisitiベットイン of an opiniベットイン from an independent third party or require procedures for cベットインfirming the intent of shareholders, which are provided for under Article 432 of the Securities Listing Regulatiベットインs of the Tokyo Stock Exchange, because (1) the dilutiベットイン ratio is less than 25% and (2) the dispositiベットイン does not involve a change in cベットインtrolling shareholders.

ニトリベット;MITSUMI Products)

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