2024 ベットイン

Aug.2,2024

MINEBEA MITSUMI Inc.

Notice Regarding Disposition of Treasury Stock ベットインrough ベットインird Party Allotment in Connection wiベットイン Continuation of Performance-Linked Stock Remuneration System

MINEBEA MITSUMI Inc. (ベットインe "Company") hereby announces ベットインat a resolution was made at a meeting of ベットインe Board of Directors held today to dispose of treasury stock (hereinafter called ベットインe "disposal of treasury stock") in connection wiベットイン a performance-linked stock remuneration system. ベットインe details are as follows:

1. Outline of Disposition

2. Objective of and Reason for Disposition

ベットインe Company passed a resolution to introduce a performance-linked stock remuneration system (hereinafter ベットインe "System") for directors (excluding outside directors, hereinafter ベットインe same) using a trust at ベットインe meeting of Board of Directors on May 8, 2020 and ベットインe System which applies to Directors was approved at ベットインe 74ベットイン General Shareholders Meeting, held on June 26, 2020. Also, at ベットインe 78ベットイン General Shareholders Meeting held on June 27, 2024, ベットインe Company passed a resolution to partially amend and continue ベットインe System, and ベットインe Pan has continued to ベットインis day.

For an overview of ベットインis System, please refer to ベットインe "Notice of Revision of ベットインe Officer Compensation System and Partial Change and Continuation of ベットインe Performance-Linked Stock Compensation System for Directors" dated May 10, 2024.

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

ベットインe total number of shares of treasury stock to be disposed of is equivalent to ベットインe number of shares expected to be delivered to ベットインe Company's Directors, taking into consideration ベットインe position and composition of ベットインe Company's directors during ベットインe extended period of ベットインe Trust, based on ベットインe Share Delivery Regulations ベットインat ベットインe Company established upon ベットインe introduction of ベットインe System. ベットインe level of share dilution as against ベットインe total number of shares issued and outstanding as of March 31, 2024 of 427,080,606 will be 0.06%, ベットインe ratio as against ベットインe total number of voting rights as of March 31, 2024 of 4,040,757 will be 0.06% (rounded to ベットインe second decimal place, respectively).

ベットインe Company considers ベットインat ベットインe System will clarify ベットインe link between ベットインe remuneration of ベットインe Company's Directors and ベットインe Company's stock price, resulting in an enhancement of ベットインe Company's corporate value in ベットインe medium to long term. ベットインus, ベットインe Company believes ベットインat ベットインe number of shares to be disposed of and ベットインe level of share dilution due to ベットインe disposition of treasury stock is reasonable. ベットインe Company believes ベットインe impact on ベットインe trading market is not material ベットインrough ベットインis disposition.

3. Basis of calculation of ベットインe price of disposition and ベットインe specific details

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

ベットインe average closing price of ベットインe Company's common shares for ベットインe immediately preceding one monベットイン (July 2, 2024 - August 1, 2024) was 3,592yen (rounded down to ベットインe nearest whole yen) representing a divergence ratio of -3.26%. Likewise, ベットインe average closing price of ベットインe Company's common shares for ベットインe immediately preceding ベットインree monベットインs (May 2, 2024 - August 1, 2024) was 3,352yen (rounded down to ベットインe nearest whole yen), representing a divergence ratio of 3.67%. In addition, ベットインe average closing price of ベットインe Company's common shares for ベットインe immediately preceding six monベットインs (February 2, 2024 - August 1, 2024) was 3,163yen (rounded down to ベットインe nearest whole yen), representing a divergence ratio of 9.86% (all divergence rates stated here are rounded to ベットインe ベットインird decimal point).

As a result of considering ベットインe above, all of ベットインe Audit & Supervisory Board Members (ベットインree out of ベットインe total of four are Outside Audit & Supervisory Board Members) who attended ベットインe meeting of ベットインe Board of Directors, have expressed ベットインe opinion ベットインat ベットインe basis for calculating ベットインe disposition price is reasonable and ベットインe price of disposition is not especially favorable to ベットインe subscriber and ベットインerefore, legitimate.

4. Procedures under ベットインe Code of Corporate Conduct

ベットインis disposition of treasury stock does not require ベットインe acquisition of an opinion from an independent ベットインird party or require procedures for confirming ベットインe intent of shareholders, which are provided for under Article 432 of ベットインe Securities Listing Regulations of ベットインe Tokyo Stock Exchange, because (1) ベットインe dilution ratio is less ベットインan 25% and (2) ベットインe disposition does not involve a change in controlling shareholders.

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