Minebea Mitsumi : Notice regarding Repurchase of Own Shares
November 20, 2018 at 06:09 am
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Nov.20, 2018
MINEBEA MITSUMI Inc.
MINEBEA MITSUMI Inc. hereby announces that its Board of Directors has resolved at a meeting held on November 20, 2018 to repurchase its own shares pursuant to Section 1 of Article 459 of the Company Law.
1. Reason for Repurchase
In order to improve return on shareholders and improve capital efficiency and to implement agile capital policy according to the business environment.
2. Details of Repurchase
(1) Type of shares to be repurchased:
Shares of common stock of MINEBEA MITSUMI Inc.
(2) Aggregate number of shares to be repurchased:
Up to a maximum of 6.3 million shares
(Ratio of aggregate number of shares to be repurchased to number of shares outstanding (excluding own shares): 1.49%)
(3) Aggregate amount of repurchase:
Up to a maximum of 11 billion 655 million yen
(4) Period of repurchase:
From November 21, 2018 to December 20, 2018
Number of shares outstanding (excluding own shares):
Takayuki Ishikawa
General Manager
Corporate Communications Office
Phone:
+81-(0)3-6758-6703
Information in the press releases is current on the date of the announcement.
Product information, contact and other context are subject to change without prior notice.
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Minebea Mitsumi Inc. published this content on 20 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 November 2018 06:08:08 UTC
MinebeaMitsumi Inc. is one of the world's leaders of design, manufacturing and marketing of high precision equipments and components for telecommunications, aviation, automotive industry and electronic sectors. Net sales break down by family of products as follows:
- semiconductors, optical devices, mechanical and electrical components (38.2%);
- electronic devices and components (33%): lighting devices for LCD screens, hard disk drives, special devices, etc.;
- machined components (15.8%) : ball bearings, pivots, spherical bearings, fasteners, couplers, magnetic brakes, etc.;
- automotive, industrial machinery and building components (12.9%);
- other (0.1%).
MINEBEAMITSUMI INC. 
