Minebea Mitsumi : Notice regarding the Repurchase Status of Own Shares
July 05, 2017 at 02:05 am EDT
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Jul.5, 2017
MINEBEA MITSUMI Inc.
MINEBEA MITSUMI Inc. hereby announces the repurchase status of its own shares pursuant to Section 1 of Article 459 of the Company Law, as resolved on February 13, 2017 at the Board Meeting.
1. Type of shares repurchased:
Shares of common stock of MINEBEA MITSUMI Inc.
2. Aggregate number of shares repurchased:
0 shares
3. Aggregate amount of repurchase:
0 yen
4. Period of repurchase:
From June 1, 2017 to June 30, 2017
(Reference)
1. Details of the resolution on the repurchase of own shares at the Board Meeting on February 13, 2017
(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 12 million shares
(Ratio of aggregate number of shares to be repurchased to number of shares outstanding (excluding treasury shares): 2.82%)
(3) Aggregate amount of repurchase:
Up to a maximum of 15 billion yen
(4) Period of repurchase:
From February 14, 2017 to September 22, 2017
2. Cumulative total of own shares repurchased in accordance with the above resolution
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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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%).