MinebeaMitsumi : Notice regarding Repurchase of Own Shares (Repurchase of Own Shares pursuant to Section 1 of Article 459 of the Company Law)
August 04, 2021 at 02:06 am EDT
Share
August 4, 2021
To whom it may concern:
Company Name: MINEBEA MITSUMI Inc.
Representative: Yoshihisa Kainuma
Representative Director,
CEO & COO
(Code No. 6479, TSE Div. No. 1)
Contact:Takayuki Ishikawa
General Manager
Corporate Communications and
Investor Relations Office
Phone:+81-(0)3-6758-6703
Notice regarding Repurchase of Own Shares
(Repurchase of Own Shares pursuant to Section 1 of Article 459 of the Company Law)
MINEBEA MITSUMI Inc. hereby announces that its Board of Directors has resolved at a meeting held on August 4, 2021 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 3.0 million shares
(Ratio of aggregate number of shares to be repurchased
to number of shares outstanding (excluding own shares):
0.74%)
(3)
Aggregate amount of repurchase:
Up to a maximum of 10 billion yen
(4)
Period of repurchase:
From August 5, 2021 to October 29, 2021
(Reference) Situation of own shares as of June 30, 2021:
Number of shares outstanding
(excluding own shares):
406,025,921 shares
Number of own shares:
21,054,685 shares
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Minebea Mitsumi Inc. published this content on 04 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2021 06:05:06 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%).