Corporate Tax Policy

MinebeaMitsumi Group Tax Policies

Basic tax policy

The Five Principles of the MinebeaMitsumi Group's company credo require that we: (1) "Be a company where our employees are proud to work;" (2) "Earn and preserve the trust of our valued customers;" (3) "Respond to our shareholders' expectations;" (4) "Work in harmony with the local community;" and (5) "Promote and contribute to global society." In accordance with the Five Principles, our basic management policy is to fulfill our social responsibilities and maximize corporate value for employees, shareholders, business partners, local and global communities, and other stakeholders. We are committed to a high-degree of transparency in management. In accordance with the MinebeaMitsumi Group's basic tax policy, this means fulfilling our tax obligations appropriately in all countries and regions where we do business.

1. Legal Compliance

The MinebeaMitsumi Group files tax returns properly and pays taxes in compliance with all laws and regulations in the countries and regions where we do business.

2. Management of Tax Risk

The MinebeaMitsumi Group defines tax risk as "the risk of unnecessary taxation due to differences in interpretation with tax authorities that results in a loss of corporate value." The MinebeaMitsumi Group strives to minimize this risk. With regard to international transactions in particular, the group takes appropriate management steps, considering tax risk in advance and consulting with tax experts and tax authorities as necessary.

3. Tax Measures

The MinebeaMitsumi Group strives to generate cash flow within the scope of laws and regulations, utilizing preferential tax treatment and tax treaties as stipulated by the laws and regulations of the countries and regions where we conduct business. The group does not employ tax strategies that involve the establishment of business entities for the purpose of tax avoidance.

4. Relationships with Tax Authorities

The MinebeaMitsumi Group responds sincerely to any tax audits and builds constructive relationships with the tax authorities in the countries and regions where we do business.

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