May 17, 2011
Minebea Co., Ltd.
Notice regarding Repurchase of Own Shares
(Repurchase of Own Shares pursuant to Section 2 of Article 165 of the Company Law)
In accordance with Article 370 of the Company Law (resolution by documents instead of resolution by board meetings), Minebea Co., Ltd. ("Minebea") hereby announces that on May 17, 2011, its Board of Directors resolved the repurchase of its own common shares pursuant to Article 156 of the Company Law, in accordance with Section 3 of Article 165 of the said law, as described below.
1. Reason for Repurchase
To make it possible to carry out an agile capital policy in response to changes in the business environment.
2. Details of Repurchase
|(1) Type of shares to be repurchased:||Shares of common stock of Minebea Co., Ltd.|
|(2) Aggregate number of shares to be repurchased:||Up to a maximum of 5 million shares
(Ratio of aggregate number of shares to be repurchased to number of shares outstanding (excluding treasury shares): 1.30%)
|(3) Aggregate amount of repurchase:||Up to a maximum of 2.1 billion yen|
|(4) Period of repurchase:||From May 23, 2011 to November 22, 2011|
|Number of shares outstanding (excluding treasury shares):||383,925,940 shares|
|Number of treasury shares:||15,241,755 shares|
|Company Name:||Minebea Co., Ltd.|
President and Chief Executive Officer
(Code No. 6479, TSE Div. No.1)
Corporate Communications Office
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