2012

Aug.10, 2012

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Minebea Co., Ltd.

Notice Regarding the Conclusion of a Sponsor Agreement with SHICOH CO., LTD.

Minebea Co., Ltd. hereby announces that it has concluded a sponsor agreement as outlined below, with SHICOH CO., LTD. (Tokyo Stock Exchange Mothers Index, Stock Code: 6667, hereafter "SHICOH"), a company that today filed an application with the Tokyo District Court for civil rehabilitation proceedings.

1. Background

SHICOH is presently engaged in the mass production and sale of auto-focus linear motors, which are mostly used in the micro cameras installed in mobile phone, smartphone and multifunctional tablet device. Severe business environment including depreciation cost burden associated with investment in facilities following a substantial decline in orders after September 2011, a sharp rise in the price of raw materials such as rare metals and increased labor costs in China, today resulted in the company filing an application to commence civil rehabilitation proceedings.
Minebea has entered into a sponsor agreement with SHICOH, based on the premise of offering assistance toward the rehabilitation proceedings, in accordance with the said sponsor agreement.

Outline of SHICOH CO., LTD

(1) Name SHICOH CO., LTD.
(2) Principal business
(Products Manufactured & Sold)
Fan motors, vibration motors, auto-focus linear motors
(3) Established July 16, 1976
(4) Location 3-9-6 Chuo Rinkan-Nishi, Yamato-shi, Kanagawa, Japan
(5) Representative Manabu Shiraki, Representative Director and President
(6) Capital JPY3,351.02 million (Year ended December 31, 2011)
(7) Number of employees 6,427 (consolidated number of employees as of June 1, 2011)
(8) Net sales Approximately JPY10.4 billion (Year ended December 31, 2011 results)
(9) Relationships with Minebea None on personnel relationships, capital relationships, others

2. Future Schedule

Minebea plans to conclude a business transfer agreement by around the end of August, 2012.

3. Future Outlook

A separate announcement will be made should any significant impact on future consolidated earnings be identified as a result of the conclusion of this sponsor agreement.

Contact of SHICOH CO., LTD: SHICOH CO., LTD.
http://www.shicoh.com/Open in a new window
3-9-6 Chuo Rinkan-Nishi, Yamato-shi, Kanagawa, Japan
TEL 046-278-3570 / FAX 046-278-3576
Company Name: Minebea Co., Ltd.
Representative: Yoshihisa Kainuma
Representative Director,
President and Chief Executive Officer
(Code No. 6479, TSE Div. No.1)
Contact: Yasuo Komine
General Manager
Corporate Communications Office
Tel: +81-(0)3-5434-8637
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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