2014

Apr.1, 2014

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Minebea Co., Ltd.

Notice regarding Completion of Joint Venture Establishment with Iwasaki Electric Co., Ltd. and Koizumi Lighting Technology Corp. for the Development of Lighting Equipment

Minebea Co., Ltd. ("Minebea") made an announcement of the "Notice on Joint Venture Establishment with Iwasaki Electric Co., Ltd. and Koizumi Lighting Technology Corp. for the Development of Lighting Equipment" on February 3, 2014, stating that Minebea had entered into the Memorandum of Understanding to establish a new joint venture company (the "JV Company") with Iwasaki Electric Co., Ltd. (Head Office: Chuo-ku, Tokyo, Representative: Bunya Watanabe (President and Representative Officer)), and Koizumi Lighting Technology Corp. (Head Office: Osaka City, Osaka Prefecture, Representative: Teruyuki Umeda; (President and Chief Executive Officer)) with the aim of developing lighting systems to be used in the "Smart Buildings" and "Smart Cities".
Minebea completed as of today the establishment of such JV Company, the details of which are explained as follows:

1. Outline of the JV Company

(1) Company name MIK Smart Lighting Network Corporation
(2) Location of Head Office 4106-73 Oaza Miyota, Miyota-machi, Kitasaku-gun, Nagano
(3) Location of Tokyo Office 3-9-6 Mita, Minato-ku, Tokyo
(4) Representative Shinichi Yamamura (President and Representative Director)
(5) Principal business line Contracted development of lighting products and entrusted business associated with the formulation of strategies relating to manufacture and sales of such products
(6) Capital 50 million yen (*the amount of capital reserve is 50 million yen)
(7) Establishment April 1, 2014
(8) Financial closing date March 31
(9) Share holding ratio Minebea Co., Ltd. – 51%, Iwasaki Electric Co., Ltd. – 24.5%, Koizumi Lighting Technology Corp. – 24.5%
(10) Relationships with Minebea Capital relationships: Minebea's consolidated subsidiary.
Personnel relationships: Minebea's employees hold the posts of two members of the Board of Directors and one Corporate Auditor of the JV Company.

2. Overview of JV partners

<Iwasaki Electric Co., Ltd.>
(1) Company name Iwasaki Electric Co., Ltd.
(2) Location of Head Office Bakurocho-daiichi Bldg. 1-4-16, Nihonbashi-bakurocho, Chuo-ku, Tokyo
(3) Representative Bunya Watanabe (President and Representative Director)
(4) Principal business line Manufacture and sales of various light sources, light fixtures and applied optics (ultraviolet, infrared and electronic beam applications, etc.)
(5) Capital 8,640 million yen
(6) Establishment August 18, 1944
(7) Number of employees 1,033 (Non-consolidated) (as of March 31, 2013)
2,120 (Consolidated) (as of March 31, 2013)
(8) Relationships with Minebea Capital relationships & personnel relationships, etc.: None
<Koizumi Lighting Technology Corp.>
(1) Company name Koizumi Lighting Technology Corp.
(2) Location of Head Office 3-3-7, Bingo-machi, Chuo-ku, Osaka
(3) Representative Teruyuki Umeda (President and CEO)
(4) Principal business line Development, manufacture, planning and sales of lighting fixtures
(5) Capital 450 million yen
(6) Establishment April 1, 2006
(7) Number of employees 596 (as of March 31, 2013)
(8) Relationships with Minebea Capital relationships & personnel relationships, etc.: None

3. Future outlook

Impacts on the consolidated results of the Minebea Group due to and arising out of this transaction are yet to be determined at present.

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)3-6758-6703
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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