2019

Aug.7, 2019

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MINEBEA MITSUMI Inc.

Notice of Changes in Specified Subsidiary

MINEBEA MITSUMI Inc. (the "Company") hereby announces the following change in a specified subsidiary.

Description

1. Reason for the Change

On April 10, 2019, the Company acquired 76.2% of the voting rights of U-Shin Ltd. (hereinafter "U-Shin") and made U-Shin a subsidiary of the Company. In addition, the Company acquired 100% of the voting rights at the date when the consolidation of shares became effective as of August 7, 2019.
As a result, U-Shin Slovakia s.r.o., a subsidiary of U-Shin Holdings Europe B.V., which is a 100% owned foreign subsidiary of U-Shin, has become a specified subsidiary as the amount of its capital is more than 10 percent of the capital of the Company.

2. Outline of the Subsidiary to be changed

(1) Company Name U-Shin Slovakia s.r.o.
(2) Address K letisku Budova 1329, Košice 040 17, Slovakia
(3) Name of Representative Tatsuya Mori, Peter Kretovic, Director
(4) Description of Businesses Manufacture and sales of automotive parts
(5) Capital 58,755 thousand EUR (7,319 millions of yen)
(6) Date of Incorporation May 24, 2013
(7) Major shareholders and shareholding ratio U-Shin Holdings Europe B.V. 100% (direct ownership)
(8) Relationship between the Company and the Subsidiary Capital relationship The Company has 100% of the voting rights of U-shin, the parent company of the Subsidiary.
Personnel relationship Not applicable.
Business relationship Not applicable.
(9) Operating results and financial position of the Subsidiary for the past three years
Fiscal year end FY2016 FY2017 FY2018
Net asset (2,455) millions of yen 193 millions of yen (511) millions of yen
Total assets 8,475 millions of yen 8,658 millions of yen 5,979 millions of yen
Net Sales 25,266 millions of yen 26,813 millions of yen 22,757 millions of yen
Ordinary income (loss) (386) millions of yen (404) millions of yen 98 millions of yen
Net income (loss) (1,816) millions of yen (748) millions of yen (711) millions of yen

3. Transfer (Capital)

(1) Before change 58,755 thousand EUR (7,319 millions of yen) (0.0% of voting rights)
(2) After change 58,755 thousand EUR (7,319 millions of yen) (100.0% of voting rights) (As of August 7, 2019)

4. Date of Change

April 10, 2019

5. Future Outlook

This transaction will have no impact on our consolidated financial results for the fiscal year ending March 31, 2020.

Company Name: MINEBEA MITSUMI Inc.
Representative: Yoshihisa Kainuma
Representative Director, CEO & COO
(Code No. 6479, TSE Div. No. 1)
Contact: Shuji Uehara
Director, Senior Managing Executive Officer
Phone: +81-(0)3-6758-6711
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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