May 11, 2022



Notice Regarding Establishment of Green Bond Framework

Minebea Mitsumi Inc. (the Company) hereby announces the establishment of the Green Bond Framework (the Framework.) The aim of the Framework is to raise funds by issuing green bonds for eligible projects in order to further promote initiatives to achieve a sustainable global environment.
The issuance of green bonds will be determined separately in consideration of market conditions and other factors.

1. Purpose and background of establishment of green bond framework

Now more than ever before, companies are being called on to confront environmental and social issues, to bring about a carbon-free society and achieve the Sustainable Development Goals (SDGs). Against such a backdrop, Minebea Mitsumi, as an entity for the public, believes it is important to solve social issues as a component manufacturer, not simply improving profits.
In response, the Company has set out "QCDESS™", adding "Eco/Efficiency and Speed" to "QCDS" (Quality, Cost, Delivery and Service), as a management strategy to lay a solid foundation for the Company's 100th year in 2051. The Company aims to contribute to improving global environment and develop a sustainable society through its corporate activities based on the management strategy centered on developing, manufacturing and selling products that are environmentally friendly and efficient, in addition to quality, cost, delivery and service.
Specifically, measures of two pillars in the QCDESS strategy are 1) Challenges to carbon neutrality by introducing renewable energy and energy saving activities and 2) promoting "MMI Beyond Zero" to contribute to global carbon neutrality by improving energy-saving efficiency of the Company's products. Particularly, the Company believes it is beneficial to the society to utilize ultra-precision technologies from ball bearings to semiconductors because it is said that half of the power consumed globally is for motors. The Company contributes to the reduction of global CO2 emission volume by working to reduce its own CO2 emissions as well as by reducing the CO2 emission volume by customers around the world who use the Company's components.
Minebea Mitsumi will contribute to realizing a sustainable global environment by investment in procuring decarbonized power sources to achieve carbon neutrality and projects to improve energy efficiency of the Company's products, utilizing proceeds from the Green Bond offering based on the Framework.
The Framework is aligned with the Green Bond Principles 2021 of the International Capital Market Association (ICMA) and the Green Bond Guidelines 2020 of the Ministry of the Environment. The Framework is rated Green 1 (F), the highest rating, in "JCR Green Bond Framework Evaluation" by Japan Credit Rating Agency, Ltd., a third-party evaluation organization. The Company has mandated Nomura Securities Co., Ltd. as structuring agent, which supports the Green Bond issuance, including designing the Framework and providing advice to acquire the evaluation by the third-party organization.

2. Eligible projects to be funded under the Green Bond Framework

Under the Green Bond Framework, proceeds will be allocated to finance following eligible projects

Business Categories ICMA GBP Categories Eligible Projects
Production and Research and Development of ball-bearings
  • Eco-efficient and / or circular economy adapted products, production technologies and processes
Capital investment for production facilities of following products and for research and development
  • Power-saving high quality bearings
  • Ultra-high performance bearings
    <Expected final usage>
    • Fan motors used in data centers
    • High-end home appliances
      (e.g. Air conditioners)
  • Clean Transportation
Capital investment for production facilities of following products and for research and development
  • Bearings for main motors of EVs
    <Expected final usage>
    • xEV
Procurement of decarbonized power sources
  • Renewable Energy
Capital investment to transfer to clean energy to be used in the Company's business activities and to purchase renewable energy
  • Introduction, operation and maintenance of solar energy to the Company's facilities
  • Purchasing renewable energy

JCR Green Bond Framework Evaluation Results:

JCR Green Bond Framework Evaluation Results (1.88MB/20pages)

Details of the Green Bond Framework:

MinebeaMitsumi Green Bond Framework (940KB/9pages)

Note: This press release has been prepared for the sole purpose of publicly announcing the Company's establishment of green bond framework, and not for the purpose of soliciting investment or engaging in any other similar activity.

Media inquiries Corporate Communications and Investor Relations Office
Phone: +81-(0)3-6758-6703
E-mail: koffice@minebeamitsumi.com
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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