2023
Aug.4, 2023
MINEBEA MITSUMI Inc.
Notice regarding Repurchase of Own Shares
(Repurchase of Own Shares pursuant to Section 1 of Article 459 of the Company Law)
MINEBEA MITSUMI Inc. hereby announces that its Board of Directors has resolved at a meeting held on August 4, 2023 to repurchase its own shares pursuant to Section 1 of Article 459 of the Company Law.
1. Reason for Repurchase
In order to improve return on shareholders and improve capital efficiency and to implement agile capital policy according to the business environment.
2. Details of Repurchase
| (1) Type of shares to be repurchased: | Shares of common stock of MINEBEA MITSUMI Inc. |
|---|---|
| (2) Aggregate number of shares to be repurchased: | Up to a maximum of 4.0 million shares (Ratio of aggregate number of shares to be repurchased to number of shares outstanding (excluding own shares): 0.98%) |
| (3) Aggregate amount of repurchase: | Up to a maximum of 10 billion yen |
| (4) Period of repurchase: | From August 7, 2023 to December 22, 2023 |
| Number of shares outstanding (excluding own shares): | 408,380,960 shares |
|---|---|
| Number of own shares: | 18,699,646 shares |
| Company Name: | MINEBEA MITSUMI Inc. |
|---|---|
| Representative: | Yoshihisa Kainuma Representative Director, Chairman CEO (Code No. 6479, TSE Prime Market) |
| Contact: | Yasuo Komine General Manager Corporate Communications and Investor Relations Office |
| Phone: | +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.
Product information, contact and other context are subject to change without prior notice.
