Minebeamitsumi — Merger or Acquisition (August 2025)

5 slides from Minebeamitsumi's merger presentation, Aug 18, 2025

Slide 1: Background of the price change
My name is Kainuma, and I would like to explain the background of the price change. 1
Slide 2: Tender offer price changed from 5,500 to 6,200 yen
As has been announced, the tender offer period is scheduled to end on August 28th. We have now changed the offer price from 5,500 yen to 6,200 yen per share. This brings the total value of the tender offer to 93 billion yen. 2
Slide 3: Reasons behind the price change
There are several reasons behind this price change. First is the unusual situation in which the review period has been extended twice. Under the current law, if the Council is convened, there is a possibility that the review could continue until November 1st at the latest. While we trust that the Ja
Slide 4: Why the price of 6,200 yen was chosen
Next, I would like to address the question of why we chose the price of 6,200 yen. While calculations using the DCF method indicated the potential for a slightly higher price, a thorough re-examination of our expected synergies and SHIBAURA ELECTRONICS' business plan led us to conclude that 6,200 ye
Slide 5: Closing and questions
That concludes my explanation. I would now like to take your questions. 5