Minebeamitsumi Inc. · TSE:6479
Minebeamitsumi — Merger or Acquisition (November 2018)
21 slides from Minebeamitsumi's merger presentation, Nov 7, 2018
Slide 1: Integration of MinebeaMitsumi and U-Shin through tender offer
Integration of MinebeaMitsumi and U-Shin through tender offer November 7, 2018 MinebeaMitsumi Inc. U-Shin Ltd. Yoshihisa Kainuma Kanae Okabe Representative Director, President, CEO & COO Representative Director
Slide 2: Agenda
Agenda 1. Opening remarks from the Representatives of MinebeaMitsumi and U-Shin 2. Overview of the Companies 3. The Companies’ Business Domain － Strong affinity in the Automobiles field and Home Security Units field 4. U-Shin’s Synergy － Taking cutting edge system products into business by utilizing
Slide 3: Overview of MinebeaMitsumi
Overview of MinebeaMitsumi Company MinebeaMitsumi Inc. Origin of Our Competitiveness Premium quality manufacture by ultra high-precision Established July 16, 1951 machining technology Vertically integrated manufacturing system from material Capital 68.3 billion yen processing to assembly High
Slide 4: Overview of U-Shin
Overview of U-Shin Company U-Shin Ltd. Security/Safety “Trustworthy Company” Established July 1, 1926 Production network to automobile manufacturers worldwide Abundant know-how for business with automobile manufacturers Capital 15.2 billion yen Cutting edge engineering such as model-based deve
Slide 5: The Companies' Business Domain
The Companies’ Business Domain Creating synergies in strong affinity fields IT Fields of High Affinity PC Peripheral Industrial Machinery Industry Infrastructure Automobile Home Appliances Home Security Machine Tools Healthcare Robotics Medical Aircraft 4
Slide 6: U-Shin's Synergy
U-Shin’s Synergy Strengthening cutting edge products and cost competitiveness by MinebeaMitsumi technologies OEM (Automobiles / Industrial machinery / Housing equipment) Cutting edge New products of the IoT, Highly cost competitive new products to IoE generation products meet OEM’s needs System pr
Slide 7: U-Shin's Technological Synergy: E-Access
U-Shin’s Technological Synergy Integrated system design Cutting edge IoT technology E-Access (Door control system) Cutting edge IoT technology Communication Antenna Sensors Coils Semiconductors modules components Installation rate rise Integrated system design Manual Electrification Connected 6
Slide 8: MinebeaMitsumi's Synergy
MinebeaMitsumi’s Synergy Expand presence in the automobile industry Tier 1 level sales force and Create global manufacturing sites technological synergy Highly skilled methods of Enhance competitiveness functional safety and by vertical integration quality control Leverage auto technology to the hou
Slide 9: Expand Presence in the Automobile Industry
Expand Presence in the Automobile Industry U-Shin’s Customers Industrial Equipment Home Security Automotive Division Division Units Division Agricultural Construction Construction Materials, Automobile, Bus and Truck Machinery Machinery Building Materials Mazda Suzuki Mitsubishi Kubota Komatsu LIXIL
Slide 10: Global Manufacturing Sites
Global Manufacturing Sites ”Time to Market” by optimum global manufacturing 29.0 M units : MinebeaMitsumi : U-Shin 30% 22.0 M units 17.5 M units 23% China 13.8 M units 18% 14% 欧州 Europe 日本・韓国 Japan/Korea North北米 America MinebeaMitsumi utilizing U-Shin’s sites CY2017 10.5 M units U-Shin utilizing Min
Slide 11: Share Tier 1 Level Sales Force
Share Tier 1 Level Sales Force Building a new proposal-based sales model 26 countries / 50 bases over 30 OEMs worldwide Global sales force of 2,000 Highly skilled sales personnel Long- standing business relationships Global sales operations with OEMs worldwide 10
Slide 12: Create Technological Synergy
Create Technological Synergy Creating new values with new products/services by “INTEGRATING” each other’s core technologies 8 Core Technologies Technical Capabilities Synergy of the “INTEGRATION” that meet OEMs’ needs and recombination Ultra high-precision MEMS System and mechatronic products
Slide 13: Enhance Competitiveness by Vertical Integration
Enhance Competitiveness by Vertical Integration Decorating Automobile Decorative Technology Components Antennas Know-how for color variation Molding, Painting, Color Adjusting Technology Mountable Painting Technology on various models High Performance Automotive Antennas Shark-fin antennas GPS anten
Slide 14: Leverage Auto Technology to Housing field
Leverage Auto Technology to Housing field Smart House / Smart Building Energy Saving Convenience Safety Sensor Light Lock Wireless Network Connection Smart Phone Access 13
Slide 15: Smart House Vision of MinebeaMitsumi
Smart House Vision of MinebeaMitsumi Control WiFi Infrared Home Appliance Weather Z-Wave Information SALIOT STB Camera BLE BLE Sensors Smart Control BLE Beacon Lock WiFi BOX Security Router Tag WAN Output Button Crowd HDMI Battery Safety Delivery BOX 14
Slide 16: Achievement of U-Shin
Achievement of U-Shin Integration enables 2nd stage of ”Challenge for Turnaround” Operating Bar Chart (Billions of yen) Income Net Sales Line Chart (Billions of yen) 168.6 (Billions of yen) 1,800 180 （*155.6） 100 10 164.2 155.9 153.8 151.0 157.9 160 1,600 990 140 880 1,400 Achieving 770 1,200 120 in
Slide 17: Achievement of MinebeaMitsumi Group
Achievement of MinebeaMitsumi Group “Difference” between the two is the key to growth, achieving mid- to long-term goals in advance (Billions of yen) Net sales 14,000 Integration of 1 trillion yen 1,400 MinebeaMitsumi and U-Shin Conquering Matterhorn 12,000 1,200 Integration of Minebea and 10,000 1,
Slide 18: Accelerate Turnaround of U-Shin's European Business
Accelerate Turnaround of U-Shin’s European Business U-Shin and MinebeaMitsumi together increasing sales and improving productivity 1. “Monozukuri” (Manufacturing) High-precision and high-performance parts In-house Production Automation 2. Management Human resources support 3. Sales Cross-s
Slide 19: Overview of the Tender Offer
Overview of the Tender Offer MinebeaMitsumi has announced planned commencement of the tender offer on U-Shin* U-Shin has expressed an endorsing opinion of planning to support the tender offer Date of resolution of board of directors November 7, 2018 Tender offer price JPY 985 per share of common sto
Slide 20: (Reference) Financial Information of the Companies
(Reference) Financial Information of the Companies (Millions of yen) Company MinebeaMitsumi U-Shin FY FY3/2016 FY3/2017 FY3/2018 FY11/2015 FY11/2016 *FY12/2017 Net Sales 609,814 638,926 879,139 164,229 153,894 168,632 Operating income 51,438 49,015 79,162 4,715 3,269 5,397 Ordinary income 46,661 48,
Slide 21: Forward-looking statements
Forward-looking statements This document includes “forward-looking statements” that reflect the plans and expectations of MinebeaMitsumi and U-Shin in relation to, and the benefits resulting from, their business integration described above. To the extent that statements in this document do not relat
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