August 4, 2021
To whom it may concern:
Company Name: MINEBEA MITSUMI Inc.
Representative: Yoshihisa Kainuma
Representative Director,
CEO & COO
(Code No. 6479, TSE Div. No. 1)
Contact:Takayuki Ishikawa
General Manager
Corporate Communications and
Investor Relations Office
Phone:+81-(0)3-6758-6703
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, 2021 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 3.0 million shares | ||
(Ratio of aggregate number of shares to be repurchased | |||
to number of shares outstanding (excluding own shares): | |||
0.74%) | |||
(3) | Aggregate amount of repurchase: | Up to a maximum of 10 billion yen | |
(4) | Period of repurchase: | From August 5, 2021 to October 29, 2021 | |
(Reference) Situation of own shares as of June 30, 2021: | |||
Number of shares outstanding | |||
(excluding own shares): | 406,025,921 shares | ||
Number of own shares: | 21,054,685 shares |
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