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    6479   JP3906000009

MINEBEAMITSUMI INC.

(6479)
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MinebeaMitsumi : Donates to Single-Parent Support Organization

07/15/2021 | 02:05am EDT

To whom it may concern:

July 15, 2021

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

MinebeaMitsumi Donates to Single-Parent Support Organization Project to Commemorate 70th Anniversary of Incorporation

MinebeaMitsumi Inc. (hereinafter referred to as "MinebeaMitsumi" or the "Company") plans to make donations to a certified NPO, Single Mothers Forum, considering the circumstances of prolonged coronavirus pandemic nationwide. We will first make a donation of 50 million yen and plan to donate up to 100 million yen to help support the families of single parents with high school children.

Established as Nippon Miniature Bearing Co., Ltd. on July 16, 1951, the Company changed its name to Minebea Co., Ltd. and MinebeaMitsumi Inc. We are celebrating its 70th anniversary this year. With our donations, we would like to express our deepest sympathies to all those who are having difficult times due to the outbreak of new coronavirus.

Use of donations "We Support High School Students! Project (high school student learning support)" For30,000 yen of learning support will be provided for about 1,500 low-income single-parenthouseholds

with high school students nationwide in Japan.

Eligibility criteria for low-incomesingle-parent households: Households that are exempt from resident tax or households with equivalent income

Call for application

Call given to about 4,000 members of Single Mothers Forum e-mail newsletter readers

Call to single-parent families nationwide through the Single Mother Support Dantai Zenkoku Kyogikai

Application period:

After July 20, details will be announced on the official website of Single Mothers Forum.

Left: Chieko Akaishi, President of NPO "Single Mothers Forum"

From left: Junko Murakami NPO "Single Mothers Forum" / Chieko Akaishi, President of

Right: Yoshihisa Kainuma, Representative Director, CEO&COO of

NPO "Single Mothers Forum" / Yoshihisa Kainuma, Representative Director, CEO&COO

MinebeaMitsumi

of MinebeaMitsumi / Motohide Ishigami, Executive Officer of MineteaMitsumi

About Single Mothers Forum

Established in 1980 as a voluntary organization by a group of single mothers to improve the child-rearing allowance system. After that, the organization expanded its activities and became an NPO in 2002. In 2018, the organization became a certified NPO, recognized as an organization with high public interest by the Tokyo Metropolitan Government. With the vision of "If mothers are well, children will be happy," the organization provides employment support, consultation services, information dissemination, policy proposals to the national and local governments, and provision of school admission congratulatory money to single mothers and single fathers and encourage single parents to live brightly and happily with their children, and support them to play an active role in society. Since March 2020 during the COVID pandemic, the organization has continued their utmost efforts and provided food assistance to more than 24,000 households.

About MinebeaMitsumi Group

MinebeaMitsumi is an INTEGRATED* manufacturer of high-precision components that handles various mechanical and electronic devices and components such as bearings that smooth the rotation of machines, motors, sensors, and semiconductors.

Our ultra-precision technology is used in a wide range of fields including home electronics such as air conditioners, vacuum cleaners, dryers, game consoles; information devices such as smartphones and PC products, personal computers; automobiles, aviation, and space products; and medical equipment. We support people lives in areas that are not in plain view.

  • INTEGRATION means "combining" rather than "simple gathering" of the Company's proprietary technologies to evolve the "core products" and to create new products in various fields through the INTEGRATION of our advanced technology.

At the time of the Great East Japan Earthquake, we established the "Minebea Scholarship Fund for Orphans of the Great East Japan Earthquake" and have provided school attendance aid to 138 orphans over the past 10 years. Also, during the outbreak of coronavirus, MinebeaMitsumi donated medical masks, goggles, clean suits, nitrile gloves, etc. that we had stockpiled for disasters to the Japan Medical Association and medical institutions in Japan and overseas to be used at the forefront of medical care.

Established

July 16, 1951

Capital

68,258 million yen (As of March 31, 2021)

Representative

Yoshihisa Kainuma, Representative Director, CEO & COO

Outline of Business

Machinery Components Business, Electronic Devices and Components Business

Automotive, Industrial Machinery and Home Security Unit Business

Common Stock Listings

Tokyo

Consolidated Net Sales

MinebeaMitsumi Group 988,424 million yen (April 1, 2020 - March 31, 2021)

Consolidated Number of Employees

Approximately 100,000 people

Number of business sites 27 countries, Manufacturing/R&D sites: 93, Sales sites: 91, Total: 184 sites

Website

www.minebeamitsumi.com

Application inquiries:

Certified NPO Single Mothers Forum

Phone: 03-3263-1519E-mail:info@single-mama.com

Website: www.single-mama.com/

Media inquiries:

Corporate Communications and Investor Relations Office

Phone: +81-(0)3-6758-6703

Mail: koffice@minebeamitsumi.com

Disclaimer

Minebea Mitsumi Inc. published this content on 15 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2021 06:04:29 UTC.


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Sales 2022 1 084 B 9 897 M 9 897 M
Net income 2022 70 758 M 646 M 646 M
Net Debt 2022 77 021 M 703 M 703 M
P/E ratio 2022 16,9x
Yield 2022 1,36%
Capitalization 1 187 B 10 864 M 10 833 M
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EV / Sales 2023 1,07x
Nbr of Employees 83 011
Free-Float 88,8%
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Number of Analysts 16
Last Close Price 2 930,00 JPY
Average target price 3 533,33 JPY
Spread / Average Target 20,6%
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Yoshihisa Kainuma Chairman, Executive President, CEO & COO
Hidekazu Kudo Executive Officer, Manager-Finance & Accounting
Michiya Kagami Director & General Manager-Technology
Hiroshi Aso Director & Manager-Technology Development
Katsuhiko Yoshida Director & Manager-Business Administration
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