MITSUMI ELECTRIC : Notice on the Adjustment to the Forecast of Business Results and the Recording of Non-Operating Expense (Foreign Exchange Loss)

(Translation)

August 2, 2016

Name of listed company: Mitsumi Electric Co., Ltd. Representative: Shigeru Moribe

President and Representative Director

(Code No. 6767, 1st section of the Tokyo Stock Exchange)

Person to contact: Kunihiro Noguchi

General Manager of General Affairs Dept.

Notice on the Adjustment to the Forecast of Business Results and

the Recording of Non-Operating Expense (Foreign Exchange Loss)

It is hereby notified that Mitsumi Electric Co., Ltd. (the "Company") has made adjustment to the forecast of consolidated business results for the second quarter of the fiscal year ending March 31, 2017 (from April 1, 2016 through September 30, 2016) publicized on

May 10, 2016, as described below.

It is also notified that the Company has recorded a non-operating expense (foreign exchange loss) for the first quarter of the fiscal year ending March 31, 2017 (from April 1, 2016 through June 30, 2016).

Description

1. Adjustment to the forecast of consolidated business results for the second quarter of the fiscal year ending March 31, 2017 (from April 1, 2016 through September 30, 2016):

   Net sales (million yen)	Operating income (million yen)	Recurring income (million yen)	Net income attributable to owners of the parent (million yen)	Net income per share (yen)
   Previous forecast (A)	75,000	(3,200)	(3,700)	(4,000)	(49.26)
   Adjusted forecast (B)	75,000	(3,200)	(5,700)	(6,000)	(73.88)
   Amount of increase or decrease (B-A)	-	-	(-) 2,000	(-) 2,000
   Rate of increase or decrease (%)	-	-	-	-
   (For reference) Previous results (for the second quarter of the year ended March 31, 2016)	83,683	(550)	(693)	(1,246)	(14.62)

   Reasons for the adjustment:

   With regard to the forecast of consolidated business results for the second quarter of the fiscal year ending March 31, 2017, net sales and operating income are expected to remain almost as previously forecasted. However, by taking into consideration the effect of a foreign exchange loss due to the appreciation of the yen during the first quarter of the fiscal year under review, the Company has made adjustment to the forecast of recurring income and net income attributable to owners of the parent as listed above.

   With regard to the forecast of consolidated business results for the whole-year period of the fiscal year ending March 31, 2017, because of unforeseeable foreign exchange movements in the future, no adjustment has been made to the forecast publicized on May 10, 2016. In the event that it becomes necessary to make any adjustment due to such movements in the future, it will be publicized promptly.

2. Recording of a non-operating expense (foreign exchange loss):

Due to the foreign exchange fluctuations (the appreciation of the yen), the Company has recorded a foreign exchange loss of ¥2,464 million for the first quarter of the fiscal year ending March 31, 2017 on a consolidated basis as a non-operating expense.

The amount, which is a foreign exchange loss based on the foreign exchange rate as at the end of the first quarter of the fiscal year ending March 31, 2017, may fluctuate according to foreign exchange movements in the future.

(Note) The forecast of business results, which is information about the future, is made based on the information available to the Company and its corporate group as of the date hereof. The actual results may differ from the above forecast due to various factors in the future.

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