2010
Feb.2, 2010
Minebea Co., Ltd.
Notice regarding Repurchase of Own Shares
(Repurchase of Own Shares pursuant to Section 2 of Article 165 of the Company Law)
Minebea Co., Ltd. ("Minebea") hereby announces that its Board of Directors has resolved at a meeting held on February 2, 2010 to repurchase its own common shares pursuant to Article 156 of the Company Law, in accordance with Section 3 of Article 165 of the said law, as described below.
1. Reason for Repurchase
To make it possible to carry out an agile capital policy in response to changes in the business environment.
2. Details of Repurchase
| (1) Type of shares to be repurchased: | Shares of common stock of Minebea Co., Ltd. |
|---|---|
| (2) Aggregate number of shares to be repurchased: | Up to a maximum of 5 million shares (Ratio of aggregate number of shares to be repurchased to number of shares outstanding (excluding treasury shares): 1.29%) |
| (3) Aggregate amount of repurchase: | Up to a maximum of 2.5 billion yen |
| (4) Period of repurchase: | From February 3, 2010 to March 24, 2010 |
(Reference) Situation of treasury shares as of December 31, 2009:
| Number of shares outstanding (excluding treasury shares): | 386,850,037 shares |
|---|---|
| Number of treasury shares: | 12,317,658 shares(*) |
(*) Includes the 2,127,000 shares of common stock of Minebea Co., Ltd. held by the "Minebea Employee Stock Holding Partnership Exclusive Trust Account".
| Company Name: | Minebea Co., Ltd. |
| Representative: | Yoshihisa Kainuma Representative Director, President and Chief Executive Officer (Code No. 6479 TSE Div. No. 1) |
| Contact Person: | Yasunari Kuwano General Manager Corporate Communications Office (TEL: 81-3-5434-8637) |
Information in the press releases is current on the date of the announcement.
Product information, contact and other context are subject to change without prior notice.
Product information, contact and other context are subject to change without prior notice.
