2018
Mar.2, 2018
MINEBEA MITSUMI Inc.
Notice Regarding Settlement of
Class-action Lawsuits in Canada concerning Small-sized Ball Bearings
With regard to the press release titled "Regarding a Lawsuit Filed against Minebea" dated February 23, 2015, class-action lawsuits concerning small-sized ball bearings were brought against MinebeaMitsumi Inc. (formerly Minebea Co. Ltd.) ("MinebeaMitsumi") in the Canadian provinces of Quebec, Ontario and British Columbia. MinebeaMitsumi hereby announces that, on March 2, 2018, it reached a settlement with the plaintiffs of the lawsuits. The settlement amount is 1.5 million Canadian dollars (approximately 130 million yen).
There is no effect by this settlement on the consolidated earnings forecast for the fiscal year ended March 31, 2018.
| 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 Office |
| Phone: | +81-(0)3-6758-6703 |
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.
