2022

Oct.24, 2022

MINEBEA MITSUMI Inc.

Notice Regarding Green Bond Issuance

Minebea Mitsumi Inc. (the Company) has announced today that it submitted to the Director-General of the Kanto Local Finance Bureau an amended shelf registration statement for the inaugural issuance of Minebea Mitsumi Green Bond (Green Bond) (unsecured bond) in or after November 2022, based on the Green Bond Framework (the Framework) published on May 11, 2022.

1. Purpose and background of the issuance of Green Bond

Now more than ever before, companies are being called on to confront environmental and social issues, to bring about a carbon-free society and achieve the Sustainable Development Goals (SDGs). Against such a backdrop, Minebea Mitsumi, as an entity for the public, believes it is important to solve social issues as a component manufacturer, not simply improving profits.
In response, the Company has set out "QCDESS^®", adding "Eco/Efficiency and Speed" to "QCDS" (Quality, Cost, Delivery and Service), as a management strategy to lay a solid foundation for the Company's 100th year in 2051. The Company aims to contribute to improving global environment and develop a sustainable society through its corporate activities based on the management strategy centered on developing, manufacturing and selling products that are environmentally friendly and efficient, in addition to quality, cost, delivery and service.
Specifically, measures of two pillars in the QCDESS strategy are 1) Challenges to carbon neutrality by introducing renewable energy and energy saving activities and 2) promoting "MMI Beyond Zero" to contribute to global carbon neutrality by improving energy-saving efficiency of the Company's products. Particularly, the Company believes it is beneficial to the society to utilize ultra-precision technologies from ball bearings to semiconductors because it is said that half of the power consumed globally is for motors. The Company contributes to the reduction of global CO₂ emission volume by working to reduce its own CO₂ emissions as well as by reducing the CO₂ emission volume by customers around the world who use the Company's components.
Minebea Mitsumi will contribute to realizing a sustainable global environment by investment in procuring decarbonized power sources to achieve carbon neutrality and projects to improve energy efficiency of the Company's products, utilizing proceeds from the Green Bond offering based on the Framework.
The Framework is aligned with the Green Bond Principles 2021 of the International Capital Market Association (ICMA) and the Green Bond Guidelines 2020 of the Ministry of the Environment. The Framework is rated Green 1 (F), the highest rating, in "JCR Green Bond Framework Evaluation" by Japan Credit Rating Agency, Ltd., a third-party evaluation organization. The Company has mandated Nomura Securities Co., Ltd. as structuring agent, which supports the Green Bond issuance, including designing the Framework and providing advise to acquire the evaluation by the third-party organization.

* "QCDESS" is a registered trademark in Japan of MinebeaMitsumi Inc. Its registration No. is 6538154.

2. Contents of the Green Bond

Under the Green Bond Framework, proceeds will be allocated to finance following eligible projects

* The structuring agent is the entity that supports green bond issuance through the formulation of a green bond framework and the acquisition of second-party opinions.

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