Minebea Established Joint Venture with Iwasaki Electric Co., Ltd. and Koizumi Lighting Technology Corp. for the Development of Lighting Equipment

Resource from: Minebea Co., Ltd. Likes:164

Apr 02,2014

Minebea Co., Ltd. ("Minebea") made an announcement of the "Notice on Joint Venture Establishment with Iwasaki Electric Co., Ltd. and Koizumi Lighting Technology Corp. for the Development of Lighting Equipment" on February 3, 2014, stating that Minebea had entered into the Memorandum of Understanding to establish a new joint venture company (the "JV Company") with Iwasaki Electric Co., Ltd. (Head Office: Chuo-ku, Tokyo, Representative: Bunya Watanabe (President and Representative Officer)), and Koizumi Lighting Technology Corp. (Head Office: Osaka City, Osaka Prefecture, Representative: Teruyuki Umeda; (President and Chief Executive Officer)) with the aim of developing lighting systems to be used in the "Smart Buildings" and "Smart Cities". Minebea completed as of today the establishment of such JV Company, the details of which are explained as follows: 1. Outline of the JV Company

2. Overview of JV partners

3. Future outlook Impacts on the consolidated results of the Minebea Group due to and arising out of this transaction are yet to be determined at present. Company Name: Minebea Co., Ltd. Representative: Yoshihisa Kainuma Representative Director, President and Chief Executive Officer (Code No. 6479, TSE Div. No.1) Contact: Yasuo Komine General Manager Corporate Communications Office Tel: +81-(0)3-6758-6703

(Minebea Co., Ltd.)

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