Announcement of Closing Date of the Change of Parent Company

ABLIC Inc. (President: Nobumasa Ishiai, head office: Chiba City, Chiba Prefecture; hereinafter “ABLIC”)  announced in the press release dated December 17th , 2019, titled “Announcement regarding Change of Parent Company” that it had entered into a share transfer agreement with Development Bank of Japan (hereafter “DBJ”, 70% of shareholding ratio) and Seiko Instruments Inc. (hereafter “SII”, 30% of shareholding ratio), who are ABLIC’s shareholders, and MinebeaMitsumi Inc. (hereafter “MinebeaMitsumi”) concluded a share transfer agreement in regard to the acquisition of the share of ABLIC (the “Acquisition of Shares”), and that closing date of the Acquisition of Shares was expected around July 2020.
It reached an agreement with DBJ and SII to implement the Acquisition of Shares on April 30th , 2020, given that the clearances from the relevant countries’ competition authorities have been obtained earlier than expected.
With this implementation, ABLIC will become a wholly owned company by MinebeaMitsumi as of April 30th, 2020.
With MinebeaMitsumi’s technological strength and performance, ABLIC will be making further effort to strengthen our business globally such as expanding our sales of high-value added products for industrial equipment and medial devices and our share for automotive devices market, and aiming at further extension of analog semiconductor business and improvement of corporate value.