With a view toward expanding its small-sized precision motor business, which is one of its major roduct lines, as well as strengthening the competitiveness of such business in the global market, Minebea has reached an agreement in principal to acquire a majority stake in Moatech, through the ubscription of new shares to be issued by Moatech to Minebea via third-party allotment, and the urchase of treasury shares as well as shares owned by Mr. Jong Kwan Lim, Moatech??s CEO. Minebea plans to acquire 50.8% stake in Moatech shares, subsequent to going through a variety of approval processes from respective government authorities.

Minebea plans to complete a series of stock purchase transactions as soon as practically possible, subsequent to obtaining required permits and approvals from the respective government authorities. We do not predict any direct impact of these transactions on the consolidated earnings for the fiscal year ending March 31, 2012.

Other News:
Notice of a Basic Agreement Regarding Minebea's Share Purchases of Moatech
Award-Winning Technologies to be on Display at Mid-American Trucking Show
Construction of NTN Noto Corporation Completed
Schaeffler has opened a new customer training centre
Schaeffler Forecasts Slower 2012 Revenue Growth on Weak Europe
Schaeffler reports record sales and earnings in 2011
Case study: Norglide bearing technology makes AER headset extremely lightweight
The U.S. Commerce Department made a final decision Monday on retaliatory import duties on steel wheels from China.