In 2024
November 11, 2024
MinebeaMitsumi Inc.
(Change in disclosure items) The Ball Screw and Ball Way manufacturing and sales business operated by Tsubaki Nakashima
Regarding the quality data tampering issue of the manufacturing and sales business of Ball Screw and Ball Way operated by Tsubaki Nakashima
MinebeaMitsumi Corporation (hereinafter referred to as the Company) has announced that, in accordance with the “Notice of Acquisition of Shares (Subsidiarization) of Tsubaki Nakashima's New Split Company” dated February 9, 2024, and the “(Change in Disclosure Matters) Notice regarding the change of the Notice of Acquisition of Shares (Subsidiarization) of Tsubaki Nakashima's New Split Company” dated September 19, 2024, it was announced that the Company has acquired the manufacturing and sales business (hereinafter referred to as the "Subject Business") of Ball Screw and Ball Way operated by Tsubaki Nakashima. However, in this Subject Business, Tsubaki Nakashima has disclosed that there has been some numerical tampering in the quality inspection of Ball Screws (hereinafter referred to as the "Quality Irregularity"), which has led to the temporary suspension of product shipments. Furthermore, Tsubaki Nakashima has announced today that they have established a special investigation committee composed of external experts to investigate this Quality Irregularity in detail (hereinafter referred to as the "Investigation").
The acquisition of the Subject Business was scheduled for December 10, 2024. However, the Company plans to carefully examine various circumstances, including the results of the Investigation, the causes of the Quality Irregularity, measures to prevent recurrence, the possibility of similar incidents, and the impact of the Quality Irregularity on the Subject Business, and then decide on the feasibility of executing the acquisition, as well as the conditions and implementation date if the acquisition proceeds.
At present, there is no capital relationship between our company and Tsubaki Nakashima, and this quality issue will not affect our consolidated performance, nor will the impact on our consolidated performance for the year ending March 2025 due to the acquisition feasibility and timing change of the target business be minor.
We will promptly disclose any matters that should be disclosed in the future.
above
Company Name | MinebeaMitsumi Inc. |
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Representative name | Representative Director, Chairman and CEO, Yukunuma Kaoru (Code number 6479 Tokyo Stock Exchange Prime) |
Contact | Public Relations and Investor Relations Office Director, Yasuo Komine (Phone: 03-6758-6703) |
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