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Minebea Co., Ltd. hereby announces that its Board of Directors has resolved at a meeting held on October 31, 2008 to repurchase its own common shares pursuant to Article 156 of the Company Law, in accordance with Section 3 of Article 165 of the said law, as described below.
1. Reason for Repurchase
To make it possible to carry out an agile capital policy in response to changes in the business environment.
2. Details of Repurchase
(1) Type of shares to be repurchased: Shares of common stock of Minebea Co., Ltd.
(2) Aggregate number of shares to be repurchased: Up to a maximum of 10 million shares
(Ratio of aggregate number of shares to be repurchased to number of shares outstanding (excluding treasury shares): 2.51%)
(3) Aggregate amount of repurchase: Up to a maximum of 3.5 billion yen
(4) Period of repurchase: From November 4, 2008 to December 16, 2008
(Reference) Situation of treasury shares as of September 30, 2008:
Number of shares outstanding (excluding treasury shares): 398,993,177 shares
Number of treasury shares: 174,518 shares
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| 23240RHA KOYO | 200 | 360 | 128 |
| 23240R KOYO | 200 | 360 | 128 |