June 28, 2007
Company Name: Minebea Co., Ltd.
Representative:: Takayuki Yamagishi
Representative Director,
President and Chief Executive Officer
(Code No. 6479 TSE Div. No. 1)
Contact Person: Sakae Yashiro
Senior Managing Executive Officer
Deputy Chief of
Administration Headquarters
(TEL. 81-3-5434-8611)

Notice Regarding Merger of Consolidated Subsidiaries
The decision was made at the June 28, 2007 meeting of the Board of Directors to merge the Company’s seven
consolidated subsidiaries in Thailand, namely NMB Thai Ltd., Pelmec Thai Ltd., Minebea Thai Ltd., NMB Hi-Tech Bearings Ltd., NMB Precision Balls Ltd., Minebea Electronics (Thailand) Co., Ltd. and Power Electronics of Minebea Co., Ltd. Details are provided below.

1. Purpose of merger
The seven companies in question are located in Thailand, which is the Company’s largest manufacturing base, and are engaged in the manufacture and sale of bearings, mechanical components, HDD spindle motors, speakers, LCD back lights, inverters, measuring components and other products for automobiles, computers and peripheral devices, household electronic devices, office automation and other industries.
The merger of these seven companies will establish a business structure that allows for speedy, flexible and appropriate allocation of the Company’s internal resources, such as employees, machinery and fund, and will greatly simplify procedures involved in transactions between affiliated companies in Thailand, thereby enabling more efficient business activities.
2. Overview of merger
(1)
Overview of new company
Name: NMB-MINEBEA THAI LTD.
Location: Ayutthaya Province, Thailand
Capital: 15.3 billion bahts
Net sales (based on results of fiscal year ended March 2007): 37 billion bahts
Employees (based on the figures as of March 2007): 27,455
(2) Merger schedule (tentative)

July 2007 Official announcement of merger in Thailand
July-September 2007 Application to be filed with the Thailand Board of Investment
January-March 2008 Applications to be filed with Royal Thai Customs and other relevant authorities
April 1, 2008 Operations to begin at new company

(3) Merger type

A new company, which will take over all assets and liabilities of the seven merged companies, will be established in Thailand on April 1, 2008. Liquidation proceedings for the seven companies will automatically begin immediately thereafter.

3. Overview of companies being merged

4. Effects of merger
The merger is not expected to have an effect on the Company’s consolidated or non-consolidated results.