Minebea Mitsumi Inc.

During the fiscal year ended March 31, 2017, Minebea Intec GmbH and Minebea Intec Bovenden GmbH & Co. KG, both majority-owned subsidiaries of MINEBEA MITSUMI, sold measurement equipment, such as weighing cells, to both two joint venture companies involving the Iranian Ministry of Petroleum and/or the National Petrochemical Company of Iran, as well as four other Iranian petrochemical companies, in each case in the ordinary course of business. The revenue from the transactions with the two joint venture companies for the fiscal year were 1,000 Euro and 24,000 Euro, respectively. The revenue from the transactions with the four other Iranian petrochemical companies for the fiscal year were 62,000 Euro, 6,000 Euro, 4,000 Euro and 3,000 Euro, respectively. Altogether, these transactions contributed an insignificant amount in net profits to MINEBEA MITSUMI. MINEBEA MITSUMI believes that the above transactions do not subject it or its affiliates to U.S. sanctions. Minebea Intec GmbH and Minebea Intec Bovenden GmbH & Co. KG do not currently intend to cease selling the products described above to the above entities.