TOKYO, July 4, 2024 -- OKI (TOKYO: 6703) signed an agreement on June 4, 2024, to transfer the OKI Group's precision small motor business to MABUCHI MOTOR CO., LTD. (President: Tohru Takahashi, Headquarters: Matsudo-shi, Chiba; “Mabuchi Motor”). The business transfer is scheduled to be completed by July 1, 2025.

OKI launched its small motor business in 1966. In 1998, it established Oki Micro Engineering Co., Ltd. (“OKI Micro Engineering”) as a company specializing in the business. Since its founding, OKI Micro Engineering has developed, manufactured, and sold general-purpose stepping motors, various application products, and dedicated actuators to meet specific customer needs. To further strengthen the business, OKI had been exploring the possibility of collaboration or partnerships with partners with whom it could expect to generate synergies.

Headquartered in Matsudo-shi, Chiba, Mabuchi Motor is a manufacturer and supplier of small motors. Its compact, lightweight, and high-efficiency DC motors are used in a wide range of fields, including automotive electrical components, home appliances, power tools, residential equipment, precision instruments, and office equipment. The company aims to expand its business domain and enhance corporate value through M&A and partnerships.

OKI and Mabuchi Motor reached an agreement on this business transfer based on the recognition of the potential synergies generated by combining OKI Micro Engineering's product lineup and technological capabilities centered on stepping motors and other high-reliability products with Mabuchi Motor's technologies, sales channels, and customer base. The agreement is expected to drive product development and marketing, leading to the creation of new businesses and the growth of existing businesses.

As part of this transfer, in May 2025, OKI Micro Engineering will establish a new company, OKI M･E Co., Ltd., to take over its gas business, equipment business, amusement business, and Adachi Protechno Co., Ltd., a manufacturing subsidiary. All shares of the new company will be transferred to Mabuchi Motor by July 1, 2025. Current employees will continue to be employed at the new company. OKI Micro Engineering's overseas subsidiaries, Oki Micro Engineering (HK) Co., Ltd. (sales and procurement subsidiary) and Oki Micro Engineering (DG) Co., Ltd. (manufacturing subsidiary) with its manufacturing-related assets, will also be transferred to Mabuchi Motor's overseas subsidiaries.

• *This transfer agreement presupposes approval by the relevant authorities.

OKI M･E overview*

Company name

OKI M･E Co., Ltd.

President

To be determined

Location

Nihonmatsu-shi, Fukushima

Number of employees

65 (planned for May 2025)

Established

Scheduled for May 2025

Capital

JPY 100 million

Net sales

JPY 3.3 billion (fiscal year ended March 2023, for transferred businesses only)

Business description

Development, manufacture, and sale of small motors for information equipment, amusement equipment, gas equipment, etc.

Consolidated subsidiary

Adachi Protechno Co., Ltd.

• *OKI M･E is a company to be established at a later date. The information given here is subject to change.

Mabuchi Motor overview

Company name

MABUCHI MOTOR CO., LTD.

President

Tohru Takahashi

Location

Matsudo-shi, Chiba

Number of employees

845 (as of December 2023)

Established

January 18, 1954

Capital

JPY 20.7 billion

Net sales

JPY 178.6 billion (consolidated result for FY2023)

Business description

Manufacture and sale of small motors

URL

https://www.mabuchi-motor.com/

About Oki Electric Industry Co., Ltd. (OKI)

Founded in 1881, OKI is Japan's leading information and telecommunication manufacturer. Headquartered in Tokyo, Japan, OKI provides top-quality products, technologies, and solutions to customers through its Public Solutions, Enterprise Solutions, Component Products, and Electronics Manufacturing Services businesses. Its various business divisions function synergistically to bring to market exciting new products and technologies that meet a wide range of customer needs in various sectors. Visit OKI's global website at https://www.oki.com/.

• * Information in the press releases is current on the date of the press announcement, but is subject to change without prior notice.

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