OMRON Corporation (HQ: Shimogyo-ku, Kyoto; President and CEO: Yoshihito Yamada) announced today the signing of an agreement whereby OMRON will have its semiconductor/MEMS^* plant and MEMS development/production functions (hereinafter, the "Target Business") succeeded by a newly established company by way of a company split, and assign all shares of the new company to MITSUMI ELECTRIC CO., LTD. (HQ: Tama-shi, Tokyo; Representative Director, President and CEO: Ryozo Iwaya), a subsidiary of MinebeaMitsumi Inc. (HQ: Kitasaku-gun, Nagano; Representative Director, CEO & COO: Yoshihisa Kainuma; hereinafter, "MinebeaMitsumi"). The stock transfer is to be completed on October 1, 2021.

＊Micro Electro Mechanical Systems

1. Background
The Target Business is responsible for developing and manufacturing pressure sensors, flow sensors, thermal sensors, and other components that fuse MEMS, CMOS, and analog IC technologies, with primary destinations including OMRON's healthcare business and electronic components business.
In pursuit of sustainable growth by solving social issues through its businesses, OMRON is currently working on business model transformation by looking ahead to the next long-term vision, which will be launched in fiscal 2022, while at the same time bolstering business portfolio management as part of its attempts to create new businesses. MinebeaMitsumi is an "INTEGRATION manufacturer of precision components" boasting a wide range of product lines, including bearings, motors, sensors, and semiconductors. The decision to transfer the Target Business was made because it was concluded that the transfer of semiconductor process development technology, production technology, and related assets that belong to the Target Business would be highly synergistic, helping to expand the Target Business and create new businesses.

2. About the Target Business

Business lines	Production and development of pressure sensors, flow sensors, thermal sensors, and other components
Headcount	187 (current as of March 31, 2021)
Location of the plant	Yasu City, Shiga Prefecture, Japan

3. Profit Impact
This transfer will have no major impact on OMRON's financial results for the year ending March 31, 2022.

About MinebeaMitsumi Inc.
MinebeaMitsumi is an "INTEGRATION" manufacturer of high-precision components that handles various mechanical and electronic devices and components such as bearings that smooth the rotation of machines, motors, sensors, and semiconductors.
Their ultra-precision technology is used in a wide range of fields including home electronics such as air conditioners, vacuum cleaners, dryers, game consoles; information devices such as smartphones and PC products; automobiles, aviation, and space products; and medical equipment.
For details, please visit:
https://www.minebeamitsumi.com/english/

* INTEGRATION means "combining" rather than "simple gathering" of the company's proprietary technologies to evolve their "core products" and to create new products in various fields through the INTEGRATION of their advanced technology.

About OMRON Corporation
OMRON Corporation is a global leader in the field of automation based on its core technology of "Sensing & Control + Think." OMRON's business fields cover a broad spectrum, ranging from industrial automation and electronic components to social systems, and healthcare. Established in 1933, OMRON has about 30,000 employees worldwide, working to provide products and services in around 120 countries and regions. For more information, visit OMRON's website:https://www.omron.com/

Contact from Media:: Corporate Communications Group
Brand Communications Department
OMRON Corporation
Tel: +81-75-344-7175

OMRON Transfers its Semiconductor/MEMS Plant and MEMS Development/Production Functions