Hebei Jiashun Stainless Steel Bearing Manufacturing Co., Ltd
Address：Xiyuanzhuang Village, Laoguanzhai Town, Linxi County, Xingtai City, Hebei Province, China
Sales address: No. 19, East nine district, bearing world, Linxi County, Hebei
Phone：0086-18764252222 0086-15531951217
Tel：0086-319-8566557
Q Q：275582616
Address：Xiyuanzhuang Village, Laoguanzhai Town, Linxi County, Xingtai City, Hebei Province, China
Sales address: No. 19, East nine district, bearing world, Linxi County, Hebei
Phone：0086-18764252222 0086-15531951217
Tel：0086-319-8566557
Q Q：275582616
Notice Regarding Settlement of Class-action Lawsuits in Canada concerning Small-sized Ball Bearings
05 Mar,2018
With regard to the press release titled "Regarding a Lawsuit Filed against Minebea" dated February 23, 2015, class-action lawsuits concerning small-sized ball bearings were brought against MinebeaMitsumi Inc. (formerly Minebea Co. Ltd.) ("MinebeaMitsumi") in the Canadian provinces of Quebec, Ontario and British Columbia. MinebeaMitsumi hereby announces that, on March 2, 2018, it reached a settlement with the plaintiffs of the lawsuits. The settlement amount is 1.5 million Canadian dollars (approximately 130 million yen).
There is no effect by this settlement on the consolidated earnings forecast for the fiscal year ended March 31, 2018.