[Translation][NOTICE: Please note that the following is a translation of the Japanese language original for
convenience purposes only, and in the event of any discrepancy, the Japanese language original
shall prevail.]
January 8, 2021
For immediate release
Company Name
Representative

Nisshinbo Holdings Inc.
Masahiro Murakami, President(Securities Code: 3105)

Integration of Consolidated Subsidiaries in the Microdevices Business
Nisshinbo Holdings Inc. is pleased to announce that the resolution of the Board of Directors today
has resulted in the merger and consolidation of consolidated subsidiaries New Japan Radio Co., Ltd.
(New Japan Radio) and Ricoh Electronic Devices Co., Ltd. (Ricoh Electronic Devices), whichconstitute the Group's microdevices business.
１．Purpose of the Combination
The Nisshinbo Group's microdevices business has promoted business development with twocore companies: New Japan Radio and Ricoh Electronic Devices.
Based on its microelectronics and microwave technologies, New Japan Radio is primarily
engaged in the business of electronic device products, centered on analog semiconductors andmicrowave products. In 2005, New Japan Radio became a consolidated subsidiary of Nisshinbo
Holdings and became a wholly owned subsidiary in 2018.
Ricoh Electronic Devices' business is centered on high-performance analog power ICs, withCMOS analog technologies as its core. In 2018, Ricoh Electronic Devices became a consolidated
subsidiary of Nisshinbo Holdings.
By integrating the two consolidated subsidiaries and utilizing the two companies' resources(development, sales, and production) in an integrated manner, we will refine our "Connect
Everything" technologies and further grow and develop as an analog solution provider in orderto realize a super smart society.
The new company born from this merger, based on the Nisshinbo Group's corporate philosophyof “Change and Challenge! For the creation of the future of Earth and People," will provide
analog solutions through electronic devices and microwave products that use analog technologies
as strengths, contribute to the development of connected societies, and aim to be a company withthe value and presence expected of customers around the world.
２．Summary of this merger (planned)(1) Profile of new company
NameNisshinbo Micro Devices Inc. (planned)

Head officeUndecided

Representative

Undecided

Business Activities

Design, manufacture and sale of electronic device products andmicrowave products

Paid-in Capital

Undecided

Bases

Development and production bases are maintained, sales bases andmanagement bases are integrated in some regions.
・ Major development and production bases
New Japan Radio: Kawagoe Works (Saitama Prefecture), NJR
Fukuoka, Saga Electronics, THAI NJR
Ricoh Electronic Devices: Head Office (Ikeda City, Osaka
Prefecture) and Yashiro Plant (Hyogo Prefecture)(2) Method
Absorption-type merger with New Japan Radio as the surviving company and Ricoh
Electronic Devices as the absorbed company(Abbreviated organizational restructuring)(3) ScheduleDate of resolution of the board of directors

Undecided

regarding the conclusion of a merger
agreement
Date of the merger agreement

Undecided

Scheduled date of implementation (date ofJanuary 1, 2022 (planned)

consolidation)
３．Overview of the Company as a party to the Combination
Trade NameNew Japan Radio Co., Ltd.

Ricoh Electronic Devices Co.,Ltd.

Head office

3-10, Nihonbashi-Yokoyama-

13-1 Himemuro-cho, Ikeda-cho, Chuo-ku, Tokyoshi, Osaka

Name / Job Title ofKenichi Morita, President andSatoru Taji, President andRepresentative

Representative DirectorRepresentative Director

Business Activities

Design, manufacture and sales

Development, production andof electronic device products

sales

and microwave products,

products,ofelectronic

devicedevicedesignElectronic

contract service and electronic
device manufacturing contract
servicePaid-in Capital

5,220,075,750 yen

100,000,000 yen

Date of Incorporation

September 8, 1959

June 2, 2014

Major shareholders andNisshinbo Holdings Inc. 100%

Nisshinbo Holdings Inc. 80%

percentage of shares
Number of Employees(As of December 31, 2019)

RICOH COMPANY, LTD 20%3088 (Consolidated)

733 (Consolidated)

Net Sales (Fiscal Year43,610

ended(consolidated)(consolidated)

144 million yen (consolidated)

375 million yen (consolidated)

December

31,millionyen

22,812

millionyen

2019)
Operating Income (Yearended

December

31,2019)
４．Others
Details of this merger will be announced again when it is finalized.
The impact of this merger on our consolidated results of operations is immaterial.