I. Consolidated Results

 Looking at sales by product;

 Bearings sales to the automotive industry remained strong, both in Japan and overseas. However domestic sales to the general machinery industry, such as the electrical, IT, machine tool, and industrial machinery sectors were all disappointing. Demand for exports were also down as were sales to the general machinery sector overseas. As a result, overall bearings sales totaled 302.3 billion yen, down 5% from the previous year.

 Results of the automotive components business were mixed. While sales of EPS systems grew both in Japan and Europe, seatbelt and general steering column sales fell. Total revenue fell 4% to 128.2 billion yen.

 As for precision machinery and parts, demand from the semiconductor production equipment and machine tool industries plunged, bringing sales down more than 40% to 34 billion yen.