Overall, we expect an increase in business volume
of our automotive bearings and standard ball bearings
business, which are our core businesses, and the recovery
of our precision machinery and parts business. But
the most important key to improving our business results
for fiscal 2002 will be, without a doubt, directly
related to our ability to improve our profitability
structure through our business restructuring activities.
Fiscal 2002 will be a year of change for NSK.
Many important projects will be implemented this year,
such as the spinning-off of our automotive components
and precision machinery and parts businesses, establishment
of new employment and salary systems, and the launching
of a new plant in China as part of a joint venture
with TIMKEN. These projects will change the very foundations
of NSK.
We hope you will continue to take interest in
our company and appreciate your ongoing support.
This concludes our presentation of our financial
results for fiscal 2001 and our forecast for fiscal
2002.
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