Financial Conference for the Results of Fiscal 2002

May 15 , 2003

I. Consolidated Business Results for the
Year Ended March 31, 2003

• Summary of the Consolidated
  Business Results for FY 2002
• Summary of Benefits from the 2nd Phase of
  the "NSK Business Restructuring Program"
• Changes in the Scope of Consolidation
• Consolidated net sales -By customer location-
• Consolidated net sales -By business segment-
• Consolidated net sales -Automotive components-
• Consolidated net sales -Precision machinery and parts-
• Consolidated business results -By geographical segment-
• Operating income: Improvement factors
  (FY 2001 VS FY 2002) Japan
• Operating income: Improvement factors
  (FY 2001 VS FY 2002) Europe
• Consolidated business results -By business segment-
• Consolidated non-operating income and losses
• Consolidated extraordinary income and losses
• Consolidated balance sheets
• Consolidated inventories
• Consolidated capital expenditures
• Consolidated balance sheets
• Consolidated interest bearing debts
• Consolidated cash flow (FY 2002)

II. Forecasts for the Year
Ending March. 31, 2004

• Consolidated business forecasts for
  the year ending March 31, 2004
• Summary of Benefits from the 2nd Phase of
  the "NSK Business Restructuring Program"
• Operating income: Improvement factors
  (FY 2002 VS FY 2003 Forecast)
• Consolidated net sales forecast -By customer location-
• Consolidated net sales forecast -By business segment-
• Consolidated net sales forecast
  -By geographical segment-
• Comparison of the FY 2003 forecast and the
  "NSK Mid-term Business Plan"