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Business Results
for the Six Months
Ended September 30, 2002
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| Consolidated
net sales –By customer location– |
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| ·Japan: |
Sales to the automotive
industry increased, but decreased
to the general industrial sector. |
| ·The
Americas: |
Sales to the automotive
industry increased in the U.S.
and Canada, but sales to the information
technology industry and general
industrial sectors were sluggish,
as were sales in Brazil. |
| ·Europe: |
Sales decreased
to both the general industrial
sector and the aftermarket. |
| ·Asia: |
Sales in Indonesia
and China were robust, but weaker
in Malaysia. |
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| Although sales to the
general machinery sector, excluding the
automotive industry, fell 10% compared
to the 1st half of FY 2001, we were able
to increase overall sales in Japan, thanks
to the 14% year-on-year increase in sales
to the automotive industry,
Overseas, net sales were flat in
the Americas and Asia, while sales decreased
7.1% in Europe. (Note that net sales does
not include the effects of foreign exchange
fluctuations and the sale of the aerospace
bearings business in the U.K.)
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