| Although sales of automotive
bearings increased worldwide, the increase
in net bearing sales was limited, as sales
to the electrical appliance, information
technology and general machinery sectors
fell everywhere except China.
The increase in sales of automotive
components was supported by strong demand
for electric power assisted steering (EPS)
systems in Japan and Europe, and for automatic
transmission components.
Sales of precision machinery &
parts increased as result of strong demand
in Korea for our Step & Repeat Proximity
Aligners, used to produce large-sized
liquid crystal display color filters.
Sales in Japan, the Americas and Europe
recovered in comparison to the 2nd half
of FY 2001, but not to the level of the
1st half of FY 2001.
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