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HOME | Investors | Presentation | Financial Conference for the Results of the First Half of Fiscal 2002

Business Results for the Six Months
Ended September 30, 2002

 
 
 Consolidated business results –By business segment–
 
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[¥100 million]
(Six months ended Sep. 30, ‘01)
FY’01:1st half
(Six months ended Sep. 30, ‘01)
FY’01:2nd half
(Six months ended Sep. 30, ‘02)
FY’02:1st half
Increase/
(decrease)
Effect of FOREX, etc. Net increase/
(decrease)
«Sales»
 
Bearings 1,555 1,468 1,604 +49 +40 +9 (+0.5%)
Automotive components 654 628 751 +97 +19 +78 (+11.9%)
Precision machinery 209 132 165 -44 +5 -49 (-23.1%)
Others 106 57 87 -19 0 -19 (-18.2%)
Total 2,524 2,285 2,607 +83 +64 +19 (+0.7%)
 
«Operating income»
 
Bearings 67 46 94 +27 0 +27 (+40.3%)
Automotive components 1 3 20 +19 - +19 (+1900.0%)
Precision machinery -6 -47 -34 -28 - -28 -
Others -13 -12 -15 -2 - -2 -
Total 49 -10 65 +16 0 +16 (+32.7%)

 The profitability of bearings, our core products, and automotive components saw a major improvement as result of business restructuring activities implemented in Japan and Europe.

 Sales of precision machinery & parts did not recover to the same level of 1st half of FY 2001, but have gradually started to pick up after hitting bottom during the 2nd half of FY 2001. Also, as a result of changes in the cost structure, we have managed to start improving the profitability of this business segment.

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