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

Progress report on the 2nd Phase of the
“NSK Business Restructuring Program”

 
 
 Summary of Results of the 2nd Phase of the “NSK Business Restructuring Program”
 
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[¥100 million]
 FY 2002 FY 2003
Contribution
to FY 2002
profits		 Contribution
to FY 2003
profits		 Additional
contributions		 Total
contribution
to FY 2003
profits
Domestic wage and employment reform +40 (+76) +24 +100
Reduction of external procurement costs +46 (+62) +46 +108
European restructure +58 (+76) +27 +103
Total +144 (+214) +97 +311

 The slide above provides a summary of the results we have and are expecting from the 2nd phase of our “Business Restructuring Program.”
 The contribution of these activities to our profitability for FY 2002 should total ¥14.4 billion. The additional contribution for FY 2003 should total ¥9.7 billion. Therefore, the total improvement in profitability resulting from the restructuring efforts in FY 2003 is expected to total ¥31.1 billion.
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