Summary of Benefits from the 2nd Phase of
the "NSK Business Restructuring Program"

(¥100 million)	(Six months ended Sep. 30, '03) FY 2003: 1st half	(Year ending Mar. 31, '04) FY 2003
	Profit contribution (Compared to FY 2002: 1st half)	Initial profit contribution forecast (Compared to FY 2002)
Restructuring of our domestic employment system	+27	+27
Reduction of global procurement costs	+43	+78
Restructuring of our European business	+20	+30
Total	+90	+135