Financial Conference for the Results
of the First Half of Fiscal 2003

Profitability of the
Precision Machinery and parts Business

(¥100 million)	FY '02: 2nd half <Actual>		FY '03: 1st half <Actual>		FY '03: 1st half <Initial forecast>		FY '03: 1st half <Actual>		FY '03: 2nd half <Reviewed forecast>
sales	184		197		200		197		253
operating income	-29		-15		0		-15		+15
		(Difference from FY '02: 2nd half)		(Difference from the initial forecast)				(Difference from FY '03: 1st half)
Profit contributions		+14		-15				+30
Sales volume		+8		-1				+20
Business restructuring		+5		-7				+8
Procurement cost reductions		+5		-1				+7
Labor cost reductions		-4		-6				-
Productivity improvements at the Kyushu (Japan) and Franklin (U.S.) plants		+4		-				+1
Others		+1		-7				+2

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