Approaching the Final Year of Our Mid-term Business Plan
(FY 2003 ~ FY 2005)

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Completion of the 2nd Year of our Mid-term Business Plan

Changes in the Business Environment Strong demand ·Recovery of the Japanese economy-Strong capital expenditure demand ·Strength of the Japanese car makers ·Recovery of demand from the semiconductor and LCD production equipment sectors (Slowdown in demand seen from the second quarter of FY 2004) ·Strength in the economies of Asia and the Americas ·China’s transformation into the “Factory of the World” and “Market of the World” Rising steel prices, Unstable steel supply Appreciation of the Yen against the U.S. dollar Targets for the 1st and 2nd years achieved Aiming to achieve the targets for the final year and building a strong foundation for the next Mid-term Plan (FY’06~FY’08) (¥100 million) FY 2004 (1st year) FY 2005 (2nd year) (Initial Plan) (Actual) (Revised Plan) (Estimate) Sales 4,920 5,222 5,550 5,800 Operating income 230 260 350 395 Operating income margin 4.7% 5.0% 6.3% 6.8%