MID-term Business Strategy

FINANCIAL CONFERENCE

FOR THE RESULTS OF THE YEAR ENDED
MARCH 31, 2002 AND
FORECAST FOR THE YEAR ENDING
MARCH 31, 2003

Business trends

Changes in Business Environment

Our vision

Outline of our Business Restructuring

Business Restructuring: Japan (1) - Reorganization of production sites

Business Restructuring: Japan (2)

Business Restructuring: Japan (3)

Business Restructuring: Europe -Current status

Business Restructuring: Europe -Bearings

Business Restructuring: Europe - Automotive components

Europe (General): Profit target

Other regions -The Americas and Asia

Promotion of Alliances

Target