Regarding alliances, we have already been actively
looking to form alliances on a global level for products
that we do not hold a No. 1 or 2 position in the market.
As the result of fierce competition in the bearings
industry, the number of global companies has shrunk
to about 10. And viewing INA's takeover of FAG in
Germany, I think it is very possible that further
consolidation and integration may be on the way.
It is vital for NSK to make swift decisions
in regards to forming alliances, so that we can take
the leading role in such circumstances.
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