Date: 2013-08-01

Acceleration of a Strategy of

(January 4, 2012)

I would like to extend warm greetings to all of you at the beginning of the New Year. I also wish to extend my deepest sympathies to all those affected by the Great East Japan Earthquake in March last year and sincerely pray for the earliest possible reconstruction of the affected areas.

Looking back on last year, large-scale disasters such as the great earthquake and the Thai flood occurred, causing significant damages to the Japanese industrial sector. In addition, unstable economic conditions have been continuing even now, including the debt crisis seen in European countries and the effect of the monetary tightening in China, as well as the prolonged appreciation of the yen. Thus, it has become increasingly crucial to deal with disasters and foreign exchange risks.

Against this backdrop, the NTN Group embarked on a new medium-term management plan,

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Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
NP228 NACHI	140	250	42
NP426 NACHI	130	340	78

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