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The following is to inform you of the decision reached by our board of directors conducted on the 8th of May, 2007, regarding the reporting of an extraordinary loss in accounts settled for the Fiscal Year Ending March 31, 2007.
In its non-consolidated financial statements for this fiscal year, Minebea reports a "Business restructuring loss" of 2,402 million yen for Allowance for Bad Debt to Sheng Ding Pte. Ltd., a PC keyboard subsidiary.
The above extraordinary loss will be reported as an aggregated loss which was firstly reported as the "Report of Extraordinary Loss for the first half of the fiscal year" for timely disclosure on the 24th of October, 2006.
As this loss is realized in our consolidated financial statements as a loss at the subsidiary, it will not affect our consolidated results.
(Reference)
The "business restructuring loss" for timely disclosure on the 24th of October, 2006, was 1,402 million yen.
Company Name:
Minebea Co., Ltd.
Representative:
Takayuki Yamagishi
Representative Director,
President and Chief Executive Officer
(Code No. 6479 TSE Div. No. 1)
Contact Person:
Sakae Yashiro
Managing Executive Officer
Deputy Chief of
Administration Headquarters
(TEL: 81-3-5434-8611)
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| GE200SW bearing | 200 | 310 | 70 |
| GE190SW bearing | 190 | 290 | 64 |