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FY Ended March 2003

Photo:Annual report year ended March 31, 2003 Cover We have formulated a strategy to reinforce our core competencies, so we can aim to become the world's leading comprehensive manufacturer of high-precision components.
Specifically, we have decided or implemented the following, such as reform of the board of directors, introduction of an Executive Officer System, integration of Manufacturing Headquarters and establishment of Engineering Headquarters, introduction of EVA management system, alliance with the Motor Company Division of Matsushita Electric Industrial Co., Ltd., withdrawal from switching power supplies and other related businesses, termination of FDD business, sale of U.S.A. subsidiary IMC Magnetics Corp., and so forth.
In the feature "How is Minebea Charting a New Course / A Competitive Edge and Excellent Potential", we show Minebea's competitive edge and its excellent potential for future growth in a Q&A session with the President.

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