2004

Nov.5, 2004

Minebea Co., Ltd.

Revision of Earnings Forecasts for the Interim Period Ended September 30, 2004 and for the Full Year Period Ending March 31, 2005

In accordance with its recent earnings performance and other business factors, Minebea Co., Ltd. announces a revision of its May 13, 2004 earnings forecasts for fiscal year ending March 31, 2005 (April 1, 2004 through March 31, 2005) as follows:

1. Revision of Consolidated Earnings Forecasts

( 1 ) Interim Period (April 1, 2004 - September 30, 2004)

Net Sales Ordinary Income Net Income
Previous forecast (A) 144,400 6,300 3,000
Revised forecast (B) 146,751 3,885 1,095
Variation (B-A) 2,351 -2,415 -1,905
Percentage change 1.6% -38.3% -63.5%
Previous first-half results 133,741 7,558 2,726

(Millions of yen)

(2) Full Year Period(April 1, 2004 - March 31, 2005)

Net Sales Ordinary Income Net Income
Previous forecast (A) 300,000 15,500 9,000
Revised forecast (B) 300,000 10,000 5,000
Variation (B-A) 0 -5,500 -4,000
Percentage change 0.0% -35.5% -44.4%
Previous year results 268,574 13,800 6,019

(Millions of yen)

2.Revision of Non-consolidated Earnings Forecasts

(1) Interim Period(April 1, 2004 - September 30, 2004)

Net Sales Ordinary Income Net Income
Previous forecast (A) 92,000 2,900 1,300
Revised forecast (B) 93,363 2,745 801
Variation (B-A) 1,363 -155 -499
Percentage change 1.5% -5.3% -38.4%
Previous first-half results 92,482 5,782 1,480

(Millions of yen)

(2) Full Year Period (April 1, 2004 - March 31, 2005)

There are no revisions to the non-consolidated earnings forecasts for the full-year period.

3. Reasons for the Revision

The above revisions are due mainly to 1) higher operating expenses and production integration costs incurred in our information motors businesses; 2) the consequence of a sharp rise in costs accompanying the shift of our PC keyboard manufacturing operations from Thailand to Shanghai; and 3) a delay in cost reduction responding to a significant fall in production of spindle motors resulting from inventory adjustments in the hard disk drive industry.

Note: The above earnings forecasts are based upon information available as of the announcement date of this material. The Company's actual results may differ from these forecasts, depending on future various business factors.

Company Name Minebea Co., Ltd.
Representative Tsugio Yamanoto
Representative Director, President and CEO
(Code No.6479 TSE Div.No.1)
Contact Person Takashi Yamaguchi
Managing Executive Officer
in charge of Accounting and Finance
(TEL.81-3-5434-8611)
Information in the press releases is current on the date of the announcement.
Product information, contact and other context are subject to change without prior notice.

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