Yasunobu Suzuki Chairman and CEO	Hirotsugu Mori President

During the fiscal year ended March 2009, economic situation was on the track of growth, though it was slow in the first half of the year. In contrast, it plunged into an extremely difficult state in the second half of the year due to the global economic downturn impacted by the financial crisis which started in the US.

The Company has prepared a new medium-term management plan, “NTN 2010 for The Next Step”, covering 2 years from April 2009, by reviewing the final year of “Growth through Creativity and Achievements 21(GCA21)”, to cope with the drastic change in the global economic situation.

In “NTN2010 for The Next Step”, the company, assuming that a recovery of demand from automotive and industrial machinery sectors takes a couple more years, aims to build up a strong corporate structure, which enables NTN to carry out operation not relying on business volume. This is achieved by implementing various measures, standing on its fundamental principle, “For New Technology Network”.

We look forward to the continued support of our shareholders.
The detailed messsage is here