Projection for the six months ended June 30, 2002

Projection for the year ended Decmber 31, 2002

Reason for revison

1. First half of fiscal 2002
   We expect a 14.4% increase in semi-annual consolidated net sales compared with the previous forecast because sales volume is anticipated to increase by 16% due mainly to a strong demand for CD and DVD player motors. The actual average exchange rate for this period is also anticipated to approximate ¥130 to US$1 which is used for the previous forecast. While operating income is anticipated to increase by 24% over the original forecast, ordinary income is expected to increase by 6.3% due primarily to exchange losses expected to be incurred if the current level of appreciation of yen is continued until the end of the first half of 2002. Net income is anticipated to increase by 4.5% over the previous forecast because non-ordinary profits/losses and effective income tax rate are expected to be almost the same as the previous projections.
2. Fiscal year 2002
   We anticipate a 7.2% increase in consolidated net sales for 2002 compared with the previous forecast under the conditions where the exchange rate to be used in this revision has been changed to ¥125 (to US$1) from ¥130 which was used for the previous forecast, while sales volume in the latter half of fiscal 2002 are expected to increase by 5.3% over the previous forecast, resulting in a 0.7% increase in net sales for the latter half period in 2002 compared with the previous forecast. Actual average exchange rate for 2002 is anticipated to be ¥127.5 to US$1, accordingly. Operating income is expected to increase by 17.1% over the previous forecast. Ordinary income and net income for 2002 are anticipated to increase by 8.2% and 7.5%, respectively, under the conditions where we consider no exchange gains and losses to be incurred in the latter half of 2002 and we anticipate that non-ordinary profits/losses and effective income tax rate are expected to be almost the same as the previous projections.