2003

Apr.25, 2003

Minebea Co., Ltd.

Minebea Introduces an Executive Officer System and Changes to Management Structure

Minebea announced today that its Board of Directors resolved at the meeting on April 25, 2003, to introduce an Executive Officer System and amend the structure of the Board of Directors as indicated below. These two resolutions will be submitted for approval at the General Shareholders' Meeting in June 2003 and at the meeting of the Board of Directors to be held subsequently.

1. Introduction of an Executive Officer System (effective June 27, 2003)

To reinforce the Board of Directors' function as the highest decision making body, we will reduce the number of Member of the Board of Directors to 10, from 25, with the aim of realizing quicker and more strategically focused management decision making. Two of the 10 Board members will be independent directors, enabling us to strengthen the relative role of independent directors.
Additionally, we will introduce an Executive Officer System to facilitate a clear distinction between The Board of Directors with management and supervisory functions and Executive Officers with business executing functions.
Unlike Directors on the Board, Executive Officers can be elected or dismissed by the Board of Directors at its discretion. We expect that the flexible use of this system will help further vitalization of our organization and human resources.

2. Changes to Management Structure (effective June 27, 2003)

In addition to introducing an Executive Officer System, we intend to reduce the number of Members of the Board of Directors to 10, from the current 25. To this end, we intend to amend the Articles of Incorporation to limit the maximum number of Members of the Board of Directors to 10 and will submit this as one of agenda for approval at the General Shareholders' Meeting in June 2003.
Thirteen current Directors and eight employees will be appointed as Executive Officers.

(1)Members of the Board (**=Members of the Board who will serve concurrently as Executive Officers, *=Independent Directors)

Name	New Post	Current Post
**Tsugio Yamamoto	Representative Member of the Board, President and Chief Executive Officer	President and Representative Director
**Yoshihisa Kainuma	Member of the Board, Senior Managing Executive Officer	Senior Managing Director
**Takayuki Yamagishi	Member of the Board, Senior Managing Executive Officer	Senior Managing Director
**Rikuro Obara	Member of the Board, Senior Managing Executive Officer	Senior Managing Director
**Ryusuke Mizukami	Member of the Board, Senior Managing Executive Officer	Senior Managing Director
**Kenji Senoue	Member of the Board, Senior Managing Executive Officer	Senior Managing Director
**Tosei Takenaka	Member of the Board, Senior Managing Executive Officer	Senior Managing Director
**Koichi Dosho	Member of the Board, Managing Executive Officer	Managing Director
*Atsushi Matsuoka	Member of the Board	Director
*Chanchai Leetavorn	Member of the Board	Director

(2)Corporate Auditors (**=Newly appointed auditors, *=Independent Auditors)

Name	New Post	Current Post
Shinichi Mori	Standing Corporate Auditor	Standing Corporate Auditor
Yoshinori Amano	Standing Corporate Auditor	Standing Corporate Auditor
*Mitsuo Ichikawa	Corporate Auditor	Corporate Auditor
***Isao Hiraide	Corporate Auditor	Tax Advisor

(3)Executive Officers (**=Executive Officers newly appointed from among employees)

Name	New Post	Current Post
Takashi Yamaguchi	Managing Executive Officer	Managing Director
Tomihiro Maruta	Managing Executive Officer	Managing Director
Sadao Sawamura	Executive Officer	Director
Akihiro Hirao	Executive Officer	Director
Sadahiko Oki	Executive Officer	Director
Takuya Naka	Executive Officer	Director
Yukio Shimizu	Executive Officer	Director
Masayoshi Yamanaka	Executive Officer	Director
Shunji Mase	Executive Officer	Director
Hiroharu Katogi	Executive Officer	Director
Susumu Fujisawa	Executive Officer	Director
Masamitsu Osada	Executive Officer	Director
Akio Okamiya	Executive Officer	Director
**Eiichi Kobayashi	Executive Officer	General Manager of Production Technology Center and Tool & Die Dept. and, Karuizawa Manufacturing Unit, Manufacturing Headquarters
**Motoyuki Niijima	Executive Officer	General Manager of Measuring Components Division, Manufacturing Headquarters
**Tadahiko Mori	Executive Officer	General Manager of Logistic Dept. and Sales Logistics Support Office, Tokyo Administration Headquarters
**Hiroyuki Yajima	Executive Officer	General Manager of Bearing Division and Bearing Manufacturing Dept., Karuizawa Manufacturing Unit, Manufacturing Headquarters
**Masao Iwasa	Executive Officer	General Manager of Administration Office, Karuizawa Manufacturing Unit, Manufacturing Headquarters
**Hirotaka Fujita	Executive Officer	General Manager of Hamamatsu Manufacturing Unit, Electro Devices Division, Power Electronics Division and PE Manufacturing Dept., Manufacturing Headquarters
**Kunio Shimba	Executive Officer	General Manager of Global Storage Component Product Management, Sales Headquarters
**Junichi Mochizuki	Executive Officer	General Manager of Global Bearing Product Management, Sales Headquarters

The following individuals will resign from their current posts at the General Shareholders' Meeting in June 2003.

Masahito Saigusa, Senior Managing Director
Tomeshiro Takeuchi, Director
Toshiro Uchida, Corporate Auditor

Company Name:	Minebea Co., Ltd.
Representative:	Tsugio Yamamoto, President and Representative Director (Code No.6479 TSE Div. No.1)
Contact Person:	Shunji Mase, Director and General Manager of Personnel & General Affairs Department TEL:81-3-5434-8612 FAX:81-3-5434-8601 E-mail:smase@minebea.co.jp

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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