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2003

Sept.26, 2003

Minebea Co., Ltd.

The Shanghai City Government Commend Mr. Susumu Fujisawa, President of Minebea's Manufacturing Subsidiary in China

The Shanghai City Government granted the Magnolia Silver Award to Mr. Susumu Fujisawa, President of Minebea Electronics & Hi-Tech Components (Shanghai) Ltd. (hereinafter "Shanghai Minebea"), a manufacturing subsidiary in China of Minebea Co., Ltd. (hereinafter "Minebea").

The Shanghai City Government awarded a testimonial to Mr. S. Fujisawa on September 25 (Thu.), 2003. Mr. Goro Ogino, the former president of Minebea, was granted the Magnolia Gold Award in 1998.

Magnolia Silver Award, established 15 years ago, is granted once a year to commend resident foreigners in Shanghai who have contributed to economic development of Shanghai, who have contributed toward establishing a friendly relationship with foreign countries, who have made a contribution in implementing public works projects in Shanghai, or who have made a contribution to or made constructive suggestions for the development of Shanghai.

This year, the award has been granted to 34 individuals including Mr. S. Fujisawa. (Magnolia is the city flower and the symbol of Shanghai.)



For inquiries, please contact:
Minebea Co., Ltd.
Masaki Ishikawa
Corporate Communications / Investor Relations Office
Corporate Planning Department
ARCO Tower, 19th Floor,
1-8-1, Shimo-Meguro, Meguro-ku, Tokyo 153-8662
Tel : 81-3-5434-8637 / Fax: 81-3-5434-8607
E-mail:mishikaw@minebea.co.jp
URL:http://www.minebea.co.jp/


Corporate Data of Shanghai Minebea

Company Name Minebea Electronics & Hi-Tech Components (Shanghai) Ltd.
Address Xicen Town, Qingpu District, Shanghai, China
Executive Management
Chairman of the Board : Tsugio Yamamoto
Representative Director and President & Chief Executive
Officer, Minebea Co., Ltd.
Director, President : Susumu Fujisawa
Executive Officer/In charge of China Operations,
Minebea Co., Ltd.
Established April 20, 1994
Capital Rmb 1,583 million (about ¥22,400 million) as of March 31, 2003
Total Investment Rmb 3,773 million ( about ¥53,500 million) as of March 31, 2003
Number of Employees 5,035 as of March 2003
Principal Products
Shanghai Plant : Miniature and small-sized ball bearings, Integral-shaft ball bearings
Xicen Plant : Alternating-current (AC) and direct-current (DC) fan motors and measuring components
Net Sales
Rmb 1,932 million (about ¥27,400 million) in year ended March 31, 2003
Exports : 94% of net sales or about ¥25,600 million, ranking tenth among foreign capital companies operating in Shanghai.
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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