2003

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.

Date	Title
Dec.19, 2003	Matsushita and Minebea Establish Joint Venture Company for Information Equipment Motor Minebea Co., Ltd. ("Minebea"), the leading name in miniature and small-sized ball bearings, and Matsushita Electric Industrial Co., Ltd. ("MEI"), best known for its Panasonic brand of consumer electronics and digital communication products, and have announced today that the two companies will establish a new joint venture company for information equipment motor business, in accordance with the basic agreement signed on August 27, 2003 and the business integration agreement signed today.
Dec.19, 2003	Business Separation of Fan Motor and Stepping Motor Divisions through Business Integration We have been making preparations to launch a joint venture company ("Integrated Company") on April 1, 2004 (planned) with Matsushita Electric Industrial Co., Ltd. ("Matsushita") with the aim of integrating all functions of the two companies' information equipment motor business in four categories (fan motors, stepping motors, vibration motors and DC brush motors).
Dec.19, 2003	Managerial Assignments We would like to announce managerial assignments effective December 19, 2003.
Sept.26, 2003	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").
Aug.27, 2003	Minebea and Matsushita(Panasonic) to Form Joint Venture in Information Equipment Motor Business Osaka, Japan (August 27, 2003) - Minebea Co., Ltd., the leading name in miniature and small-sized ball bearings, and Matsushita Electric Industrial Co., Ltd., best known for its Panasonic brand of consumer electronics and digital communication products, have announced today that the two companies will establish a new joint venture company for information equipment motors, with Minebea holding an expected share of 60% and Matsushita 40%.
Aug.20, 2003	Outcome of Soliciting Voluntary Retirement We hereby inform you of the outcome of soliciting voluntary retirement announced on June 19, 2003.
Aug.15, 2003	Minebea's Manufacturing Subsidiary in China is Selected as One of the TOP 100 Projects of National Environmental Protection in China The State Environmental Protection Administration of China announced on August 4, 2003 its selection of Minebea Electronics & Hi-Tech Components (Shanghai) Ltd.(hereinafter "Shanghai Minebea"), a manufacturing subsidiary in China of Minebea Co., Ltd.(hereinafter "Minebea"), as one of the Top 100 projects of national environmental protection.
Aug.8, 2003	Minebea Develops Flange Type Torque Transducers In April 2003, Minebea Co., Ltd. launched flange type torque transducers. This product is a torque transducer that combines a calibrated torque-measuring flange attached with a strain gage and an optical transformer based on the optical transmission method where signals are picked up contact-free from a body of rotation. This torque transducer uses a thin flange and no bearings, and can measure both static torque and dynamic torque.
July 24, 2003	Managerial Assignments We would like to announce managerial assignments effective August 1, 2003
June 27, 2003	Minebea Introduces an Executive Officer System and Changes to Management Structure Minebea announced that at the General Shareholder's Meeting and the Board of Directors Meeting on June 27, 2003, the resolutions to introduce an Executive Officer System and to amend the structure of the Board of Directors, as released on April 25, 2003, were approved.
June 27, 2003	Managerial Assignments We would like to announce managerial assignments effective June 27, 2003
June 19, 2003	Solicitation of Voluntary Retirement We hereby announce that our Board of Directors has resolved at a meeting on June 19, 2003, to solicit the voluntary retirement
Apr.25, 2003	Minebea Obtains JCSS Certification in Single-Shaft Testers (Tensile Compression Testers) Minebea Co., Ltd. obtained Japan Calibration Service System (JCSS) certification in single-shaft testers or tensile compression testers on February 5, 2003.
Apr.25, 2003	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. 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.
Apr.18, 2003	Managerial Assignments and Organizational Changes We would like to announe managerial assignments effective April 21, 2003.
Apr.10, 2003	Disposal of Subsidiaries; Withdrawal from the Business of Switching Power Supplies, Inductors and Transformers; and Revision of Business Performance Forecast We hereby announce that our Board of Directors has resolved at a meeting on April 10, 2003 to liquidate MINEBEA EUROPE FINANCE B.V.; sell or liquidate IMC MAGNETICS CORP., both of which are our subsidiaries; to withdraw from the business of switching power supplies, inductors and transformers; and to declare losses arising from the disposal of subsidiaries and the withdrawal from the business of the three products as follows. We also inform you that the forecast of business performance for fiscal year ended March 31, 2003 has been revised due to losses including losses on revaluation of investment securities as shown below.
Mar.28, 2003	Managerial Assignments and Organizational Changes We would like to announce managerial assignments and organizational changes effective April 1, 2003.

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