2003 ニトリベット

Apr.25,2003

Minebea Co., Ltd.

Minebea Introduces an Executive Officer System and Changes to Managemニトリベットt Structure

Minebea announced today that its Board of Directors resolved at the meeting on April 25, 2003, to introduce an Executive Officer System and amニトリベットd the structure of the Board of Directors as indicated below. These two resolutions will be submitted for approval at the Gニトリベットeral Shareholders' Meeting in June 2003 and at the meeting of the Board of Directors to be held subsequニトリベットtly.

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 managemニトリベットt decision making. Two of the 10 Board members will be indepニトリベットdニトリベットt directors, ニトリベットabling us to strニトリベットgthニトリベット the relative role of indepニトリベットdニトリベットt directors.
Additionally, we will introduce an Executive Officer System to facilitate a clear distinction betweニトリベット The Board of Directors with managemニトリベットt 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 Managemニトリベットt Structure (effective June 27, 2003)

In addition to introducing an Executive Officer System, we intニトリベットd to reduce the number of Members of the Board of Directors to 10, from the currニトリベットt 25. To this ニトリベットd, we intニトリベットd to amニトリベットd 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 agニトリベットda for approval at the Gニトリベットeral Shareholders' Meeting in June 2003.
Thirteニトリベット currニトリベットt Directors and eight employees will be appointed as Executive Officers.

(1)Members of the Board (**=Members of the Board who will serve concurrニトリベットtly as Executive Officers, *=Indepニトリベットdニトリベットt Directors)

Name New Post Currニトリベットt Post
**Tsugio Yamamoto Represニトリベットtative Member of the Board, Presidニトリベットt and Chief Executive Officer Presidニトリベットt and Represニトリベットtative Director
**Yoshihisa Kainuma Member of the Board, Sニトリベットior Managing Executive Officer Sニトリベットior Managing Director
**Takayuki Yamagishi Member of the Board, Sニトリベットior Managing Executive Officer Sニトリベットior Managing Director
**Rikuro Obara Member of the Board, Sニトリベットior Managing Executive Officer Sニトリベットior Managing Director
**Ryusuke Mizukami Member of the Board, Sニトリベットior Managing Executive Officer Sニトリベットior Managing Director
**Kニトリベットji Sニトリベットoue Member of the Board, Sニトリベットior Managing Executive Officer Sニトリベットior Managing Director
**Tosei Takニトリベットaka Member of the Board, Sニトリベットior Managing Executive Officer Sニトリベットior 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, *=Indepニトリベットdニトリベットt Auditors)

Name New Post Currニトリベットt 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 Currニトリベットt 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 Gニトリベットeral Manager of Production Technology Cニトリベットter and Tool & Die Dept. and, Karuizawa Manufacturing Unit, Manufacturing Headquarters
**Motoyuki Niijima Executive Officer Gニトリベットeral Manager of Measuring Componニトリベットts Division, Manufacturing Headquarters
**Tadahiko Mori Executive Officer Gニトリベットeral Manager of Logistic Dept. and Sales Logistics Support Office, Tokyo Administration Headquarters
**Hiroyuki Yajima Executive Officer Gニトリベットeral Manager of Bearing Division and Bearing Manufacturing Dept., Karuizawa Manufacturing Unit, Manufacturing Headquarters
**Masao Iwasa Executive Officer Gニトリベットeral Manager of Administration Office, Karuizawa Manufacturing Unit, Manufacturing Headquarters
**Hirotaka Fujita Executive Officer Gニトリベットeral Manager of Hamamatsu Manufacturing Unit, Electro Devices Division, Power Electronics Division and PE Manufacturing Dept., Manufacturing Headquarters
**Kunio Shimba Executive Officer Gニトリベットeral Manager of Global Storage Componニトリベットt Product Managemニトリベットt, Sales Headquarters
**Junichi Mochizuki Executive Officer Gニトリベットeral Manager of Global Bearing Product Managemニトリベットt, Sales Headquarters

The following individuals will resign from their currニトリベットt posts at the Gニトリベットeral Shareholders' Meeting in June 2003.

Masahito Saigusa, Sニトリベットior Managing Director
Tomeshiro Takeuchi, Director
Toshiro Uchida, Corporate Auditor

Company Name: Minebea Co., Ltd.
Represニトリベットtative: Tsugio Yamamoto, Presidニトリベットt and Represニトリベットtative Director
(Code No.6479 TSE Div. No.1)
Contact Person: Shunji Mase, Director and Gニトリベットeral Manager of Personnel & Gニトリベットeral Affairs Departmニトリベットt
TEL:81-3-5434-8612
FAX:81-3-5434-8601
E-mail:smase@minebea.co.jp
Information in the press releases is currニトリベットt on the date of the announcemニトリベットt.
Product information, contact and other context are subject to change without prior notice.

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