Business Structure Transformation under the New Medium-Term Management Plan “DRIVE NTN100”

「To strengthen the earnings base of its CVJ and axle-bearing businesses, the Company is advancing realignment plans, including the consolidation and closure of plants, in Europe, China, and the Americas. Progress in Europe and China is in line with plan, while in the Americas the Canadian plant will be closed in December this year and the consolidation of U.S. plants has also entered the execution stage.」

「Under these circumstances, we will focus on executing business structure reforms centered on production realignment and improving our “earning power” through the strengthening of “SQCCD,” with the aim of continuing the “acceleration of business structure transformation” set out in the new medium-term management plan “DRIVE NTN100” Final, which began in April 2024, and completing the revitalization of NTN.」

「In Europe, China, and Canada, plans for realignment, including the consolidation and closure of plants, have already entered the execution stage, and execution will also begin in the United States from fiscal 2025. For new products, mass production of CFJ (high-efficiency fixed-type constant-velocity joints and other products) has also begun in Europe, and the Company is working to reduce costs in order to further expand sales.」

「Under these circumstances, we will focus on executing business structure reforms centered on production realignment and improving our “earning power” through the strengthening of “SQCCD,” with the aim of continuing the “acceleration of business structure transformation” set out in the new medium-term management plan “DRIVE NTN100” Final, which began in April this year, and completing the revitalization of NTN.」

「There were no significant changes during the first 3 quarters of the fiscal year to the basic management policies and strategies established by the Group, its business and financial issues requiring priority attention, the objective indicators used to assess progress toward management objectives, or its basic policy regarding corporate control.」

「In these circumstances, the Company aims to steadily implement the measures set out in Phase 2 of the medium-term management plan "DRIVE NTN100," which began in April 2021, accelerate transformation of its business structure, strengthen its financial structure and organizational framework, and build a corporate structure capable of responding flexibly to changes in the business environment.」

「In these circumstances, the Company aims to steadily implement the measures set out in Phase 2 of the medium-term management plan "DRIVE NTN100," which began in April 2021, accelerate transformation of its business structure, strengthen its financial structure and organizational framework, and build a corporate structure capable of responding flexibly to changes in the business environment.」

「In these circumstances, the Company aims to steadily implement the measures set out in Phase 2 of the medium-term management plan "DRIVE NTN100," which began in April 2021, accelerate transformation of its business structure, strengthen its financial structure and organizational framework, and build a corporate structure capable of responding flexibly to changes in the business environment.」

「In these circumstances, the Company aims to steadily implement the measures set out in Phase 2 of the medium-term management plan "DRIVE NTN100," which began in April 2021, accelerate transformation of its business structure, strengthen its financial structure and organizational framework, and build a corporate structure capable of responding flexibly to changes in the business environment.」

「In these circumstances, the Company aims to steadily implement the measures set out in Phase 2 of the medium-term management plan "DRIVE NTN100," which began in April 2021, accelerate transformation of its business structure, strengthen its financial structure and organizational framework, and build a corporate structure capable of responding flexibly to changes in the business environment.」

「In these circumstances, the Company aims to steadily implement the measures set out in Phase 2 of the medium-term management plan "DRIVE NTN100," which began in April 2021, accelerate transformation of its business structure, strengthen its financial structure and organizational framework, and build a corporate structure capable of responding flexibly to changes in the business environment.」

「In the European market, where emissions regulations are becoming stricter and the shift to EVs is accelerating, mass production began during the current fiscal year for a large-scale business involving EVs from a premium brand. In addition, the Group has begun to achieve results in its target markets and segments, including the decision to make the first mass-production adoption of its CFJ (next-generation high-efficiency fixed-type constant-velocity joint, etc.) for SUVs.」

「There were no significant changes during the first 3 quarters of the fiscal year to the basic management policies and strategies established by the Group, its business and financial issues requiring priority attention, the objective indicators used to assess progress toward management objectives, or its basic policy regarding corporate control.」

「There were no significant changes during the first 2 quarters of the fiscal year to the basic management policies and strategies established by the Group, its business and financial issues requiring priority attention, the objective indicators used to assess progress toward management objectives, or its basic policy regarding corporate control.」

「In these circumstances, the Company aims to steadily implement the measures set out in Phase 2 of the new medium-term management plan "DRIVE NTN100," which began in April this year, accelerate transformation of its business structure, strengthen its financial structure and organizational framework, and build a corporate structure capable of responding flexibly to changes in the business environment.」

「Under Phase 2 of the new three-year medium-term management plan "DRIVE NTN100," which began in April this year, the policy of accelerating transformation of the business structure set out in the previous medium-term management plan remains unchanged. The Company positions the 3-year period as a period for strengthening its financial structure and aims to build a corporate structure capable of responding flexibly to changes in the business environment.」

「There were no significant changes during the first 3 quarters of the fiscal year to the basic management policies, management strategies and business environment established by the Group, its business and financial issues requiring priority attention, or the objective indicators used to assess progress toward management objectives.」

「There were no significant changes during the first 2 quarters of the fiscal year to the basic management policies, management strategies and business environment established by the Group, its business and financial issues requiring priority attention, or the objective indicators used to assess progress toward management objectives.」

「There were no significant changes during the first quarter of the fiscal year to the basic management policies, management strategies and business environment established by the Group, its business and financial issues requiring priority attention, or the objective indicators used to assess progress toward management objectives.」

「Under the three-year medium-term management plan "ＤＲＩＶＥ　ＮＴＮ１００," which began in April 2018, the Group is integrating the latest digital technologies with the management resources it has developed and pursuing the development of innovative technologies, products and services, procurement reform, productivity and quality, and improved asset efficiency. Although it has advanced various measures to achieve these objectives and accelerated transformation of its business structure, performance for the cumulative third quarter of the current consolidated fiscal year did not reach the level of the same period of the previous year.」

「To achieve this long-term vision, the Company is implementing the new three-year medium-term management plan "ＤＲＩＶＥ ＮＴＮ１００," which began in April last year. It aims to integrate the latest digital technologies with the management resources developed by the Group and pursue the development of innovative technologies, products and services, procurement reform, productivity and quality, and improved asset efficiency. It will advance the following 3 key initiatives to achieve these objectives and accelerate transformation of its business structure.」

「Under the three-year medium-term management plan "ＤＲＩＶＥ　ＮＴＮ１００," which began in April 2018, the Group is integrating the latest digital technologies with the management resources it has developed and pursuing the development of innovative technologies, products and services, procurement reform, productivity and quality, and improved asset efficiency. Although it has advanced various measures to achieve these objectives and accelerated transformation of its business structure, performance for the cumulative first quarter of the current consolidated fiscal year did not reach the level of the same period of the previous year.」

「To achieve this long-term vision, the Company is implementing the new three-year medium-term management plan "ＤＲＩＶＥ ＮＴＮ１００," which began in April last year.」

「To achieve this long-term vision, the Company will implement a new three-year medium-term management plan, "ＤＲＩＶＥ ＮＴＮ１００" (DRIVE NTN Transformation for New 100: accelerating transformation toward the next 100 years), beginning in April last year. It aims to integrate the latest digital technologies with the management resources developed by the Group and pursue the development of innovative technologies, products and services, procurement reform, productivity and quality, and improved asset efficiency. It will advance the following 3 key initiatives to achieve these objectives and accelerate transformation of its business structure.」

「To achieve this long-term vision, the Company will implement a new three-year medium-term management plan, "ＤＲＩＶＥ ＮＴＮ１００" (DRIVE NTN Transformation for New 100: accelerating transformation toward the next 100 years), beginning in April this year. It aims to integrate the latest digital technologies with the management resources developed by the Group and pursue the development of innovative technologies, products and services, procurement reform, productivity and quality, and improved asset efficiency. It will advance the following 3 key initiatives to achieve these objectives and accelerate transformation of its business structure.」

「Under the three-year medium-term management plan "ＤＲＩＶＥ　ＮＴＮ１００," which began in April this year, the Group aims to integrate the latest digital technologies with the management resources it has developed and pursue the development of innovative technologies, products and services, procurement reform, productivity and quality, and improved asset efficiency. It will advance various measures to achieve these objectives and accelerate transformation of its business structure.」

「To achieve this long-term vision, the Company will implement a new three-year medium-term management plan, "ＤＲＩＶＥ ＮＴＮ１００" (DRIVE NTN Transformation for New 100: accelerating transformation toward the next 100 years), beginning in April this year.」