NACHI-FUJIKOSHI CORP.

Masamichi Honda was appointed as President.

management restructured due to Japan's deflationary economic environment and appreciating yen.

cooperated with Koyo Seiko., Ltd. in the area of bearings.

obtained ISO 9001 certification in 1995 for each division and overseas plant.

Kensuke Imura was appointed as President.

setup new corporate brand mark at the 70th anniversary.

established NACHI Techno Square in the Toyama plant.

set up new management system in keeping with the philosophy "Prospective Selection and Integration".

changed eight-division structure to three main manufacturing divisions and three strategic divisions.

concluded technical assistance agreement with TISCO (India) for the manufacture of bearings.

comprehensive business tie-up with Sumitomo Electric Industries, Ltd. in the area of cutting tools.

expanded overseas supply systems (Thai plant and others) to enhance sales bases.

cooperated with Daido Steel Co., Ltd. in the material field.

announced mid-term management plan "NACHI Business Plan 03".

built a new factory for broaches, high speed steel wire materials, and hydraulic pumps.

cooperated with Daihen Corporation in the robotic field. obtained ISO14001 Certification.

introduced Meister system.

established Marketing Strategy Headquarters and Development Headquarters.

formed Gear Production Alliance in the gear-processing field.

cooperated with Erasteel S.A. (France) in the high speed steels field.

introduced performance-based salary system.

expanded stock Ownership Plan.

The 75th anniversary.

built QA Lab, Kohki Hall and Development Office in NACHI-BUSINESS Galaxy.

integrated the ultra-precision machining field into machine and cutting tool business.

formed a joint venture with Shanghai Automotive Industry Corp. in bearing business.

created a mid-term management plan, "Prospect of NACHI Business 2006".

begun recruitment on an as-needed base.