Middle-term management plan presentation meeting was held.

On February 28, 2001, middle-term management plan was presented at the head office of Nomura Securities Co., Ltd. Beginning with President Mukaiyama's speech about the management concept and company background, director Urano presented middle-term management plan including management goal, basic strategy and target financial figures. We consider resistor business as our core business to obtain stable profit and will promote aggressive marketing in Asia, while expanding into peripheral business such as hybrid IC and coil products for future success by developing unique products with the utilization of basic technologies. We will strive to accomplish sales of 106 billion Yen and ordinary profit of 13.5 billion Yen in three years by realizing the above-mentioned objectives. President Mukaiyama spoke about the management concept and company background. Director Urano presented middle-term management plan. Ninety-six analysts attended with deep interests. President Mukaiyama answered the questions given by analysts.