NTN Notice Regarding Difference between Forecast and Actual Results of Consolidated Earnings

Release Time：01 Nov,2017

NTN Corporation (the Company) hereby advises that a difference has arisen as follows between the forecast of consolidated earnings for the six months ended September 30, 2017 announced on May 12, 2017, and the actual results that were announced today. The full-year earnings forecast for the fiscal year ending March 31, 2018 that was announced on May 12, 2017 has also been revised as follows based on the results of this six months ended September 30, 2017. 1. Difference between Forecast of Consolidated Earnings for Six Months Ended September 30, 2017 and Actual Results (April 1 to September 30, 2017) <a href="http://www.bearing.com.cn/RecommendedCompany/20171101084955.png" style="text-align:center; display:block;"><img src="http://www.bearing.com.cn/RecommendedCompany/20171101084955.png" /></a> 2. Revision to Consolidated Earnings Forecast for Fiscal year Ending March 31, 2018 (April 1, 2017 to March 31, 2018) <a href="http://www.bearing.com.cn/RecommendedCompany/20171101085139.png" style="text-align:center; display:block;"><img src="http://www.bearing.com.cn/RecommendedCompany/20171101085139.png" /></a> 3. Reason for Difference and Revision Earnings for the six months ended September 30, 2017 surpassed the forecast chiefly because there were a recovery of customer demands and the exchange-rates effects and also the Company does not record the loss related to Anti-monopoly Act as estimated. The full-year earnings forecast has been revised based on the results of this six months ended September 30, 2017. The Company plans to use an exchange rate of 1US$ = 110 yen and 1EURO = 125 yen for the third quarter and on. * The earnings forecast above has been created based on data current as of the date of this announcement, and actual earnings may differ from these figures for earnings forecast.