Integration of the Domestic Aftermarket Business and Name Change of NTN Bearing Service Corporation

Release Time：10 Apr,2018

<p> <p class="mb05" style="text-align:center;margin-top:0px;padding:0px;line-height:1.85em;"> <img src="/membcentre/editor/attached/image/20180410/20180410093907_16215.jpg" alt="" /> </p> <p class="mb05" style="margin-top:0px;padding:0px;line-height:1.85em;"> NTN Corporation (hereafter, NTN) integrates aftermarket business sales offices in Japan with NTN Bearing Service Co., Ltd., its consolidated subsidiary, on April 1, 2018 with the aim of strengthening sales in the aftermarket business in Japan. Accordingly, the company name NTN Bearing Service Co., Ltd. is changed to “NTN Sales Japan Corporation.” </p> <p class="mb1em" style="margin-top:0px;margin-bottom:1em;padding:0px;line-height:1.85em;"> Sales in the aftermarket business in Japan had been covered by two contacts, NTN and NTN Bearing Service Co., Ltd. until now. The business integration the sales contacts will be covered solely by NTN Sales Japan Corporation. Consolidation of information and management will help improve customer service and speed as well as expand sales, and is aimed at increasing profits with more efficient business operations. </p> </p> <div class="section" style="margin:0px 0px 30px 15px;padding:0px;clear:both;width:660px;font-family:Meiryo, Osaka, sans-serif;font-size:15px;line-height:normal;white-space:normal;background-color:#FFFFFF;"> <h3 class="head2" style="margin:0px 0px 12px;padding:0px 0px 10px;font-size:15px;clear:both;background:url(http://www.ntnglobal.com/en/images/head2_bg.gif) 0% 100% no-repeat;"> NTN Sales Japan Corporation Overview </h3> <table class="tb_data3 typeA mb20" style="margin:0px 0px 20px;padding:0px;width:658.75px;border:2px solid #B0CDEB;"> <tbody style="margin:0px;padding:0px;"> <tr style="margin:0px;padding:0px;"> <th style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;white-space:nowrap;background:url(http://www.ntnglobal.com/en/images/tb_head_bg_02.gif) 0% 50% no-repeat;"> (1)Comapny name </th> <td style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;"> NTN Sales Japan Corporation </td> </tr> <tr style="margin:0px;padding:0px;"> <th style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;white-space:nowrap;background:url(http://www.ntnglobal.com/en/images/tb_head_bg_02.gif) 0% 50% no-repeat;"> (2)Line of business </th> <td style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;"> Sales of bearings and related components </td> </tr> <tr style="margin:0px;padding:0px;"> <th style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;white-space:nowrap;background:url(http://www.ntnglobal.com/en/images/tb_head_bg_02.gif) 0% 50% no-repeat;"> (3)Location </th> <td style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;"> Taiyo Seimei Shinagawa Bldg. 24F, 2-16-2 Konan, Minato-ku, Tokyo </td> </tr> <tr style="margin:0px;padding:0px;"> <th style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;white-space:nowrap;background:url(http://www.ntnglobal.com/en/images/tb_head_bg_02.gif) 0% 50% no-repeat;"> (4)Sales offices </th> <td style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;"> Sapporo, Sendai, Utsunomiya, Tokyo, Sagamihara, Numazu, Hamamatsu, Nagoya, Kanazawa, Osaka, Kurashiki, Hiroshima, Kitakyushu, Fukuoka </td> </tr> <tr style="margin:0px;padding:0px;"> <th style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;white-space:nowrap;background:url(http://www.ntnglobal.com/en/images/tb_head_bg_02.gif) 0% 50% no-repeat;"> (5)Representative </th> <td style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;"> President Munehiro Kuroda<br style="margin:0px;padding:0px;" /> (appointed on April 1, 2018) </td> </tr> <tr style="margin:0px;padding:0px;"> <th style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;white-space:nowrap;background:url(http://www.ntnglobal.com/en/images/tb_head_bg_02.gif) 0% 50% no-repeat;"> (6)Capital </th> <td style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;"> 480 million yen </td> </tr> <tr style="margin:0px;padding:0px;"> <th style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;white-space:nowrap;background:url(http://www.ntnglobal.com/en/images/tb_head_bg_02.gif) 0% 50% no-repeat;"> (7)Investment ratio </th> <td style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;"> NTN Corporation 100% </td> </tr> <tr style="margin:0px;padding:0px;"> <th style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;white-space:nowrap;background:url(http://www.ntnglobal.com/en/images/tb_head_bg_02.gif) 0% 50% no-repeat;"> (8)Date of name change </th> <td style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;"> April 1, 2018 </td> </tr> </tbody> </table> </div>