NSK Announces Revision of Business Forecast for FY ending March 2006(pic)

Tokyo, October 24, 2005 -- NSK Ltd. (TSE:6471) today announced that the Company has revised its business forecast for the first half and full fiscal year ending March 31, 2006. 1. Revised forecast for the first half of FY 2005 (from April 1, 2005 to September 30, 2005) (1) Consolidated forecast 3. Reasons for Revision Forecast for the first half of FY 2005 has been revised due in large part to a ¥2.5 billion extraordinary gain on sale of cross-held investment securities. At the same time, we are expecting a one-time ¥1.8 billion restructuring expense from our North American operations. These two main offsetting factors are the reasons we have made no revisions to mid-term and full year (ending March 31, 2006) consolidated net income.