Using recycled paper to preserve our environment. ZE36.18.07.06 NI/NI Company Outline

Corporate name NTN Corporation Representative Eiichi Ukai, Director Trademark Representative Executive Officer President, Executive Officer Date founded March 1918 CEO(Chief Executive Officer)

Capital 54.3 billion yen Number of employees 5,948 (consolidated:23,292) * As of end March 2021

Head Office 1-3-17, Kyomachibori, Nishi-ku, Osaka-shi, Osaka Fiscal term March 550-0003 Description of Production and sales of mechanical parts and Business epuipment, such as bearings, driveshafts, and precision equipment Sales Highlights

Consolidated Financial Results Non-Consolidated Financial Results (Net sales, Operating income) (Net sales, Operating income)

Operating income Net sales (consolidated)

(Unit: 100 million yen) 7,447 7,338 Operating income Net sales (Non-consolidated) 6,520 7,000 6,836 (Unit: 100 million yen) 5,628 (Unit: 100 million yen) 6,000 (Unit: 100 million yen) 4,000 3,510 3,336 3,463 300 5,000 3,208 2,667 400 3,000 399 200 4,000 359 300 2,000 272 100 3,000 200 1,000 22 2,000 -94 0 -15 100 12 -54 75 0 1,000 -100 -31 0 FY2020 FY2019 FY2018 0 FY2020 FY2017 FY2019 FY2016 -200 FY2018 FY2017 -100 FY2016

Sales by Business Segment (consolidated) Net Sales by Region (consolidated)

Aftermarket Industrial Application and Others 21% machinery 16% 24% 18% Total: Automotive Total: 562.8 billion yen 66% 562.8 billion yen Americas 26% 29%

(FY 2020) (FY 2020) History

1918 Began research and manufacture of ball bearings at Nishizono Ironworks. 1973 Established NTN -CAE Mfg.() Ltd. (merged with NTN Bearing Corp. of (Uchibori, Kuwana-cho, Kuwana-gun, Mie Pref.) Canada Ltd. in 1981). Constructed constant velocity joint plant at Toyo Bearing Iwata Co., Ltd. 1923 Nishizono Ironworks and Tomoe Trading Co. (Nishi-ku, Osaka) began joint manufacture Established NTN Bearing- Sdn. Bhd. in Malaysia. and sale of bearings under the brand name NTN. 1975 Established NTN Elgin Corp. in U.S.A. (merged with American NTN Bearing 1927 NTN Mfg. Co., Ltd. established with capital of 50,000 yen. Corp. in 1985) Established NTN Sudamericana, S.A. in Panama. 1934 Reorganized into a stock company with capital of 3,000,000 yen. 1976 Established NTN Sales Co., Ltd. (Later company name changed to NTN Sales Co., Ltd. 1937 Named the Toyo Bearing Mfg. Co., Ltd. and merged with NTN Corporation in 2000). Increased capital to 10,000,000 yen. Company stock traded publicly. Established NTN De S.A. in Mexico.

1938 Established Showa Bearing Mfg. Co., Ltd.(the present Takarazuka Works) in Muko-gun, 1982 Constructed constant velocity joint plant in Toyo Bearing Co., Ltd. Hyogo Pref. (Later, merged and company name changed to Mukogawa Works in 1939) Licensed constant velocity joint technology to Hyundai Motors. (South Korea) (Later, company name changed to Takarazuka Works in 1962) 1984 Established Toyo Bearing Nagano Co., Ltd. (the present Nagano Works, merged with 1939 Constructed Kuwana Plant.(the present Kuwana Works) NTN Corporation in 1989)

1943 Commenced production of balls at Kuwana Plant. 1985 Licensed bearing production technology to National Engineering Industries Ltd. () Established NTN-Bower Corporation, a joint venture with Federal Mogul Corporation. 1954 Awarded the Deming Prize for statistical quality control for the first time in the Japanese (U.S.A.) (Became a consolidated subsidiary to NTN Corporation in 1987) machinery industry. 1986 Constructed Japan's first plant dedicated to aerospace bearings, In Kuwana Works. 1960 Established Toyo Bearing Iwata Co., Ltd.(the present Iwata Works) and began mass Cumulative total of all constant velocity joints produced reaches 100 million. production of ball bearings.(merged with NTN Corporation in 1983). Merged with Nishibayashi Precision Engineering Co., Ltd. (Later company name 1988 Established Unidrive Pty. Ltd., a joint venture manufacturer of constant velocity joints in changed to NTN Hirano Ironworks, closed in 2001) . Established NTN Technical Center (U.S.A) ,Inc. (Transferred functions to NTN 1961 Acquired Kongo Bearing Co., Ltd. (the present NTN Kongo Corp.). Automotive Center at NTN Bearing Corp. of America in 2002) Established NTN Wälzlager (Europa) G.m.b.H in West Germany. 1989 Constructed Iwata Engineering Center. 1962 Constructed needle bearing plant at Toyo Bearing Iwata Co., Ltd. Established NTN Driveshaft Inc. in the U.S.A. Established Toyo Bearing Machine Tool Laboratory Co., Ltd. (the present Production Changed company name to NTN Corporation. Engineering R&D Center). 1990 NTN USA Corporation established as headquarters in the U.S.A. 1963 Established NTN Bearing Corp. of America. Constructed Kuwana Engineering Center. Entered into a technical tie-up with Co., Ltd. in the U.K. and began production of constant velocity joints 1994 Obtained ISO9002 certification (Kuwana Works). Established a distribution center in Singapore. 1964 Established NTN SIDAG S.A. in . (the present NTN France S. A.) in a Joint venture with INA-SIDAG. (Became a consolidated subsidiary to NTN Corporation in 1973) 1996 Bought the ball bearing division of American firm Federal Mogul Corporation (U.S.A), Established NTN Bearing-Birfied Ltd. (the present NTN Bearings (UK) Ltd.) in a joint NTN-BCA established. venture with Birfeld. (Became a consolidated subsidiary to NTN Corporation in 1988) 1997 Nagano Works and related engineering departments obtained ISO9001/QS-9000 1965 Entered a business tie-up with Dixon Corp. of the U.S.A. and established Toyo Bearing certification for their quality systems. Rulon Co., Ltd. (the present NTN Engineer Corp.) through merger (Renamed as Cumulative total of all constant velocity joints produced reaches 200 million. NTN Engineer Plastic Corp. and became a consolidated subsidiary to NTN Corporation Established NTN do Brasil Ltda. in Brasil. in 1991). Established NTN Walzlager Bologna Branch Office in Italy.

1966 Established Toyo Bearing Powder Metal Co., Ltd.(the present NTN Advanced Materials 1998 Established NTN Manufacturing () Co., Ltd. for the manufacture of bearings Corporation.) and constant velocity joints. Iwata area NTN enterprises obtained ISO14001 certification. 1968 Established NTN Bearing Corp. of Canada Ltd. Established NTN Europe for CVJ production through a joint corporation with of France. 1971 Established American NTN Bearing Mfg. Corp. in the U.S.A. Established NTN Trading- Ltd. (the present NTN Ltd.) in Hong Kong. 1999 All plants and R&D Centers in Japan obtained ISO14001 certification by a multi-site Established NTN Bearing Singapore (PTE) Ltd. in Singapore. qualification procedure. Established Toyo Bearing Okayama Co.,Ltd. (the present Okayama Works, merged with NTN Corporation in 1983) 2002 In a joint venture, established NTN Corporation in China for the manufacture Established NTN Kugellagerfabrik (Deutschland) G.m.b.H. in Germany. of CVJ casset and other products. In a joint venture with Corporation of Japan, established NTN-NIDEC() 1972 Renamed as NTN Toyo Bearing Co., Ltd. Corporation in China for the manufacture of FDB units. Established NTN Toyo Bearing Product Development Institute (the present New Product In a joint venture with Yulong Group Corporation, established NTN- Development R&D Center). Drivetrain Co., Ltd. in Guang Zhou, China for the manufacture of constant velocity joints. History

2003 Cumulative total of all constant velocity joints produced reaches 300 million. 2011 The sales company PT.NTN BEARING INDONESIA was established in Indonesia. Established NTK Precision Corporation, a manufacturing company for heat The NTN-LYC () Bearing Corporation was established in China in a joint treatment and turning in the U.S.A.. venture with the Luoyang LYC Bearing Co., Ltd. as a manufacturer and sales company Established NTN-Seohan Driveshaft Co., Ltd, a joint venture with Korea Flange of hub bearings and needle bearings. Co., Ltd. in China for constant velocity joint production. of the NTN China Technical Center in China was completed. Established Asahi Forge of America Corporation, a manufacturing company for Nippon Kagaku Yakin Co., Ltd. became a subsidiary of NTN Corporation. processing in the U.S.A.. Established NTN CORPORATION in China for the production of industrial machinery bearings. 2004 NTN Mie Corporation established as a model factory for domestic bearing production. The sales company NTN-Dongpai (Shanghai) Bearing Sales Co., Ltd. was established In a joint venture, established Shangzhou NTN-Guangyang Corporation in China for the in China. manufacture of bearings. The sales company NTN BEARING INDIA PRIVATE LIMITED was established in India The Iwata Works, Kuwana Works, Okayama Works and Nagano Works acquire ISO9001 and ISO/TS16949 certification. 2012 NTPT Company Limited was established in Thailand in a joint venture with Takao Kogyo as a manufacture and sales of forging and turning parts. 2005 Established NTN (China) Investment Corporation as a holdings management company in China. 2013 Established the designated logistics company NTN LOGISTICS CO.,LTD. in Kuwana. Established NTN's General Research & Development Center in Iwata. Established NTN MANUFACTURING DE MEXICO, S.A.DE C.V. in Mexico for the In a joint venture with Nidec Corporation of Japan, established NTN-NIDEC(Thailand) manufacture and sales of hub bearings and constant velocity joints. Co., Ltd in Thailand for the manufacture of FDB units. Established NTN NEI Manufacturing India Pvt. Ltd. in India for the manufacture of 2014 Established Xiangyang NTN-Yulon Drivetrain Co., Ltd. in China for the manufacture and constant velocity joints. sales of constant velocity joints. Established NTN Kamiina Corporation for the manufacture of bearing rollers. 2015 Established NTN DRIVESHAFT ANDERSON, INC. in the U.S.A. as a center for the 2006 Invested in IFA-Antriebstechnik GmbH as a manufacturer of constant velocity joints in manufacture of drive shafts for automotive use. the German IFA Group. The company name was changed to NTN Advanced Materials Corporation following Established NTN Fukuroi Corporation as NTN's third domestic manufacturing base of the merger of NTN Powder Metal Corporation and Nippon Kagaku Yakin CO., LTD. constant velocity joints. 2016 NTN has established “Green Power Park” an energy circulation model of natural energy. 2007 In a joint venture with Korea Flange Co., Ltd. KOFCO Group, established Seohan-NTN Driveshaft USA Corporation in the U.S.A for the manufacture and sales of constant 2017 NTN Establishes “NTN Next Generation Research Alliance Laboratories” at Osaka velocity joints. University. Established NTN Hakui Corporation in Ishikawa for turning large bearings. Invested in SNR ROULEMENTS as a subsidiary to Renault. (Became a consolidated 2018 Integration of the Domestic Aftermarket Business and Name Change of NTN Bearing subsidiary to NTN Corporation in 2008.Renamed as NTN-SNR ROULEMENTS in Service Corporation. 2010.) NTN Concludes License Contract with FSAT Corp.(China) regarding In-Wheel Motor Established Nanjing Puzhen NTN Railway Bearing Co., Ltd. for the production of railway System. bearings in China jointly with Nanjing Puzhen Rolling Stock Works. Merged three consolidated subsidiaries; NTN Kongo Corporation, NTN Mikumo Company Limited, and NTN Engineering Corporation, and established Kongo 2008 Established NTN HoudatsuShimizu Corporation as a manufacturing and sales company Works of Industrial Business HQ, Mikumo Works of Automotive Business HQ, and of super-large bearings and machinery parts in . Composite Material Product Division Engineering Plastic Works. NTN Transmissions Europe as a manufacturing subsidiary acquired the Crézancy plant Acquired shares of Hakui Maruzen Co., Ltd. which manufactures forged products for of Setfoge, a leading manufacturer in France, and established NTN Transmissions bearings, connectors of casing pipe in oil drilling, and construction machineries in Europe Crézancy. Ishikawa Prefecture, Japan. Established NTN Akaiwa Corporation as a manufacturing and sales company of various bearings for automobiles and industrial machinery in Okayama prefecture. 2019 Concluded joint venture agreement for driveshaft business with PT. Inti Ganda Perdana in Indonesia and established PT. Astra NTN Driveshaft Indonesia, a manufacturing 2009 Established NTN's Elemental Technology R&D Center in kuwana. company for driveshafts. Established NTN Shika Corporation in Ishikawa for forging large bearings. 2020 Set brand statement “Make the world NAMERAKA” 2010 Established Seohan-NTN Bearing Co.,Ltd., a manufacture and sales for large sized wind turbines, jointly with Seohan in Korea. 2021 Established NTN Middle East FZE, a sales company in the United Arab Emirates (UAE) Established NTN driveshaft do Brasil for the manufacture and sales of constant velocity Expressed support of recommendations from “Task Force on Climate-related Financial joints in Brazil. Disclosures (TCFD)” The NTA Precision Axle Corporation was established in the U.S. as a manufacturer and sales company for forging, turning and heat treatment of parts. The NTN Noto Corporation was established in Ishikawa prefecture as a manufacturer and sales company of bearings for industrial machinery.