2003

Announcing the Introduction of a Managing Officer System

During the December 24 meeting of the board of directors, a resolution was passed with regard to the introduction of a new operating officer system to come to effect as of January 1, 2004.

Details are as follows.

December 24, 2003

* For inquiries concerning this subject, please contact Mr Noriyoshi Tabata of the General Affairs Department, Public Relations Section
Email:koho@mitsuba.co.jp

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Mitsuba Takes Home the TPM Special Award, the Continuity Award and the Grand Prize

We are pleased to announce that the Japan Institute of Plant Maintenance, in its 2003 TPM Awards, has bestowed the TPM Special Award on our Niisato Plant, the Class 1 TPM Award for Continued Excellence on our Tone Plant, and the Class 2 TPM Award for Excellence on our affiliate Mitsuba Walbro, Inc. (MWI).

The outlines of these awards are as follows:

November 21, 2003

1.	Ceremony
	Date: 14:30 Tuesday, December 9, 2003 Place: Pacifico Yokohama 1-1-1 Minato-mirai, Nishi-ku, Yokohama, Kanagawa
2.	Awards Received 1) Awards and Granted Plants Niisato Plant TPM Special Award Tone Plant Class 1 TPM Award for Continued Excellence MWI Class 2 TPM Award for Excellence 2) Activities and Points of Evaluation Niisato Plant By combining management innovation activities (MNP) and TPM activities, the Niisato Plant has created 5 virtual companies and implemented increases in the speed of improvements and the development of SCM through real time management using PCs. MNP Mitsuba Niisato Pulsate Production System (An ever-active production system of the Niisato Plant) Virtual companies Fictitious companies created in the Niisato Plant SCM Supply Chain Management (Optimization of a chain of trans-corporate activities from receiving orders to sales) Tone Plant Guided by the motto of "an ever-evolving plant," the Tone Plant has developed from partial optimization (improvement of operations and processes) to overall optimization (improvement of systems) by adding production innovation to its 8 pillars, and it has carried out activities that are combined with the MTR systems (Mitsuba Tone Ripple Production System and strategy development system) which is based on self-supply, self-support, kindness and visibility. MWI Mitsuba Walbro, Inc., has implemented the 8 pillars of TPM activities based on the self-maintenance activities to provide self-protection for its own equipment. It has also implemented a promotion of the worker autonomy by improving knowledge and skills, through the improvement of quality backed by improved capability, and through the establishment of a production base with improved machining and production techniques. 3. Achievements brought by the activities Niisato Plant Real sales gain in comparison with BM 35% increase Inventory turnover period in comparison with BM 75% reduction Delivery of poor quality in comparison with BM 94% reduction Innovative activities with the participation of entire staff were expanded to the "development of people" and development of culture." "Differentiation" was advanced due to dodgy improvements by using production techniques. Tone Plant Reduction of one third of gross loss (2 years) Delivery of poor quality in comparison with BM 1/10 Overall equipment effectiveness Over 90% Reduction of stock by half MWI Labor productivity in comparison with BM 120% Overall equipment effectiveness Over 85% 94% of the concerned workers are qualified machine maintenance technicians. Grade 1 technicians: 18 workers (56%) Grade 2 technicians: 12 workers (38%) * BM = Bench Mark 4. MITSUBA TPM Particulars 1986 TPM activities initiated (Mitsuba) 1996, Nov. The Niisato Plant begins activities designed to achieve the TPM Award for Excellence 1998, Sep. The Niisato Plant receives the Class 1 TPM Award for Excellence 1999, Jun. MWI begins activities designed to achieve the TPM Award for Excellence 1999, Sep. The Tone Plant begins activities designed to achieve the TPM Award for Excellence 2001, Nov. The Niisato Plant receives the Class 1 TPM Award for Continued Excellence and The Tone Plant receives the Class 1 TPM Award for Excellence 2003, Nov. The Niisato Plant receives the TPM Special Award, the Tone Plant the Class 1 TPM Award for Continued Excellence, and MWI the Class 2 TPM Award for Excellence. 5. Future Activities With regard to the Niisato, Tone Plants and MWI, plans call for further activities and enthusiastic expansions to be carried out in the future. Other plants and affiliated companies are to follow in our footsteps as we continue in our pursuit to improve our facilities and generate changes in the environment through the establishment of a predisposition towards strong management.

* For inquiries concerning this subject, please contact Mr Noriyoshi Tabata of the General Affairs Department, Public Relations Section
Email:koho@mitsuba.co.jp

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By winning the Final Round of the 2003 WEMGP, the "World EV Challenge in Sugo", Mitsuba wins the 2003 WEMGP Grand Championship

We are extremely pleased to announce that with its victory in the recent "World EV Challenge in Sugo", the Final Round of the 2003 World Econo Move Grand Prix (WEMGP), held on Saturday, November 2 and Sunday, November 3 in Sugo in Miyagi Prefecture, our team won the overall 2003 WEMGP Grand Prix Championship for the second year in a row.

Details of the race are as follows.

November 10, 2003

* For inquiries concerning this subject, please contact Mr Noriyoshi Tabata of the General Affairs Department, Public Relations Section
Email:koho@mitsuba.co.jp

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Acquisition of International Certificates by Overseas Affiliates

We are pleased to announce that our overseas affiliates, Mitsuba Automotive Systems of Europe (MASE) in Hungary and Mitsuba Sical India Ltd. (MSIL) in India, have acquired ISO certificates.

Details are as follows:

October 24, 2003

* For inquiries concerning this subject, please contact Mr Noriyoshi Tabata of the General Affairs Department, Public Relations Section
Email:koho@mitsuba.co.jp

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Mitsuba to Carry Out Vicarious Execution Returns of the Employee Pension Fund to the National Government

We would like to take this opportunity to announce that the MITSUBA Corporation application requesting the vicarious execution returns of our employee pension fund to the national government has been approved.

Details are as follows:

September 4, 2003

* For inquiries concerning this subject, please contact Mr Noriyoshi Tabata of the General Affairs Department, Public Relations Section
Email:koho@mitsuba.co.jp

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Publication of The Environmental Report (1st Edition)

After giving the matter our serious consideration, the MITSUBA Corporation is proud to announce the publication of the MITSUBA ENVIRONMENTAL REPORT 2003.

Details are as follows:

August 28, 2003

* For inquiries concerning this subject, please contact Mr Noriyoshi Tabata of the General Affairs Department, Public Relations Section
Email:koho@mitsuba.co.jp

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Acquisition of Stock in an Overseas Affiliate

We are pleased to announce that the MITSUBA Corporation has decided to increase its acquisition of stocks in Mitsuba Sical India Ltd. (MSIL), a joint venture company located in India.

Details are as follows:

August 28, 2003

* For inquiries concerning this subject, please contact Mr Noriyoshi Tabata of the General Affairs Department, Public Relations Section
Email:koho@mitsuba.co.jp

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In-company organization and link-up

We are pleased to announce that, in a move designed to unify and strengthen the distribution activities of our company, we have decided to establish a link-up between the Mitsuba Trading Co.,Ltd. an affiliate involved in our distribution activities, and the Logistics Department of MITSUBA Corporation.

Details are as follows:

May 29, 2003

* For inquiries concerning this subject, please contact Mr Noriyoshi Tabata of the General Affairs Department, Public Relations Section
Email:koho@mitsuba.co.jp

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Mitsuba Wins Fuel-cell Race in Akita!

We are proud to announce that the MITSUBA Team carried out another outstanding performance in the second round of the WEM-GP, the World Econo Movement in Ogata, held on Saturday, May 3, and Sunday, May 4 in the village of Ogata in Akita Prefecture. Our team won first prize in the Fuel-cell division and came in 6th in the Lead Acid Storage Battery division.
Details of the race are as follows:

May 9, 2003

6. Comments from Mitsuba team regarding the race
	This was the first time for a Fuel Cell Division race to be held, and with no experience in this particular division, it proved to be a continuous learning experience for our team. Since one of our members was a professional chemist, much time for the preparation for the race was spent inside the laboratory. While this was the first race of its kind ever to be held, we feel that our team's victory was due to the members taking full advantage of their previous experience. Thanks to advances in the performance of our motor and controller, our team was able to respond sufficiently in the qualifying rounds of the Lead Acid Storage Battery Division. Unfortunately, in the very first lap of the final race, they experienced some electrical problems with leads and contact points that led to an insurmountable 10-minute delay. When the car got back on the track, our driver made a valiant high-speed effort that enabled the team to achieve a respectable 6th place finish. The next competition will be the WEM in Tsukuba, held at the Tsukuba Circuit on August 16. This is a circuit race that demands the more basic automobile performance areas of speed, turns and stopping. We can count on the members of Team "Yoishoto!" Mitsuba to do their very best, as always.
	The victorious USO 800 predecessor	A scene of the Lead Acid Storage Battery Division

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The Establishment of the Atsugi Office

The Mitsuba Corporation is proud to announce the opening of a new office in the city of Atsugi in Kanagawa Prefecture. This office will serve as a local Mitsuba sales office.

Details are as follows.

April 1, 2003

* For inquiries concerning this subject, please contact Mr Noriyoshi Tabata of the General Affairs Department, Public Relations Section
Email:koho@mitsuba.co.jp

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Mitsuba Scores a Double Victory in Eco Run and Eco Car Competitions!

The Mitsuba Corporation team participated in the recent Eco Car Festa 2003 held in the Konohana Ward, Osaka, from Friday, March 21 through Sunday, March 23. Among the variety of eco car classes in which competitions were held, we are extremely pleased to announce that our team won first place in the first round of this year's World Econo Move Grand Prix (WEM-GP), the "World Econo Move in Maishima Osaka 2003", and in the "First Twin Trial Maishima 2003 for Non-engine Non-motor Cars". Details of the races are as follows.

March 31, 2003

6. Comments from MITSUBA regarding the race

This was the first WEM-GP event of the year, as well as the first time for our team to run on these particular courses. Our team members examined the course layouts and determined the unique characteristics of the course prior to the start. Once the events had begun, they were confronted with a number of unforeseen circumstances, but they were able to pass through the elimination rounds and the final rounds successfully. We are especially pleased that they were able to earn GP points in the first competition of the year, and we are all looking forward to another successful season for our team. Currently improvements are being carried out in anticipation of the 2nd event that will be held on May 3 and 4 in Akita, the home of the World Eco Movement. As the defending champion, we are all anticipating a valiant effort by the members of our team as they try for a repeat of last year's victory.

* For inquiries concerning this subject, please contact Mr Noriyoshi Tabata of the General Affairs Department, Public Relations Section
Email:koho@mitsuba.co.jp

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The accomplishment of "Zero Emissions"

MITSUBA continues to direct its attentions toward the realization of an abundant and safe environment as we strive for a continuous coexistence with our natural environment through technological developments that are concerned with maintaining our society and our environment. Since 2000, and as a link in this chain of our environmental concerns, MITSUBA has continued to aim towards the total elimination of useless waste materials generated in our plants and offices in our company-wide full-scale confrontation with the concept of "Zero Emissions". We are pleased to announce at this time, we have been able to achieve our goal of zero emissions. Details of our efforts are as follows.

February 27, 2003

* For inquiries concerning this subject, please contact Mr Noriyoshi Tabata of the General Affairs Department, Public Relations Section
Email:koho@mitsuba.co.jp

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