Based on the fundamental concepts described in the previous page, the following schematic itemizes the main points of action that form the backbone of NT-II reforms to take us toward our goals of early achievement of 100 billion yen in consolidated operating income.

Main NT- II Action Points
Developing innovative attitudes and ideas/reinforcing corporate structure	Management issues from the "defensive" perspective	Develop innovative attitudes and ideas- Revitalizing and Promoting CSR Intensify innovative attitudes and ideas Improve quality of human resources Emphasize CSR, etc. Reinforce corporate structure - Strengthening Global Competitiveness Reduce total cost Strengthen production capabilities, etc. Reshape style of management Reform management systems, etc.
Expanding revenues and profits through business structure reform	Management issues from both "defensive" and "offensive" perspectives	Reform corporate structure Marketing innovation Integrate, consolidate, reorganize subsidiaries and affiliated companies/promote strategic alliances and M&A Cut back on loss-generating businesses and companies or bring them into the black Institute comprehensive profit management by product Promote "New Value Creator" Strategically promote TOREX* brand
	Management issues from the "offensive" perspective	Expand advanced materials businesses Shift the allocation of managerial resources toward advanced materials businesses, etc. Expand and reinforce global No. 1 businesses Expand profits from businesses outside Japan Strengthen the profitability of ASEAN businesses Expand businesses in China and Korea Expand profits from businesses in the U.S.A. and Europe

Target Numbers in NT-II

Operating income of FY March 2005, the first year of "Project NT-II", was 81.1 billion yen exceeding the initial forecast of 74.0 billion yen.