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Japanese businesses have been hit by declining profits and deteriorating financial conditions due to the bursting of the asset price ''bubble'' in 1990 and the subsequent prolonged recession. The dramatic changes in the business environment, ie, globalisation, increased use of information technology and deregulation, have been further complicating the situation. Minebea has focused on the changing business environment from early on and has adopted the right management strategy. Foreseeing a labour shortage in Japan, Minebea began overseas production of bearings and other precision parts in the early 1970s. During the first half of the 1990s, it boldly shed unpromising businesses. This case study describes in detail the management philosophy followed by Minebea''s former president Mr Goro Ogino, who was the direct successor of Mr Takami Takahashi, Minebea''s founder. The objective of this case is to study the factors in the firm''s management strategy, especially its overseas strategy, that are responsible for the firm''s success.