Nsk Ltd. · TSE:6471
Nsk — Q3 FY2009 Earnings Presentation
17 slides from Nsk's earnings presentation, Feb 3, 2010
Slide 1: Consolidated Business Results for the Third Quarter Ended December 31, 2009
CONSOLIDATED BUSINESS RESULTS FOR THE THIRD QUARTER ENDED DECEMBER 31, 2009 February, 3 2010 NSK Ltd. Cautionary Statements with Respect to Forward-Looking Statements Statements made in this report with respect to plans, strategies and future performance that are not historical fact are forward-look
Slide 2: Summary of Consolidated Business Results for FY 2009:3Q
Summary of Consolidated Business Results for FY 2009:3Q Business Results for FY2009:Q3 ✓Consolidated Business Results for FY 2009:3Q (Oct.-Dec.) Net Sales ¥155.7 billion （ From last 3Q：+2.5 billion /1.6% increase, From 2Q：+13.6 billion/9.6% increase) Operating Income ¥5.4 billion （ From last 3Q：+0.8
Slide 3: Summary of Consolidated Business Results for FY 2009:3Q
Summary of Consolidated Business Results for FY 2009:3Q (¥100 Million) 09/3 10/3 3Ｑ Apr.-Dec. Full year 3Ｑ YOY Apr.-Dec. YOY Full year ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ % ＜Actual＞ % <Forecast announced on Oct. ‘09> Sales 1,532 5,365 6,476 1,557 +1.6% 4,136 -22.9% 5,700 Operating income 46 332 221
Slide 4: Quarterly Business Performance
Quarterly Business Performance 2500 （¥100 Million） Sales 2000 1,915 1,918 1,532 1,557 1500 1,421 1,111 1,158 1000 500 0 09/3 1Q 2Q 3Q 4Q 10/3 1Q 2Q 3Q 200 Oper taing Income Ordinary Income （ ¥100 Million ） 153 162 Net Income Opertaing Income Margin 150 133 127 08/3期1Q 2Q 81 3Q 4Q 09/3期1Q 2Q 100 8.0%
Slide 5: Results by Business Segment
Results by Business Segment （￥100 Million） 09/3 10/3 3Ｑ Apr.-Dec. Full year 3Ｑ YOY Apr.-Dec. YOY Full year ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ % ＜Actual＞ % <Forecast announced on Oct. ‘09> Total Sales 1,532 5,365 6,476 1,557 +1.6% 4,136 -22.9% 5,700 Operating income 46 332 221 54 +18.0% 15 -95.5% 80
Slide 6: Business Segment Information - Industrial Machinery Bearings
Business Segment Information ― Industrial Machinery Bearings Sales Operating income/margin （¥100 Million） （¥100 Million） 800 120 700 100 607 610 82 80 600 80 500 486 60 13.5% 13.1% 45 411 424 392 400 351 40 20 9.3% 13 300 20 4.6% -12 -10 3.4% 200 0 100 -20 -3.2% -3.0% 0 -40 09/3 1Q 2Q 3Q 4Q 10/3 1Q
Slide 7: Results by Business Segment - Automotive Products
Results by Business Segment －Automotive Products Sales Operating income/Margin （¥100 Million） （¥100 Million） 1400 80 68 61 1200 1,080 1,061 60 47 6.7% 1,002 5.7% 1000 40 37 890 4.4% 816 800 15 708 20 0.0% 4.2% 600 568 1.8% 0 0 400 -20 -9.7% 200 -40 0 -60 -55 09/3 1Q 2Q 3Q 4Q 10/3 1Q 2Q 3Q 09/3 1Q 2Q
Slide 8: Results by Business Segment - Precision Machinery and Parts
Results by Business Segment －Precision Machinery and Parts Sales Operating income/Margin （¥100 Million） （¥100 Million） 200 30 162 155 20 16 149 14 150 10 109 -2.6% 9.4% 9.7% 100 0 79 -18.6% 73 -4 63 -10 -25.2% 50 -29.0% -20 -36.1% -21 -18 -20 0 -30 -27 09/3 1Q 2Q 3Q 4Q 10/3 1Q 2Q 3Q 09/3 1Q 2Q 3Q 4Q
Slide 9: Results by Geographical Segment
Results by Geographical Segment （¥100 million） 09/3 10/3 Ｑ3 Apr.-Dec. Full year Ｑ3 YOY Apr.-Dec. YOY Full year ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ % ＜Actual＞ % <Forecast announced on Oct. ‘09> Total Sales 1,532 5,365 6,476 1,557 +1.6% 4,136 -22.9% 5,700 Operating income 46 332 221 54 +18.0% 15 -95.5
Slide 10: Results by Geographical Segment
Results by Geographical Segment Japan The Americas Profitability improved greatly thanks to sales volume increase caused by Although sales to industrial machinery manufacturers were stagnant, stagnant, profitability demand recovery for automobiles and reduced external procurement costs. improved due
Slide 11: Results by Customer Location
Results by Customer Location 09/3 10/3 3Ｑ Apr.-Dec. Full year ３Ｑ YOY Apr.-Dec. YOY Full year ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ % ＜Actual＞ % <Forecast announced on Oct. ‘09> Sales 1,532 5,365 6,476 1,557 +1.6% 4,136 -22.9% 5,700 Japan 798 2,726 3,234 785 -1.5% 2,053 -24.7% 2,820 Non-Japan 734 2,639
Slide 12: Results by Customer Location
Results by Customer Location Net sales by customer location （¥100 million） 2,500 Quarterly business performance Japan The Americas Europe Asia Asia: Asia: Demand from automobile makers (especially in China) and electrical and IT- IT-related sectors was strong. Sales in 3Q increased 10.6 % from 2Q. 2
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet Assets Liabilities and Net assets Net assets Non- Non-current liabilities Non- Non-current assets Current assets Current liabilities Ratio of net worth to total capital （¥100 Million） （¥100 Million） Change from 2Q Change from 2Q 8,228 8,228 7,442 7,596 7,559 -37 7,596 7,55
Slide 14: Inventories, Interest-bearing Debt
Inventories Interest-bearing Debt Inventories Interesting-bearing debt Japan The Americas Asia Europe Japan Non- Non-Japan Net D/E ratio Inventory turnover （times） 0.85 0.86 6.5 （times） 0.80 6.2 0.71 4.9 5.1 (¥100 Million） (¥100 Million） 1,198 3,225 3,232 3,227 3,008 1,067 1,035 1,076 487 496 461 22
Slide 15: Capital Expenditure, Depreciation
Capital Expenditure, Depreciation （¥100 Million） Capital Expenditure Japan 245 600 Americas 22 Japan 188 Europe 35 500 Americas 17 Asia 117 Japan 115 Europe 31 419 Americas 12 3Q Asia 99 Europe 13 400 335 Japan 64 Asia 60 Apr.-Dec. Americas 6 300 Japan 49 Europe 5 Fo r e c as t Full year Americas 7
Slide 16: Supplementary Information - Research & Development, Employees
Supplementary Information ―Research & Development, Employees （¥100 Million） 09/3 10/3 1Q 2Q 3Q 4Q 1Q 2Q 3Q Full year R&D 25 29 26 27 21 22 22 100 （No. of employees） 09/3 10/3 1Q 2Q 3Q 4Q 1Q 2Q 3Q Employees 25,836 26,024 25,406 24,050 23,823 24,253 24,373 Japan 11,270 11,234 11,242 11,155 11,491 11,5
Slide 17: Supplementary Information - Forecast by Business Segment
Supplementary Information ―Forecast by Business Segment （¥100 Million） 09/3 10/3 (Revised Forecast announced on Oct. ‘09） 1st half 2nd half Full year 1st half 2nd half Full year YOY ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Forecast＞ ＜Forecast＞ Sales 3,833 2,643 6,476 2,579 3,121 5,700 -776 Industrial be