Slide 1: Consolidated Business Results for the Third Quarter Ended December 31, 2010
CONSOLIDATED BUSINESS RESULTS FOR THE THIRD QUARTER ENDED DECEMBER 31, 2010 February, 4 2011 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 2010:3Q
Summary of Consolidated Business Results for FY 2010:3Q Business Results for FY2010:Q3 ✓Consolidated Business Results for FY 2010:3Q(Oct.-Dec.) Net sales ¥180.0 billion （From last 3Q：+¥24.2 billion/15.6% increase, From 2Q：+¥1.1 billion/0.6% increase） Operating income ¥12.6 billion （From last 3Q：+¥7.
Slide 3: Summary of Consolidated Business Results for FY 2010:3Q
Summary of Consolidated Business Results for FY 2010:3Q （Billions of yen） 10/3 11/3 Full year Full year 3Ｑ Apr.-Dec. Full year 3Ｑ YOY Apr.-Dec. YOY <Forecast announced <Forecast announced ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ % ＜Actual＞ % on 4,February> on 29, October> Sales 155.7 413.6 587.6 180.0 +1
Slide 4: Quarterly Business Performance
Quarterly Business Performance 250 (Billions of yen) Sales 200 174.0 174.0 178.8 180.0 155.7 150 142.1 115.8 100 50 0 (Billions of yen) 10/3 1Q 2Q 3Q 4Q 11/3 1Q 2Q 3Q 20 Operating income Ordinary income Net income Operating income margin 15 12.6 12.2 11.1 10.3 9.0 10.0 10 9.8 8.3 8.1 7.3 5.4 5.2 5.1
Slide 5: Results by Business Segment
Results by Business Segment （Billions of yen） 10/3 11/3 3Q Apr.-Dec. Full year 3Q YOY Apr.-Dec. YOY Full year ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ % ＜Actual＞ % ＜Revised forecast＞ Total Sales 155.7 413.6 587.6 180.0 +15.6% 532.7 +28.8% 715.0 Operating income 5.4 1.5 11.3 12.6 +133.2% 32.9 － 45.0 % 3.5
Slide 6: Business Segment Information - Industrial Machinery Business
Business Segment Information ― Industrial Machinery Business (Billions of yen) Sales (Billions of yen) Operating income/margin 80 Precision and machinery 15 Industrial machinery bearings and parts 70 65.7 65.4 61.9 61.8 60 10 9.2% 12.7 16.1 15.7 50.3 13.6 6.8% 50 48.4 6.1% 41.4 7.3 7.9 4.1% 6.0 40 6
Slide 7: Business Segment Information - Automotive Business
Business Segment Information －Automotive Business (Billions of yen) Sales (Billions of yen) Operating income/margin 140 15 Automotive bearings Automotive components 120 106.3 105.6 106.6 107.5 100.3 6.7% 7.3% 6.9% 6.9% 100 5.9% 89.0 4.2% 10 80 51.4 51.5 51.9 53.5 7.8 70.8 47.7 0.0% 7.4 7.3 42.1 6.8
Slide 8: Results by Geographical Segment
Results by Geographical Segment （Billions of yen） 10/3 11/3 3Q Apr.-Dec. Full year 3Q YOY Apr.-Dec. YOY Full year ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ % ＜Actual＞ % ＜Revised forecast＞ Total Sales 155.7 413.6 587.6 180.0 +15.6% 532.7 +28.8% 715.0 Operating income 5.4 1.5 11.3 12.6 +133.2% 32.9 － 45.0 %
Slide 9: Results by Geographical Segment
Results by Geographical Segment Left：Sales Right：Operating income Japan The Americas （Billions of yen） （Billions of yen） （Billions of yen） （Billions of yen） 160 15 40 7 135.3 139.5 140 127.2 128.7 6 120 114.5 10 30 5 104.0 100 10.4 21.9 4 83.5 7.9 5 20.7 21.3 19.6 3 80 6.5 6.9 20 17.1 18.0 13.6 2 60
Slide 10: Results by Customer Location
Results by Customer Location （Billions of yen） 10/3 11/3 3Q Apr.-Dec. Full year 3Q YOY Apr.-Dec. YOY Full year ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ % ＜Actual＞ % ＜Revised forecast＞ Sales 155.7 413.6 587.6 180.0 +15.6% 532.7 +28.8% 715.0 Japan 78.5 205.3 289.5 93.4 +18.8% 269.3 +31.2% 362.3 Non-Japan 7
Slide 11: Results by Customer Location
Results by Customer Location Net sales by customer location (Billions of yen) Quarterly business performance 250 J apan Th e A m e ri c as Compared to 2Q Eu ro pe A si a Asia: Sales in 3Q decreased 1.1%, compared to 200 2Q. Although demand from automakers and industrial machinery manufacturers conti
Slide 12: 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 (Billions of yen) (Billions of yen) Change from 2Q Change from 2Q 789.6 774.8 791.8 791.8 +17.0 755.9 +1
Slide 13: Inventories, Interest-bearing Debt
Inventories, Interest-bearing Debt Inventories Interest-bearing debt Japan The Americas Asia Europe Japan Non- Non-Japan Net D/E ratio Inventory turnover （times） 6.7 6.7 (Times) 0.80 5.5 0.73 5.1 0.68 0.63 (Billions of yen) (Billions of yen) 300.8 304.9 107.6 105.5 104.7 106.4 287.6 288.5 41.6 36.1
Slide 14: Capital Expenditure, Depreciation
Capital Expenditure, Depreciation (Billions of yen) Capital Expenditure 60 Japan 9.9 50 Americas 1.0 Japan 9.4 Plan Japan 6.4 Europe 1.1 Americas 1.8 39.0 3Q 40 Americas 0.6 Asia 7.8 Europe 2.0 Europe 0.5 Asia 10.8 A p r .- De c . Asia 6.0 30 Japan 3.7 F u ll y e a r Japan 2.0 Americas 1.0 24.0 Amer
Slide 15: Supplementary Information - Research & Development, Employees
Supplementary Information ―Research & Development, Employees (Billions of yen) 10/3 11/3 1Q 2Q 3Q 4Q 1Q 2Q 3Q Full year R&D 2.1 2.2 2.1 2.4 2.2 2.8 2.6 9.0 （No. of employees） 10/3 11/3 1Q 2Q 3Q 4Q 1Q 2Q 3Q Employees 23,823 24,253 24,373 24,633 25,181 25,207 26,212 Japan 11,491 11,597 11,518 11,429 1