Nsk Ltd. · TSE:6471
Nsk — Q3 FY2013 Earnings Presentation
15 slides from Nsk's earnings presentation, Jan 31, 2014
Slide 1: Consolidated Business Results for the Third Quarter Ended December 31, 2013
CONSOLIDATED BUSINESS RESULTS FOR THE THIRD QUARTER ENDED DECEMBER 31, 2013 JANUARY 31, 2014 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 FY2013: 3Q
Summary of Consolidated Business Results for FY2013: 3Q Business Results for FY2013: 3Q ✓Consolidated Business Results for FY2013: 3Q (Oct - Dec) (From FY2012: 3Q) Net Sales: ¥ 224.2 billion ( +¥54.2 billion / 31.8% increase) Operating Income: ¥ 15.9 billion ( +¥11.8 billion / 291.3% increase) Net I
Slide 3: Summary of Consolidated Business Results for FY2013: 3Q
Summary of Consolidated Business Results for FY2013: 3Q (Billions of yen) FY2012 FY2013 Increase/ Increase/ Full year Full year 3Q Apr-Dec Full year 3QDecrease % Apr-Dec Decrease % <Sep. 30 <Jan. 31 <Actual> <Actual> <Actual> <Actual> YOY Change <Actual> YOY Change FCST> FCST> Net sales 170.0 539.4
Slide 4: Quarterly Business Performance
Quarterly Business Performance (Billions of yen) 250 Net sales 224.2 205.0 208.6 190.1 193.4 200 179.3 170.0 150 100 50 0 FY2012 １Q 2Q 3Q 4Q FY2013 １Q 2Q 3Q Operating income Ordinary income 25 Net income Operating income margin 6.4% 7.1% 6.3% 20 5.1% 7.6% 16.0 16.8 3.5% 15.9 14.5 15 12.1 11.3 2.4% 1
Slide 5: Results by Business Segment
Results by Business Segment (Billions of yen) FY2012 FY2013 Increase/ Increase/ Full Year 3Q Apr-Dec Full year 3Q % Apr-Dec % Decrease Decrease <Jan. 31 <Actual> <Actual> <Actual> <Actual> Change <Actual> Change YOY YOY FCST> Total Net sales 170.0 539.4 732.8 224.2 +54.2 +31.8% 637.8 +98.4 +18.2% 86
Slide 6: Results by Business Segment - Industrial Machinery Business
Results by Business Segment ー Industrial Machinery Business Net sales Operating income/margin 100 (Billions of yen) (Billions of yen) 90 12 Precision machinery and parts 80 Industrial machinery bearings 10 9.9% 9.3% 9.4% 70 62.0 57.1 57.0 58.9 6.8% 60 55.1 54.1 8 6.1% 5.3% 49.8 8.9 9.7 50 9.5 8.6 7.
Slide 7: Results by Business Segment - Automotive Business
Results by Business Segment ー Automotive Business Net sales Operating income/margin (Billions of yen) (Billions of yen) 180 16 Automotive bearings Automotive parts 8.1% 160 6.2% 6.3% 7.3% 7.8% 148.7 14 141.1 142.7 3.9% 3.7% 140 132.3 12.1 126.2 12 11.1 120 117.6 114.4 10.3 73.0 75.6 79.0 10 100 65.2
Slide 8: Results by Geographical Segment
Results by Geographical Segment (Billions of yen) FY2012 FY2013 Increase/ Increase/ Full year 3Q Apr-Dec Full year 3Q Decrease % Apr-Dec Decrease % <Jan. 31 <Actual> <Actual> <Actual> <Actual> Change <Actual> Change YOY YOY FCST> Total Net sales 170.0 539.4 732.8 224.2 +54.2 +31.8% 637.8 +98.4 +18.2
Slide 9: Results by Geographical Segment
Results by Geographical Segment Net sales (Billions of yen) Operating income (Billions of yen) Operating income margin Japan The Americas 6.6% 3.8% 5.6% 2.9% 4.2% 4.3% 7.8% 8.5% 160 6.3% 16 50 2.8% 3.2% 3.1% 2.8% 5 133.9 128.2 2.2% 140 125.8 131.6 14 116.0 116.7 123.7 40 4 120 10.9 12 32.9 32.1 9.7
Slide 10: Results by Customer Location
Results by Customer Location (Billions of yen) FY2012 FY2013 Increase/ Increase/ Full year 3Q Apr-Dec Full year 3Q Decrease % Apr-Dec Decrease % <Actual> <Actual> <Actual> <Actual> Change <Actual> Change <Jan. 31 YOY YOY FCST> Net sales 170.0 539.4 732.8 224.2 +54.2 +31.8% 637.8 +98.4 +18.2% 860.0 J
Slide 11: Results by Customer Location
Results by Customer Location Net sales by customer location: Quarterly business performance (Billions of yen) 250 Japan The Americas Europe Asia Compared to FY2013 2Q 224.2 Asia: In the automotive business, EPS sales increased 205.0 208.6 steadily in China. In the industrial machinery 200 190.1 193.
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Assets Liabilities / Net assets Non-current assets Current assets Net assets Non-current liabilities Current liabilities Ratio of net worth to total capital Change from 2Q Change from 2Q (Billions of yen) (Billions of yen) 994.3 994.3 944.8 +49.5 944.8 882.5 882.5 +49.5 83
Slide 13: Inventories / Interest-Bearing Debt
Inventories / Interest-Bearing Debt Inventories Interest-bearing debt Japan Non-Japan Inventory turnover Japan Non-Japan Net D/E ratio (Times) 6.6 0.58 6.6 0.51 6.2 6.0 0.46 0.42 (Billions of yen) 138.0 133.1 318.4 126.0 304.3 305.1 312.4 119.3 52.2 53.1 59.5 65.0 79.5 88.0 75.8 73.2 252.1 252.0 252
Slide 14: Capital Expenditure / Depreciation
Capital Expenditure / Depreciation Capital expenditure Japan 13.3 (Billions of yen) The Americas Japan 6.5 4.0 Japan 9.6 Europe 4.7 The Americas 5.0 60 The Americas 2.3 Asia 22.5 Europe 3.0 Plan Europe 3.2 Asia 14.0 50 Asia 16.2 44.5 Japan 2.3 38.0 40 Japan 2.6 3Q The Americas 2.2 The Americas 0.7 3
Slide 15: Supplementary Information - R&D Expenses / Number of Employees
Supplementary Information ー R&D Expenses / Number of Employees (Billions of yen) FY2012 FY2013 1Q 2Q 3Q 4Q 1Q 2Q 3Q Full year (Plan) R&D expenses 2.6 2.8 2.5 2.5 2.4 2.5 2.4 10.5 (Head count) FY2012 FY2013 1Q 2Q 3Q 4Q 1Q 2Q 3Q Total: 28,007 28,225 28,404 28,487 29,417 30,189 30,283 Japan 11,445 11,3