Slide 1: Consolidated Business Results for the First Quarter Ended June 30 2012
CONSOLIDATED BUSINESS RESULTS FOR THE FIRST QUARTER ENDED JUNE 30 2012 July 30, 2012 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-looking state
Slide 2: Summary of Consolidated Business Results for FY2012:Q1
Summary of Consolidated Business Results for FY 2012:Q1 Business Results for FY2012:Q1 1Q From last 1Q Net Sales ¥ 190.1 billion ( +¥24.0 billion / 14.4% increase ) Operating income ¥ 12.1 billion ( +¥ 2.1 billion / 21.8% increase ) Net Income ¥ 7.0 billion ( +¥1.1 billion / 19.0% increase ) ◎Both s
Slide 3: Summary of Consolidated Business Results for FY2012:1Q
Summary of Consolidated Business Results for FY 2012:1Q （Billions of yen） ’12/3 ’13/3 Q1 1st half Full year Q1 Increase 1st half Full year /decrease % ＜Actual＞ ＜ Actual ＞ ＜Actual＞ ＜Actual＞ YOY （Forecast） （Forecast） Sales 166.1 351.9 733.2 190.1 +24.0 +14.4% 385.0 780.0 Operating 10.0 22.9 44.4 12.1
Slide 4: Quarterly Business Performance
Quarterly Business Performance （Billions of yen） 250 Sales 185.8 196.6 190.1 200 184.7 166.1 150 100 50 0 12/3 １Q 2Q 3Q 4Q 13/3 1Q （Billions of yen） 25 Operating income Ordinary income Net income Operating income margin 20 7.0% 6.0% 6.4% 5.7% 15 5.5% 12.9 12.2 12.1 11.3 11.2 10.0 9.6 10.3 9.3 10.9 1
Slide 5: Results by Business Segment
Results by Business Segment (Billions of yen) ’12/3 ’13/3 Increase/ Q1 1st half Full year Q1 1st half Full year decrease % ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ YOY （Forecast） （Forecast） Total 166.1 351.9 733.2 190.1 +24.0 +14.4% 385.0 780.0 Sales Operating income 10.0 22.9 44.4 12.1 +2.1 +21.8% 22.0
Slide 6: Results by Business Segment - Industrial Machinery Business
Results by Business Segment －Industrial Machinery Business Sales Operating income/Margin （Billions of yen） （Billions of yen） 100 Industrial machinery Precision and machinery bearings and parts 15 90 11.3% 80 11.3% 68.0 9.5% 9.4% 70 65.1 60.8 7.9% 61.9 57.1 10 60 12.9 11.5 10.3 10.3 7.7 9.5 7.3 50 5.
Slide 7: Results by Business Segment - Automotive Business
Results by Business Segment －Automotive Business （Billions of yen） Sales Operating income/Margin 160 Automotive bearings Automotive components （Billions of yen） 14 140 127.6 126.2 116.9 12 120 109.9 5.6% 6.0% 6.2% 5.0% 10 3.4% 100 92.0 66.6 65.2 7.6 7.8 80 53.8 60.3 8 6.1 5.8 43.0 6 60 40 4 3.1 56.1
Slide 8: Results by Geographical Segment
Results by Geographical Segment （Billions of yen） ’12/3 ’13/3 Increase/ Q1 1st half Full year Q1 1st half Full year decrease % ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ YOY （Forecast） （Forecast） Total Sales 166.1 351.9 733.2 190.1 +24.0 +14.4% 385.0 780.0 Operating income 10.0 22.9 44.4 12.1 +2.1 +21.8% 2
Slide 9: Results by Geographical Segment
Results by Geographical Segment Left: Sales Japan The Americas Right: Operating Income (Billions of yen) (Billions of yen) 160 30 4 141.7 140.0 14 26.3 135.7 133.9 25.7 140 121.0 12 120 20.9 3 10 19.4 19.5 100 20 10.0 8 80 8.9 2 8.6 60 7.5 6 7.5 10 40 4 1.6 1 20 2 1.0 0.8 0.7 0.7 0 0 0 0 12/3 1Q 2Q
Slide 10: Results by Customer Location
Results by Customer Location （Billions of yen） ’12/3 ’13/3 Increase/ Q1 1st half Full year Q1 1st half Full year decrease % ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ YOY （Forecast） （Forecast） Sales 166.1 351.9 733.2 190.1 +24.0 +14.4% 385.0 780.0 Japan 75.8 170.9 363.8 91.5 +15.7 +20.7% 187.0 376.0 Non-Ja
Slide 11: Results by Customer Location
Results by Customer Location Net sales by customer location (Billions of yen) Quarterly business performance 250 Japan The Americas Europe Asia (Compared to the same period last year) 200 196.6 190.1 Asia： Despite industrial machinery demand decrease 185.8 184.7 in China, Q1 sales increased by 5.1%
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Assets Liabilities and net assets Non-current Ratio of net worth to Non-current assets Current assets Net assets Current liabilities liabilities total capital （Billions of yen） 834.7 Change （Billions of yen） Change from 4Q 845.1 from 4Q 845.1 822.0 834.7 822.0 -10.4 -10.4
Slide 13: Inventories, Interest-bearing Debt
Inventories Interest-bearing Debt Inventories Interest-bearing debt Japan Non-Japan Japan Non-Japan Net D/E ratio Inventory turnover （Times） 6.5 6.6 （Times） 5.8 0.62 0.58 0.56 （Billions of yen） （Billions of yen） 119.4 115.4 116.1 306.3 296.8 294.6 36.0 45.4 47.5 64.0 64.0 65.4 270.3 251.4 247.1 55.4
Slide 14: Capital Expenditure, Depreciation
Capital Expenditure Depreciation Capital Expenditure （Billions of yen） Japan 19.2 Americas 3.3 70 Europe 5.3 Asia 16.3 60 Plan 50 50.3 45.0 40 Japan Americas 2.6 0.3 Japan Americas 2.8 0.7 1Q 30 Europe Asia 0.6 5.9 Europe Asia 1.0 5.2 Full year 20 10 9.4 9.7 * Excluding intangible assets 0 （Billions
Slide 15: Supplementary Information - Research & Development, Employees
Supplementary Information ―Research & Development Employees （Billions of yen） ’12/3 ’13/3 Full year 1Q 2Q 3Q 4Q 1Q (Plan) Research & 2.3 2.7 2.6 2.8 2.6 11.0 Development （No. of employees） ’12/3 ’13/3 1Q 2Q 3Q 4Q 1Q Employees 26,568 27,055 27,222 27,444 28,007 Japan 11,432 11,401 11,348 11,263 11,44
Slide 16: Supplementary Information - Forecasts by Business Segment
Supplementary Information ―Forecasts by Business Segment （Billions of yen） ’12/3 ’13/3 Increase/ 1st half 2nd half Full year 1st half 2nd half Full year decrease YOY ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Forecast＞ ＜Forecast＞ ＜Forecast＞ Sales 351.9 381.3 733.2 385.0 395.0 780.0 +46.8 Industrial machinery busin