Slide 1: Consolidated Business Results for the Third Quarter ended December 31, 2023
NSK Ltd. FINANCIAL CONFERENCE Consolidated Business Results for the Third Quarter ended December 31, 2023 February 7, 2024 Cautionary Statement with Respect to Forward-Looking Statements Statements made in this report with respect to plans, strategies and future performance that are not historical f
Slide 2: Agenda: Consolidated Business Results and Forecast
1. Consolidated Business Results for the Nine Months Ended December 31, 2023 2. Consolidated Business Forecast for the Year Ending March 31, 2024 （Supplementary Information） Copyright NSK Ltd. All Rights Reserved.
Slide 3: Key Points - Consolidated Business Results for FY2023 Q3
Key Points - Consolidated Business Results for FY2023 Q3 ✓FY2023 Q3 Actual (Continuing operations) Industrial: China’s economy continued to stagnate and scrape the bottom Automotive: Steady growth in global automotive production Q3 YTD (Apr. – Dec.) Actual ≫ Sales ¥588.1 bn ≫ Operating income ¥19.3
Slide 4: Summary of Consolidated Business Results for FY2023 Q3
Summary of Consolidated Business Results for FY2023 Q3 ✓ Sales in Q3 QTD increased QOQ due to increasing sales of Automotive Business. ✓ Sales in Q3 YTD increased YOY due to growth in Automotive exceeding the decline in Industrial Machinery Increase/ Increase/ Increase/ Q3 QTD Decrease Decrease Q3 Y
Slide 5: Operating Income: Factors Behind Change
Operating Income: Factors Behind Change （FY2022 Q3 YTD ⇒ FY2023 Q3 YTD）(Continuing operations) (Billions of yen) Volume/ Mix ✔ Cost of steel, parts, energy, etc. -4.4 ✔ Labor cost increase -5.8 Equity Transfer of Effect of method increased Increase/ exchange rate profits etc. costs Decrease fluctuat
Slide 6: Industrial Machinery Business
Industrial Machinery Business ■Sales (Ind BRG) ■Sales (Precision) ■S.I. ● S.I.(%) (Billions Increase/ Difference FY2022 FY2023 Decrease YOY 100.1 of yen) Q3 YTD Q3 YTD YOY (Excluding 95.2 95.3 96.3 93.4 Actual Actual (Effect of exchange effect of 88.3 85.9 83.9 exchange rate fluctuations) rate fluct
Slide 7: Automotive Business
Automotive Business ■Sales ■S.I. ● S.I.(%) (Billions FY2022 FY2023 Increase/ Difference (FY21 ■Sales(Auto BRG+AT) ■Sales(Steering) Decrease YOY (Excluding of yen) Q3 YTD Q3 YTD YOY effect of Actual Actual (Effect of exchange exchange 129.6 The steering business is classified rate fluctuations) rate
Slide 8: Consolidated Business Forecast (Supplementary Information)
1. Consolidated Business Results for the Nine Months Ended December 31, 2023 2. Consolidated Business Forecast for the Year Ending March 31, 2024 （Supplementary Information） Copyright NSK Ltd. All Rights Reserved.
Slide 9: Consolidated Business Forecast for the Year Ending March 31, 2024
Consolidated Business Forecast for the Year Ending March 31, 2024 ✓Full-year forecasts announced in October remain unchanged ≫ As of Q3, 64% progress toward operating income forecast FY2023 FY2023 FY2022 YOY % of Full year Q3 Forecast Difference Full year (Effect of exchange (Billions of yen) Foreca
Slide 10: Consolidated Business Forecast by Business Segment
Consolidated Business Forecast by Business Segment ✓ Engage efforts toward achieving full year targets and Mid-Term Plan with an eye on the risk of slow recovery in industrial machinery ≫ Industrial Machinery Business FY2023 FY2023 ≫ Q4 demand forecast remains Full year Q3 YTD % of (Billions of yen)
Slide 11: FY2023 Summary and MTP2026
FY2023 Summary and MTP2026 ✓FY2023 Summary ≫ Profitability in industrial machinery declined due to slower-than-expected market. Europe structural reorganization initiated and ongoing. ≫ Automotive business steady due to the abatement of semiconductor shortages. Promoted price negotiations to reflect
Slide 12: Supplementary Information
Supplementary Information Copyright NSK Ltd. All Rights Reserved.
Slide 13: Financial Results by Business Segment
Supplementary Information: Financial Results by Business Segment Due to the classification of the steering business as a discontinued operation in FY23 Q1, the figures back to FY2022 have been retroactively updated to show as continuing operations excluding the steering business. Income from the equ
Slide 14: Sales by Customer Location
Supplementary Information: Sales by Customer Location Due to the classification of the steering business as a discontinued operation in FY23 Q1, the figures back to FY2022 have been retroactively updated to show as continuing operations excluding the steering business. Income from the equity in the
Slide 15: Consolidated Balance Sheet
Supplementary Information: Consolidated Balance Sheet Due to the classification of the steering business as a discontinued operation in FY22 FY23 Ex. Rate FY23 Q1, the assets and liabilities of the discontinued operation are shown in End of Q4 End of Q3 parentheses as "Assets and liabilities related
Slide 16: Inventories / Interest-Bearing Debt
Supplementary Information: Inventories / Interest-Bearing Debt Due to the classification of the steering business as a Ex. Rate FY22 FY23 End of Q4 End of Q3 discontinued operation in FY23 Q1, the figures for FY23 1USD 133.5 141.8 excludes the steering business. 1EUR 145.7 157.1 1CNY 19.4 19.9 Inven
Slide 17: Capital Expenditures, Depreciation and Amortisation, R&D Expenses
Supplementary Information: Capital Expenditures, Depreciation and Amortisation, R&D Expenses Due to the classification of the steering business as a discontinued operation in FY23 Q1, the figures back to FY2022 have been retroactively updated to show as continuing operations excluding the steering b
Slide 18: Mission Statement and NSK Vision 2026
Mission Statement NSK contributes to a safer, smoother society and helps protect the global environment through its innovative technology integrating Motion & Control TM. As a truly international enterprise, we are working across national boundaries to improve relationships between people throughout