Nsk Ltd. · TSE:6471
Nsk — Q1 FY2025 Earnings Presentation
24 slides from Nsk's earnings presentation, Aug 1, 2025
Slide 1: Consolidated Business Results for the First Quarter ended June 30, 2025
FINANCIAL CONFERENCE Consolidated Business Results for the First Quarter ended June 30, 2025 Cautionary Statements with Respect to Forward-Looking Statements August 1, 2025 Statements made in this report with respect to plans, strategies and future performance that are not historical fact are forwar
Slide 2: Contents
Contents 1. Consolidated Business Results for the First Quarter Ended June 30, 2025 2. Consolidated Business Forecast for the Year Ending March 31, 2026 3. Mid-Term Management Plan (MTP2026) Initiatives (Supplementary Information) Copyright NSK Ltd. All Rights Reserved.
Slide 3: Consolidated Business Results for the First Quarter Ended June 30, 2025
Consolidated Business Results for the First Quarter Ended June 30, 2025 Copyright NSK Ltd. All Rights Reserved.
Slide 4: Key Points - Consolidated Business Results for FY2025 Q1
Key Points - Consolidated Business Results for FY2025 Q1 ✓ Real volume slightly up YoY; sales down due to strong yen ✓ Structural reforms on track with focus on Europe ✓ Began transferring US additional tariff costs to sales prices FY25 Q1 Result Sales 195.8bn YoY (2.4％) Operating Income (OI) 4.8bn
Slide 5: Summary of Consolidated Business Results for FY2025 Q1
Summary of Consolidated Business Results for FY2025 Q1 ✓ Sales and profits down due to stronger yen YoY ✓ Results and progress on par with forecast (Effect of FY2024 FY2025 exchange rate fluctuations) YoY Increase/ (Billions of yen) Actual Actual Decrease Difference Sales 200.5 195.8 (4.7) (2.4%) (8
Slide 6: Operating Income: Factors Behind Change (FY2024 Q1 to FY2025 Q1)
Operating Income: Factors Behind Change (FY2024 Q1 ⇒ FY2025 Q1) (Billions of yen) Effect of exchange rate Structural reform cost (0.4) fluctuations Profitability +0.4 One-time Structural expenses Inflation/ Labour reform effect cost increase/ Volume/ Mix Impact of tarifs Profitability Portfolio +0.3
Slide 7: Industrial Machinery Business
Industrial Machinery Business Result: Sales and profits down YoY; Excluding forex impact sales up primarily in China ・ Industrial Bearings：Increase in China sales YoY ・ Precision Products ：Increase in US sales YoY ・ Recorded one-time expenses for structural reforms. FY2025 Q1: ¥0.3 bn FY2024 Q1: Non
Slide 8: Automotive Business
Automotive Business Result: Sales down, profits up YoY; Excluding forex, achieved growth on par with increase in global automotive production volume growth ・ Sales expansion in China and US covered sluggish market in Europe ・ Recorded one-time expenses FY2025 Q1: ¥0.1 bn (unrelated to structural ref
Slide 9: FY25 Q1 Sales by Customer Region
FY25 Q1 Sales by Customer Region Japan: Industrial recovery slowing down, Automotive flat Americas: Sales increased excluding forex impact Europe: Continued stagnation in both Industrial and Automotive China: Economic stimulus drove higher sales Europe China 43.2 42.0 1.1 1.3 Americas 27.0 27.1 35.5
Slide 10: Consolidated Business Forecast for the Year Ending March 31, 2026
Consolidated Business Forecast for the Year Ending March 31, 2026 Copyright NSK Ltd. All Rights Reserved.
Slide 11: Consolidated Business Forecast for the Year Ending March 31, 2026 (FY2025)
Consolidated Business Forecast for the Year Ending March 31, 2026 (FY2025) ✓ Excludes impact of Steering Business consolidation ✓ Steering Business consolidation effective September 1, 2025 (planned). We will update the forecast to reflect this when we published the Q2 results. YoY FY2024 FY2025 Inc
Slide 12: Business Environment Outlook for Full Year Forecast
Business Environment Outlook for Full Year Forecast ✓ The business environment is expected to remain flat YoY, as previously forecast. ✓ Efforts to respond to US tariff policies and implement structural reforms are progressing according to plan. Forecast Current Status Assumptions as of Q1 ・China’s
Slide 13: Mid-Term Management Plan (MTP2026) Initiatives
Mid-Term Management Plan (MTP2026) Initiatives Copyright NSK Ltd. All Rights Reserved.
Slide 14: Grow New Products - Bearings & Beyond -
Grow New Products - Bearings & Beyond - ✓ Development, launch and expanding application of new products and technologies aimed at meeting societal needs Drive x Control Contribute to safe, secure society New Products ✓Contribute to Goal: ¥50.0 bn ✓Compact size and low electrification power consumpti
Slide 15: Grow New Products - Bearings & Beyond -
Grow New Products - Bearings & Beyond - ✓ Development of new products supporting automotive electrification and autonomous driving Ball screw “Rear Wheel Steering Actuator” demand is expected to increase with the rise of automotive electrification and automation. Developed Locking Clutch as New Prop
Slide 16: (Supplementary Information)
(Supplementary Information) Copyright NSK Ltd. All Rights Reserved.
Slide 17: Supplement: ESG Management
Supplement: ESG Management ✓Advancing environmental initiatives at a pace exceeding original plan “Create” Reduce CO2 emissions from FY24 Result forecast: -55％ business activities (FY26 Goal -50%) (Scope1+2 vs. FY17) “Utilize” Reduce CO2 emissions from impact FY24 Result forecast: 2,324,000 t of pro
Slide 18: Growth with Profitability/ Enhancement of Managerial Resources
Growth with Profitability/ Enhancement of Managerial Resources Development of Unit/System Products Challenging New Fields Promoting innovation in future mobility “Chitose Biomass Conversion Plant” compost “Electric Corner Module Concept” manufacturing for ZOOMO Morioka City Zoo ✓Together with the Ch
Slide 19: Financial Results by Business Segment (FY2025 Q1)
Supplementary Information : Financial Results by Business Segment (FY2025 Q1) FY2024 FY2025 YOY FY2025 Forecast Full Increase/ Full (Billions of yen) Q1 Q2 Q3 Q4 1Q Difference H1 H2 year Decrease Year Total Sales 200.5 197.1 199.3 199.7 796.7 195.8 (4.7) (2.4%) 380.0 380.0 760.0 Operating Income 5.9
Slide 20: Sales by Customer Location
Supplementary Information: Sales by Customer Location FY2024 FY2025 YOY Increase/ (Billions of yen) Q1 Q2 Q3 Q4 Full year Q1 Difference Decrease Sales 200.5 197.1 199.3 199.7 796.7 195.8 (4.7) (2.4%) Japan 64.1 65.8 66.3 65.1 261.3 62.5 (1.6) (2.5%) Non-Japan 136.4 131.3 133.0 134.7 535.4 133.3 (3.1
Slide 21: Consolidated Balance Sheet
Supplementary Information: Consolidated Balance Sheet End of End of Ex. Rate FY2024 FY2025 Q1 1USD 149.5 144.8 1EUR 162.0 169.6 1CNY 20.6 20.2 Asset Liabilities/ Total equity (Billions of yen) (Billions of yen) (7.3) 1,212.3 (7.3) 1,219.5 1,219.5 1,212.3 Current 301.3 (1.1) 300.2 liabilities Current
Slide 22: Inventories/ Interest-Bearing Debt
Supplementary Information: Inventories/ Interest-Bearing Dept End of End of Ex. Rate FY2024 FY2025 Q1 1USD 149.5 144.8 1EUR 162.0 169.6 1CNY 20.6 20.2 Inventories Interest-Bearing Dept (Billions of yen) Inventory turnover (Billions of yen) 0.26 Net D/E ratio 0.24 4.3 4.2 306.4 +7.0 313.4 185.9 (1.8)
Slide 23: Capital Expenditures, Depreciation and Amortisation, R&D Expenses
Supplementary Information : Capital Expenditures, Depreciation and Amortisation, R&D Expenses FY24 FY25 FY25 (Billions of yen) Full year Actual 1Q Actual Full year forecast Capital Expenditures 56.5 9.5 55.0 Capital Expenditures 51.0 9.0 52.0 (excluding lease） Depreciation and Amortisation 52.4 12.7
Slide 24: Mission Statement 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