Nsk Ltd. · TSE:6471
Nsk — Q3 FY2014 Earnings Presentation
14 slides from Nsk's earnings presentation, Feb 2, 2015
Slide 1: Consolidated Business Results for the Third Quarter Ended December 31, 2014
CONSOLIDATED BUSINESS RESULTS FOR THE THIRD QUARTER ENDED DECEMBER 31, 2014 February 2, 2015 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 FY2014: 3Q
Summary of Consolidated Business Results for FY2014: 3Q Business Results for FY2014: 3Q ✓Consolidated Business Results for FY2014: 3Q (Oct.-Dec.) (From FY2013: 3Q) Net Sales: ¥ 247.5 billion ( +¥ 23.4 billion / +10.4% ) Operating Income: ¥ 26.3 billion ( +¥ 10.3 billion / +64.6% ) Net Income: ¥ 17.8
Slide 3: Summary of Consolidated Business Results for FY2014: 3Q
Summary of Consolidated Business Results for FY2014: 3Q (Billions of yen) FY2013 FY2014 Increase/ Increase/ Full year 3Q Apr-Dec Full year 3Q Decrease % Apr-Dec Decrease % <Oct. 29 <Actual> <Actual> <Actual> <Actual> Change <Actual> Change YOY YOY FCST> Net sales 224.2 637.8 871.7 247.5 +23.4 +10.4%
Slide 4: Quarterly Business Performance
Quarterly Business Performance (Billions of yen) Net sales 300 235.1 247.5 224.2 234.0 229.3 205.0 208.6 200 100 0 FY2013 1Q 2Q 3Q 4Q FY2014 1Q 2Q 3Q Operating income Ordinary income (Billions of yen) Net income Operating income margin 10.6% 40 10.0% 8.9% 8.7% 7.6% 7.1% 6.3% 30 26.3 25.9 23.3 21.9 2
Slide 5: Results by Business Segment
Results by Business Segment (Billions of yen) FY2013 FY2014 Increase/ Increase/ Full Year 3Q Apr-Dec Full year 3Q % Apr-Dec % Decrease Decrease <Oct. 29 <Actual> <Actual> <Actual> <Actual> Change <Actual> Change YOY YOY FCST> Total Net sales 224.2 637.8 871.7 247.5 +23.4 +10.4% 711.9 +74.1 +11.6% 95
Slide 6: Results by Business Segment - Industrial Machinery Business
Results by Business Segment ー Industrial Machinery Business Net sales Operating income/margin (Billions of yen) (Billions of yen) 12 100 Precision machinery and parts 12.6% 90 Industrial machinery bearings 11.4% 11.5% 10 9.9% 10.5% 9.3% 80 8.2 70.4 8.1 66.8 8 6.8% 7.5 70 65.0 65.7 7.0 62.0 11.3 57.0
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) 200 25 11.1% Automotive bearings Automotive parts 9.9% 9.0% 9.1% 180 168.4 7.8% 8.1% 7.3% 158.1 154.6 157.2 160 148.7 20 18.7 141.1 142.7 140 15.7 120 90.4 15 13.9 14.4 84.9 81.5 8
Slide 8: Results by Customer Location
Results by Customer Location (Billions of yen) FY2013 FY2014 Increase/ Increase/ Full year 3Q Apr-Dec Full year 3Q Decrease % Apr-Dec Decrease % <Oct. 29 <Actual> <Actual> <Actual> <Actual> Change <Actual> Change YOY YOY FCST> Net sales 224.2 637.8 871.7 247.5 +23.4 +10.4% 711.9 +74.1 +11.6% 950.0 J
Slide 9: Results by Customer Location
Results by Customer Location Net sales by customer location: Quarterly business performance (Billions of yen) 300 Compared to FY2014 2Q Japan The Americas Europe Asia 247.5 Asia: In the industrial machinery business, sales in the 250 234.0 229.3 235.1 machine tools and aftermarket sectors in China 2
Slide 10: Results by Geographical Segment
Results by Geographical Segment (Billions of yen) FY2013 FY2014 Increase/ Increase/ Full year 3Q Apr-Dec Full year 3Q Decrease % Apr-Dec Decrease % <Oct. 29 <Actual> <Actual> <Actual> <Actual> Change <Actual> Change YOY YOY FCST> Total Net sales 224.2 637.8 871.7 247.5 +23.4 +10.4% 711.9 +74.1 +11.6
Slide 11: 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 (Billions of yen) Change from 2Q Change from 2Q (Billions of yen) 1,102.2 1,102.2 1,056.4 +45.8 1,056.4 +45.8 994.3
Slide 12: 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) 6.9 6.6 6.7 0.42 0.41 0.40 6.5 0.36 (Billions of yen) (Billions of yen) 356.7 345.8 159.9 144.2 318.4 315.5 138.0 64.5 131.7 68.8 65.0 63.1 105.3 88.0 93.1 8
Slide 13: Capital Expenditure / Depreciation
Capital Expenditure / Depreciation Capital expenditure Japan 11.9 (Billions of yen) Japan 6.5 The Americas Japan 8.8 7.6 60 The Americas 5.0 Europe 4.6 The Americas 3.3 Plan Europe 3.0 Asia 19.1 Europe 3.0 50 Asia 14.0 Asia 12.5 46.0 43.2 40 Japan 2.3 Japan 3.4 3Q The Americas 2.2 The Americas 1.1 2
Slide 14: Supplementary Information - R&D Expenses / Number of Employees
Supplementary Information ー R&D Expenses / Number of Employees (Billions of yen) FY2013 FY2014 1Q 2Q 3Q 4Q 1Q 2Q 3Q Full year (Plan) R&D expenses 2.4 2.5 2.4 2.6 2.5 2.9 2.6 10.5 (Head count) FY2013 FY2014 1Q 2Q 3Q 4Q 1Q 2Q 3Q Total: 29,417 30,189 30,283 30,454 30,837 31,131 31,299 Japan 11,481 11,4