Slide 1: Consolidated Business Results for Fiscal 2024
NSK Ltd. Consolidated Business Results for Fiscal 2024 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 May 13, 2025 are forward-looking statements. NSK cautions that
Slide 2: Contents
Contents １．Consolidated Business Results for the Year Ended March 31, 2025 ２． Consolidated Business Forecast for the Year Ending March 31, 2026 ３．Progress on Mid-Term Management Plan 2026 ４．Future Policy regarding the Steering Business (Supplementary Information) Copyright NSK Ltd. All Rights Reserv
Slide 3: Consolidated Business Results for the Year Ended March 31, 2025
Consolidated Business Results for the Year Ended March 31, 2025 Copyright NSK Ltd. All Rights Reserved.
Slide 4: Key Points - Consolidated Business Results for FY2024
Key Points - Consolidated Business Results for FY2024 (Continuing Operations) Increase in Sales and Profits YoY. Recorded ¥4.6 billion in one- time expenses for structural reforms. Sales ¥796.7 bn YoY +1.0% FY24 Operating Income (OI) ¥28.5 bn +3.9% Result *OI Excl. One-Time Expenses ¥36.4 bn +21.9%
Slide 5: Summary of Consolidated Business Results for the Year Ended March 31, 2025
Summary of Consolidated Business Results for the Year Ended March 31, 2025 ✓Despite lower Automotive sales, overall sales and profits up YoY driven by increasing Industrial Machinery sales and a weaker yen. ✓Compared to our October forecast, in addition to a weaker yen and keeping expenses down, the
Slide 6: Operating Income: Factors Behind Change (FY2023 to FY2024)
Operating Income: Factors Behind Change (FY2023 Full year ⇒ FY2024 Full year) (Continuing Operations) (Billions of yen) Profitability＋4.2 Effect of Structural exchange rate reform effect fluctuations Volume/MIX Profitability Inflation/ Labor cost increase One-time expenses Cost reductions Structural
Slide 7: Industrial Machinery Business
Industrial Machinery Business Result: Sales and profit increased YoY; slow pace of demand recovery. ・ Industrial Bearings: Machine tools, Railcars, Americas up YoY. ・ Precision Products: Machine tools, Semiconductor manufacturing equipment up YoY. ・ Recorded one-time expenses for structural reforms.
Slide 8: Automotive Business
Automotive Business Result: Sales and profits decreased YoY. ・Despite flat global vehicle production volume, impacted by reduction in Japanese automaker production (-5%) and stagnation in Europe ・ Recorded one-time expenses for structural reforms. Q1: ¥0.5 bn, Q3: ¥2.5 bn, Q4: ¥0.1 bn ・ Q4 profits i
Slide 9: FY24 Sales by Customer Region
FY24 Sales by Customer Region Japan: Gradual recovery in Industrial Machinery, decline in Automotive Americas: Robust market demand but uncertain outlook Europe: Stagnation in Industrial Machinery and Automotive China: Increase in Industrial Machinery, slight increase in Automotive Europe China 163.
Slide 10: Consolidated Business Forecast for the Year Ending March 31, 2026
Consolidated Business Forecast for the Year Ending March 31, 2026 *We have excluded the steering business from the full-year 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 (FY25)
Consolidated Business Forecast for the Year Ending March 31, 2026 (FY25) ✓ Uncertain economic environment; expect volume to remain flat YoY. ✓ Policy to transfer the cost impact of U.S. tariffs to sales prices. ✓ Includes impact of structural reforms +¥4.4 bn, and -¥6.5 bn in one-time expenses for f
Slide 12: Operating Income: Factors Behind Change (FY24 to FY25 Forecast)
Operating Income: Factors Behind Change (FY24 Full year Actual ⇒ FY25 Full year Forecast) (Continuing operations) (Billions of yen) ✓Although forecast shows a decline in profits due to forex impact and a decline in volume, profitability is expected to improve through structural reforms. ✓Policy to t
Slide 13: Forecast for FY2025 by Segment
Forecast for FY2025 by Segment Industrial Machinery Business Demand Trends by Sector FY2024 FY2025 Increase/ FY2025 FY2025 FY25 1H FY25 2H Full year Full year Decrease Difference H1 H2 vs FY24 2H vs FY25 1H (Billions of yen) Actual Forecast YOY YOY Forecast Forecast Aftermarket → → Sales 361.5 352.0
Slide 14: Progress on Mid-Term Management Plan 2026
Progress on Mid-Term Management Plan 2026 MTP Period：FY2022-FY2026 Copyright NSK Ltd. All Rights Reserved.
Slide 15: Mid-Term Plan 2026 Initiatives (1)
Mid-Term Plan 2026 Initiatives (1) FY26 Targets: Sales ¥900.0 bn, Operating income ¥75.0 bn (8%), ROE 8% Recover from decline in profitability due to changes in the business environment and strengthen the business foundation through sales growth and portfolio improvement. Management Policy Initiativ
Slide 16: Mid-Term Plan 2026 (2) Portfolio Reform
Mid-Term Plan 2026 (2) Portfolio Reform ・Steady progress in business portfolio reform. ・Industrial Machinery business sales stagnating in key sectors with high profitability. 1. Industrial Business Expansion 2. Secure share at EV customers Ratio of Industrial sales Ratio of EV sales FY21 41% > FY24
Slide 17: Mid-Term Plan 2026 (3) Structural Reforms
Mid-Term Plan 2026 (3) Structural Reforms Structural reforms centered on the Europe and E&E business are progressing as planned. Additional measures will be implemented due to the sluggish demand environment. Reducing labor force by 1,000, mainly in Europe ≫ End of FY24：600 complete ≫ End of FY25：40
Slide 18: Mid-Term Plan 2026 (4) Profitability Improvement
Mid-Term Plan 2026 (4) Profitability Improvement FY23 Results→FY26 Targets Profit Improvement Roadmap Announced May 2024 Growth/ 900.0 Recovery Other Steady progress in improving profitability (FY24 ＋¥4.2 bn FY25 +¥62 bn) 8.0% ✓Structural reforms promoted in conjunction with other measures. ROE （bn
Slide 19: Mid-Term Plan 2026 (5) Shareholder Returns
Mid-Term Plan 2026 (5) Shareholder Returns Maintain a sound financial structure. Continue to provide stable shareholder returns. Improve profitability and return to a dividend payout ratio in the 30- 50% range as soon as possible. 350% 330% Dividend trend 310% 290% ● Payout ratio ◆ DOE ■Year End ■In
Slide 20: Future Policy regarding the Steering Business
Future Policy regarding the Steering Business Copyright NSK Ltd. All Rights Reserved.
Slide 21: Future Policy of the Steering Business
Future Policy of the Steering Business History of Steering Equity Method Affiliate with JIS* (NSK Steering & Control) 05/2023 Sign joint venture agreement with JIS 08/2023 Establish as equity method affiliate (Ownership: NSK 49.9%, JIS 50.1%) New 05/2025 The environment surrounding the automotive pa
Slide 22: (Supplementary Information)
(Supplementary Information) Copyright NSK Ltd. All Rights Reserved.
Slide 23: Financial Strategy: Cash Allocation
Supplementary Information : Financial Strategy: Cash Allocation MTP2026 Basic Policy on Financial Strategy Investment for Sustainable Growth Growth with Enhance Managerial Resources Profitability ✓Capital Expenditure ¥280.0 bn/ 5 years EE SS GG ≫Ordinary ≫Expansion Investment ≫New Technology MM Inve
Slide 24: Financial Results by Business Segment (FY2023)
Supplementary Information : Financial Results by Business Segment (FY2023) Due to the classification of the steering business as discontinued operations in FY23 Q1, the figures are shown as continuing operations excluding the steering business. Income from the equity in the joint venture with JIS, w
Slide 25: Financial Forecast by Business Segment (FY2025 Forecast)
Supplementary Information : Financial Forecast by Business Segment (FY2025 Forecast) FY2024 FY2025 YOY (Billion Full Full Increase/ Difference H1 H2 H1 H2 s(Billions of of yen) year year Decrease Total Sales 397.6 399.0 796.7 380.0 380.0 760.0 -36.7 -4.6% Operating Income 9.7 18.8 28.5 10.5 11.5 22.
Slide 26: Sales by Customer Location
Supplementary Information: Sales by Customer Location Due to the classification of the steering business as discontinued operations in FY23 Q1, the figures are shown as continuing operations excluding the steering business. Copyright NSK Ltd. All Rights Reserved. 26
Slide 27: Consolidated Balance Sheet
Supplementary Information: Consolidated Balance Sheet FY23 FY24 The “Assets and liabilities of disposal groups classified as held for sale” related to the Steering Ex. Rate Business are not included in the figures in parentheses from the end of FY24 Q2 because the End of Q4 End of Q4 share transfer
Slide 28: Consolidated Balance Sheet
Supplementary Information: Consolidated Balance Sheet FY23 FY24 Due to the classification of the steering business as discontinued operations Ex. Rate End of Q4 End of Q3 in FY23 Q1, the figures are shown as continuing operations 1USD 151.4 149.5 excluding the steering business. 1EUR 163.3 162.0 1CN
Slide 29: Capital Expenditures, Depreciation and Amortization, R&D Expenses
Supplementary Information : Capital Expenditures, Depreciation and Amortization, R&D Expenses Steering business classified as discontinued operation from FY23 Q1 results; FY23 results show continuing operations excluding discontinued operations. FY2022 FY2023 FY2024 FY2025 Full year Full year Full y
Slide 30: 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 & ControlTM. As a truly international enterprise, we are working across national boundaries to improve relationships between people throughout