Nsk Ltd. · TSE:6471
Nsk — H1 FY2001 Earnings Presentation
30 slides from Nsk's earnings presentation, Nov 22, 2001
Slide 1: Financial Conference for the Results of the Six Months Ended September 30, 2001
FINANCIAL CONFERENCE FOR THE RESULTS OF THE SIX MONTHS ENDED SEPTEMBER 30, 2001 AND FORECASTS FOR THE YEAR ENDING MARCH 31, 2002 November 22, 2001 NSK Ltd. Cautionary Statements with Respect to Forward-Looking Statements Statements made in this report with respect to plans, strategies and future per
Slide 2: 1. Consolidated Results
1. Consolidated Results 1 MOTION & CONTROL
Slide 3: Changes in the Scope of Consolidation
Changes in the Scope of Consolidation MOTION & CONTROL (1) Changes in the scope of consolidated subsidiaries < Increase > ●NSK Fukushima Co., Ltd. Established due to the spinning-off of Fukushima Plant in July 2001. ● NSK Network and Systems Co., Ltd. Established due to the spinning-off of the infor
Slide 4: Profit and loss statement - Consolidated
Profit and loss statement - Consolidated - MOTION & CONTROL FY ‘00:1st half FY ‘00:2nd half FY ‘01:1st half ¥ 100 million (Six months ended (Six months ended (Six months ended Sep. 30, 2000) Mar. 31, 2001) Sep. 30, 2001) Y.O.Y Net sales 2,685 2,646 2,524 -161 Japan 2,155 2,226 1,908 -247 Overseas 53
Slide 5: Net sales - Consolidated - by Region
Net sales -Consolidated - MOTION & CONTROL * [by Region] (¥100 million) 3000 428 387 403 Americas 2000 366 354 430 Europe 357 380 373 Asia 1000 Japan 1534 1525 1318 0 Year ended March 31, 2001 ¥100 million FY 2000 1st half FY 2000 2nd half FY2001 1st half Y. O. Y. (%) Americas 428 15.9% 387 14.6% 40
Slide 6: Net sales - Consolidated - by Product
Net sales -Consolidated - MOTION & CONTROL 3000 (¥100 million) [by Product] 2000 1585 1599 1,555 Bearings 1000 678 654 Automotive 654 components 283 297 209 Precision products 0 139 96 106 Others Year ended March 31, 2001 ¥100 million FY 2000 1st half FY 2000 2nd half FY 2001 1st half Y.O.Y.(%) Bear
Slide 7: Operating income - Consolidated
Operating income -Consolidated - MOTION & CONTROL (¥100 million) 150 100 50 0 Year ended March 31, 2000 Year ended March 31, 2001 Year ending March 31, 2002 ¥ 100 million FY ‘99 1st half FY ‘99 2nd half FY ‘00 1st half FY ‘00 2nd half FY ‘01 1st half Operating income 69 78 122 136 49 Ratio(%) 2.9 3.
Slide 8: Operating income versus FY 2000 (1st half)
Operating income versus FY 2000 (1st half) MOTION & CONTROL ¥ 100 million - Consolidated - Six months ended Sep. 30, 2000 -54 122 -12 Parent -4 -14 +9 Subsidiaries Subsidiaries in the +2 in Europe Americas Others Subsidiaries Subsidiaries in Asia in Japan 49 Six months ended Sep. 30, 2001 7
Slide 9: Sales by Geographical segment
Sales [by Geographical segment] MOTION & CONTROL FY ‘00:1st half FY ‘00:2nd half FY ‘01:1st half (Six months ended (Six months ended (Six months ended ¥ 100 million Sep. 30, 2000) Mar. 31, 2001) Sep. 30, 2001) Sales 2,155 2,226 1,908 Japan Operating income <%> 81 <3.8> 104 <4.7> 25 <1.3> Americas Sa
Slide 10: Operating income by Product
Operating income [by Product] MOTION & CONTROL ¥100 million Operating Operating Sales income income ratio <%> 1,555 67 4.3 Bearings Automotive 654 1 0.1 components Precision machinery 209 -6 -2.7 and parts Other ( ) 159 8 4.8 * Elimination -53 -21 — 2,524 49 2.0 Total 9 * The above Sales include int
Slide 11: Non-operating and Extraordinary income
Non-operating and Extraordinary income MOTION & CONTROL - Consolidated - Year ended March 31, 2001 ¥ 100 million FY 2000 FY2000 FY2001 Y.O.Y. 1st half 2nd half 1st half Non-operating income -43 -24 -29 +14 Net of interest expense and interest income and dividend income -39 -29 -25 +14 Equity in earn
Slide 12: Net income - Consolidated
Net income - Consolidated - MOTION & CONTROL (¥100 million) 75 50 25 0 Year ended March 31, 2000 Year ended March 31, 2001 Year ending March 31, 2002 ¥ 100 million FY ‘99 1st half FY ‘99 2nd half FY ‘00 1st half FY ‘00 2nd half FY ‘01 1st half Net income 12 16 60 54 37 Ratio (%) 0.5 0.7 2.2 2.1 1.4
Slide 13: Balance sheets - Consolidated (assets)
Balance sheets – Consolidated – MOTION & CONTROL ¥100 million Sep. 2000 Mar. 2001 Sep. 2001 Y.O.Y. (Rate: US$1=) (¥105.50) (¥114.75) (¥124.60) (Rate: STG£1 =) (¥160.18) (¥171.10) (¥175.39) (Rate: Euro 1 =) (¥106.55) (¥105.20) Current assets: 3,298 3,216 3,058 -158 Cash and deposits 293 187 214 27 No
Slide 14: Inventories
Inventories MOTION & CONTROL Y.O.Y. ¥ 100 million Effect of the (Calculated in Mar. ‘01 Sep. ‘01 Y.O.Y. exchange rate local currency) Japan 523 499 -24 -24 <Non-consolidated> 313 280 -33 Overseas 500 547 +47 +18 +29 Americas 184 214 +30 +14 +16 Europe 196 212 +17 -2 +19 Asia 120 121 +1 +6 -6 Total 1
Slide 15: Capital expenditures
Capital expenditures MOTION & CONTROL Year ended March 31, 2001 (¥100 million) FY 2000 FY2000 FY2001 FY2001 1st half 2nd half 1st half 2nd half (Forecast) Capital expenditures Total 162 223 209 163 Japan 94 153 122 89 <Non-consolidated> <87> <141> <83> <70> Overseas 68 70 87 74 Americas 13 21 25 37
Slide 16: Balance sheets - Consolidated (liabilities)
Balance sheets – Consolidated – MOTION & CONTROL ¥100 million Sep. 2000 Mar. 2001 Sep. 2001 Y.O.Y Notes and accounts payables 1,026 1,050 916 -134 Short term bank loans, Bonds 1,198 1,055 1,190 135 Others 426 515 485 -30 Long term liabilities: 1,914 1,797 1,587 -210 Bonds, Long term debts, etc. 1,43
Slide 17: 2. Forecasts for the Year Ending March 31, 2002 (Consolidated)
2. Forecasts For The Year Ending March 31, 2002 (Consolidated) 16 MOTION & CONTROL
Slide 18: Forecasts for the year ending March 31, 2002
Forecasts for the year ending March 31, 2002 MOTION & CONTROL - Consolidated - Year ended March 31, 2001 Year ending March 31, 2002 ¥ 100 million FY 2000 FY 2001 Y. O. Y. ＜Actual＞＜Actual＞ ＜Actual＞ ＜Actual＞＜Forecast＞ ＜Forecast＞ 1st half 2nd half Total 1st half 2nd half Total Net sales 2,685 2,646 5,3
Slide 19: Net sales forecasts - Consolidated - by Product
Net sales forecasts – Consolidated – MOTION & CONTROL [by Product] Year ended March 31, 2001 Year ending March 31, 2002 FY 2000 FY 2001 Y.O.Y. ＜Actual＞＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Forecast＞ ＞＜Forecast＞ ＞ 1st half 2nd half Total 1st half 2nd half Total Total sales 2,685 2,646 5,331 2,524 2,276 4,800 -
Slide 20: Sales forecasts by Geographical segment
Sales forecasts [by Geographical segment] MOTION & CONTROL Year ended March 31, 2001 Year ended March 31, 2002 FY 2000 FY 2001 ¥ 100 million ＜Actual＞ ＜Actual＞＜Actual＞ ＜Actual＞ ＜Forecast＞＜Forecast＞ ＞ 1st half 2nd half Total 1st half 2nd half Total Sales 2,155 2,226 4,381 1,908 1,792 3,700 Japan Opera
Slide 21: Cash flow forecasts
Cash flow forecasts （Excluding the effects of ） exchange rate differences） MOTION & CONTROL (1) Cash flow provided by (2) Cash flow used in (3) Cash flow used in （¥100 million） ） Operating activities +274 Investing activities -335 Financing activities +234 352 Loans, Increase of notes commercial Dep
Slide 22: Net sales forecasts - Consolidated - by Region
Net sales forecasts – Consolidated – MOTION & CONTROL [by Region] * Year ended March 31, 2001 Year ending March 31, 2002 FY 2000 FY 2001 Y.O.Y. ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Forecast＞ ＞ ＜Forecast＞ ＞ 1st half 2nd half Total 1st half 2nd half Total Total sales 2,685 2,646 5,331 2,524 2,276 4,80
Slide 23: Reference: Non-consolidated Results
Reference: Non-consolidated Results 22 MOTION & CONTROL
Slide 24: Profit and loss statement - Non-consolidated
Profit and loss statement MOTION & CONTROL - Non-consolidated - FY ‘00:1st half FY ‘00:2nd half FY ‘01:1st half ¥ 100 million (Six months ended (Six months ended (Six months ended Sep. 30, 2000) Mar. 31, 2001) Sep. 30, 2001) Y.O.Y Net sales 1,721 1,849 1,555 -166 Domestic 1,212 1,284 1,072 -140 Expo
Slide 25: Operating income versus FY 2000 (1st half) - Non-consolidated
Operating income versus FY 2000 (1st half) MOTION & CONTROL ¥ 100 million - Non-consolidated - Six months ended Sep. 30, 2000 73 19 +28 +4 Reduction of SGA +31 expenses Six months ended -86 Effect of Exchange Sep. 30, 2001 Effect of sales rate fluctuations decrease -31 Reduction of labor costs, etc.
Slide 26: Balance sheets - Non-Consolidated (assets)
Balance sheets – Non-Consolidated - MOTION & CONTROL ¥100 million Sep. 2000 Mar. 2001 Sep. 2001 Y.O.Y. Current assets: 2,438 2,243 1,951 -292 Cash and deposits 60 13 36 23 Notes and accounts receivable 1,283 1,200 983 -217 Marketable securities 322 223 219 -4 Inventories 377 313 281 -32 Others 396 4
Slide 27: Balance sheets - Non-Consolidated (liabilities)
Balance sheets – Non-Consolidated – MOTION & CONTROL ¥100 million Sep. 2000 Mar. 2001 Sep. 2001 Y.O.Y Current liabilities: 1,862 1,726 1,595 -131 Notes and accounts payables 910 905 810 -95 Short term bank loans, Bonds 737 548 548 0 Others 215 273 237 -36 Long term liabilities: 1,716 1,581 1,337 -24
Slide 28: Forecasts for the year ending March 31, 2002 - Non-consolidated
Forecasts for the year ending March 31, 2002 MOTION & CONTROL - Non-consolidated - Year ended March 31, 2001 Year ending March 31, 2002 ¥ 100 million FY 2000 FY 2001 Y.O.Y. ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Forecast＞ ＞＜Forecast＞ ＞ 1st half 2nd half Total 1st half 2nd half Total Net sales 1,721 1,
Slide 29: Net sales forecasts - Non-Consolidated - by Product
Net sales forecasts – Non-Consolidated – MOTION & CONTROL 2,000 (¥100 million) [by Product] 1,500 Bearings 1,000 500 Automotive components 0 Precision products Year ended March 31, 2001 Others FY ‘00 1st half FY ‘00 2nd half FY ‘01 1st half FY ‘01 2nd half ¥100 million <Actual> <Actual> <Actual> <Fo
Slide 30: Net sales forecasts - Non-Consolidated - by Region
Net sales forecasts – Non-Consolidated – MOTION & CONTROL (¥100 million) * [by Region] 2,000 1,500 Americas Europe Asia 1,000 Japan 500 0 Year ended March 31, 2001 FY ‘00 1st half FY ‘00 2nd half FY ‘01 1st half FY ‘01 2nd half ¥100 million <Actual> <Actual> <Actual> <Forecast> Y.O.Y.(%) Americas 11