Nsk Ltd. · TSE:6471
Nsk — Q3 FY2017 Earnings Presentation
12 slides from Nsk's earnings presentation, Feb 2, 2018
Slide 1: Consolidated Business Results for the Third Quarter Ended December 31, 2017
CONSOLIDATED BUSINESS RESULTS FOR THE THIRD QUARTER ENDED DECEMBER 31, 2017 February 2, 2018 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 FY2017: Q3
Summary of Consolidated Business Results for FY2017: Q3 Business Results for FY2017: Q3 ✓Consolidated Business Results for FY2017: Q3 Q3 YTD (vs. FY2016: Q3 (Oct. – Dec.) (vs. FY2016:Q3) (Apr. – Dec.) Q3 YTD) (+¥ 22.3 billion (+¥ 60.0 billion Net Sales : ¥ 264.3 billion / +9.2%) ¥ 757.7 billion / +8
Slide 3: Summary of Consolidated Business Results for FY2017: Q3
Summary of Consolidated Business Results for FY2017: Q3 FY2016 FY2017 Increase/ Increase/ Q3 Apr-Dec Full year Q3 Difference Apr-Dec Difference Full year Decrease YOY Decrease (Billions of yen) <Actual> <Actual> <Actual> <Actual> <Actual> YOY <Nov. Fcst> YOY YOY Net sales 242.1 697.7 949.2 264. 3 +2
Slide 4: Sales & Operating Income Results by Business Segment
Sales & Operating Income Results by Business Segment FY2016 FY2017 Increase/ Increase/ Full year Q3 Apr-Dec Full year Q3 Difference Apr-Dec Difference Decrease YOY Decrease YOY <Nov. (Billions of yen) <Actual> <Actual> <Actual> <Actual> YOY <Actual> YOY Fcst> Total Net sales 242.1 697.7 949.2 264.3
Slide 5: Business Results: Industrial Machinery Business
Business Results: Industrial Machinery Business Ind BRG Precision O.I O.I (%) 8.8% 11.8% 6.8% 8.1% 7.3% 7.7% 2.9% 68.5 62.6 64.3 61.5 57.5 14.9 54.3 53.6 13.6 12.1 13.2 10.7 9.8 10.0 49.4 49.3 50.7 53.6 8.1 44.4 43.6 46.8 4.7 5.5 4.7 4.6 3.7 1.6 FY16 FY17 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1USD= 108.25 102.45 109
Slide 6: Business Results: Automotive Business
Business Results: Automotive Business Auto BRG Auto Comp O.I O.I (%) 9.5% 10.8% 9.3% 9.9% 9.9% 7.4% 7.9% 182.8 187.8 171.2 178.1 174.2 178.0 164.3 96.2 96.3 90.1 94.4 89.9 91.6 87.5 19.7 18.6 15.9 12.2 16.8 17.2 14.1 81.0 83.6 86.6 84.2 86.3 91.5 76.8 FY16 FY17 Q1 Q2 Q3 Q4 Q1 Q2 Q3 1USD= 108.25 102.
Slide 7: Sales Results by Customer Location
Sales Results by Customer Location FY2016 FY2017 Increase/ Increase/ Q3 Apr-Dec Full year Q3 Difference Apr-Dec Difference Decrease YOY Decrease YOY (Billions of yen) <Actual> <Actual> <Actual> <Actual> <Actual> YOY YOY Net sales 242.1 697.7 949.2 264.3 +22.3 +9.2% 757.7 +60.0 +8.6% Japan 85.2 242.4
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet Assets Liabilities / Total equity Current liabilities Non-Current assets Change Non- Current liabilities Change Current assets Total equity from Q4 Ratio of net worth to total capital from Q4 （Billions of yen） +65.1 1,109.1 +65.1 （Billions of yen） 1,109.1 1,086.4 1,086.4 1
Slide 9: Inventories/Interest-bearing debt
Inventories/Interest-bearing debt Inventories Interest-bearing debt Japan Non-Japan Inventory turnover Japan Non-Japan Net D/E ratio 7.2 7.2 7.2 0.28 0.25 （Times） 0.22 （Billions of yen） （Billions of yen） 143.0 148.4 131.8 267.4 266.6 268.7 43.2 42.8 41.9 90.3 94.5 81.6 224.2 223.9 226.8 50.2 52.7 53
Slide 10: Capital Expenditure/Depreciation and amortisation
Capital Expenditure/Depreciation and amortisation Capital Expenditure （Billions of yen） Japan 31.5 Plan 70 Non-Japan 27.1 68.0 Japan 23.4 60 58.6 Non-Japan 18.9 Japan 17.0 50 Non-Japan 16.1 42.3 Q3 40 33.2 Japan 9.7 Japan 6.7 Apr-Dec 30 Non-Japan 8.4 Non-Japan 6.9 Full Year 20 18.1 * Including intan
Slide 11: (Supplementary Information) Quarterly Business Performance
(Supplementary Information) Quarterly Business Performance （Billions of yen） Net sales 300 264.3 242.1 251.5 243.8 249.5 231.8 223.8 200 100 0 FY16 Q1 Q2 Q3 Q4 FY17 Q1 Q2 Q3 Operating income Net income attributable to owners of the parent Operating income margin （Billions of yen） 10.6% 40 9.6% 7.3%
Slide 12: (Supplementary Information) R&D Expenses / Number of Employees
(Supplementary Information) R&D Expenses / Number of Employees FY2016 FY2017 Q1 Q2 Q3 Q4 Full year Q1 Q2 Q3 Full year （Billions of yen） <Nov. Fcst> R&D Expenses （on Statutory basis） 2.8 3.2 3.2 4.6 13.9 3.8 4.4 4.5 17.0 FY2016 FY2017 (Headcount) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Total: 31,701 31,544 31,545 31,50