Nsk Ltd. · TSE:6471

Nsk — Q1 FY2003 Earnings Presentation

15 slides from Nsk's earnings presentation, Aug 7, 2003

  1. Slide 1: Consolidated Business Results of the First Quarter Ended June 30, 2003

    CONSOLIDATED BUSINESS RESULTS OF THE FIRST QUARTER ENDED JUNE 30, 2003 August 07, 2003 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-looking st

  2. Slide 2: Summary of the Consolidated Business Results for FY 2003:Q1

    Summary of the Consolidated Business Results for FY 2003:Q1 • First quarter business results in line with forecasts. • European and precision machinery businesses expected to return to profitability due to business restructuring efforts. (¥100 million) FY 2002 FY 2003 FY 2003 1st half 1st half 1st q

  3. Slide 3: Changes in the Scope of Consolidation

    Changes in the Scope of Consolidation (1) Changes in the scope of consolidated subsidiaries (76 companies 75 companies) < Increase due to establishment of new corporate entities: 1 company > • NSK (China) Investment Co., Ltd. (Equity: 100%) < Decrease due to sale of the company: 2 companies > • NSK

  4. Slide 4: Consolidated Net Sales by Customer Location

    Consolidated net sales –By customer location– FY 2003: Q1 FY 2003: 1H (¥100 million) <Actual> <Ref: Initial Forecast> Sales 1,257 2,470 Japan 656 1,272 The Americas 188 398 Europe 223 416 Asia 190 384 • Japan: Robust sales to the automotive and general industries. • The Americas: Strong sales in Can

  5. Slide 5: Consolidated Business Results by Geographical Segment

    Consolidated business results ––By geographical segment–– FY 2003: Q1 FY 2003: 1H (¥100 million) <Actual> <Ref: Initial Forecast> Sales 1,257 2,470 Japan 931 1,830 The Americas 185 377 Europe 232 431 Asia 139 275 Elimination -230 -443 Operating income 41 <3.3%> 90 <3.6%> Japan 31 <3.3%> 68 <3.7%> Th

  6. Slide 6: Consolidated Business Results by Business Segment

    Consolidated business results –By business segment– FY 2003: Q1 FY 2003: 1H (¥100 million) <Actual> <Ref: Initial Forecast> Sales 1,257 2,470 Bearings 808 1,600 Automotive components 318 610 Precision machinery 95 200 Others 36 60 Operating income 41 <3.3%> 90 <3.6%> Bearings 43 <5.3%> 90 <5.6%> Aut

  7. Slide 7: Consolidated Balance Sheets (Assets)

    Consolidated balance sheets (Assets) (Year ended (Year ended (First quarter ended Difference (¥100 million) Mar. 31, 2002) Mar. 31, 2003) Jun. 30, 2003) from the FY 2001 FY 2002 FY 2003: Q1 previous fiscal year Current assets 2,915 2,858 2,936 +78 Cash and deposits 245 373 433 +60 Notes and accounts

  8. Slide 8: Consolidated Inventories

    Consolidated inventories (Year ended (Year ended (First quarter ended (¥100 million) March. 31, 2002) March 31, 2003) June 30, 2003) Y.O.Y Excluding effect of FOREX, etc. Y.O.Y in local FY 2001 FY 2002 FY 2003: Q1 currencies Japan 454 380 355 -25 -25 <Non- 268 184 179 -5 -5 consolidated> Overseas 52

  9. Slide 9: Consolidated Capital Expenditures

    Consolidated capital expenditures (¥100 million) (Year ended (Year ended (First quarter ended March. 31, 2002) March 31, 2003) June 30, 2003) FY 2003 FY 2001 FY 2002 FY 2003: Q1 Plan Total capital 362 230 46 240 expenditures Japan 185 120 17 120 <Non-consolidated> <134> <77> <10> <75> Overseas 177 1

  10. Slide 10: Consolidated Balance Sheets (Liabilities and Shareholders' Equity)

    Consolidated balance sheets (Liabilities and Shareholders’ equity) (¥100 million) (Year ended (Year ended (First quarter ended Difference from Mar. 31, 2002) Mar. 31, 2003) Jun. 30, 2003) the previous FY 2001 FY 2002 FY 2003: Q1 fiscal year Current liabilities 2,394 2,274 2,377 +103 Notes and accoun

  11. Slide 11: Consolidated Interest Bearing Debts

    Consolidated interest bearing debts D/E ratio (times) (¥100 million) 1.57 1.51 1.41 1.31 1.08 2,724 2,678 2,648 2,458 2,478 556 514 527 403 Overseas 2,168 2,164 2,121 2,055 Japan FY 2000 (Year-end) FY 2001 (Year-end) FY 2002 (Year-end) FY 2003: Q1 FY 2003 (Forecast) 10

  12. Slide 12: Cash Flow

    Consolidated cash flow (FY 2003: Q1) (Excluding the effect of exchange rate fluctuations) （¥100 million） ） (1) Cash flow provided by (2) Cash flow used in (3) Cash flow used in Operating activities +99 Investing activities -25 Financing activities -14 64 61 Source of Funds Ordinary income 34 Others

  13. Slide 13: Business Forecasts for FY 2003

    Business forecasts for FY 2003 (¥100 million) Revised Forecast Initial Forecast 1st half Full year 1st half Full year Sales 2,530 4,980 2,470 4,920 Operating 100 230 90 220 income Ordinary 70 170 65 165 income Profit before 76 176 70 170 tax Net income 30 90 20 80 (Rate: 1 US$= ) (¥119.14) (¥118.57)

  14. Slide 14: Reference 1: Summary of the Non-consolidated Business Results for FY 2003:Q1

    REFERENCE 1: Summary of the Non-consolidated Business Results for FY 2003:Q1 (¥100 million) FY 2002 FY 2003 FY 2003 1st half 1st half 1st quarter (Six months ended (Six months ending (Japan: Apr.~Jun. Sep. 30, 2002) Sep. 30, 2003) Overseas: Jan.~Mar.) <Actual> <Initial Forecast> <Actual> Sales 1,602

  15. Slide 15: Reference 2: R&D Expenses and Employees

    REFERENCE 2: FY 2002 FY 2003: Q1 (¥100 million) <Actual> <Actual> R&D expenses 83 15 FY 2002 FY 2003: Q1 (Persons) <Actual> <Actual> Employees 20,351 19,368 Japan 8,336 8,161 Parent company 3,619 3,636 (Non-consolidated) The Americas 2,996 3,015 Europe 4,970 4,693 Asia 4,049 3,499 14

NSK — Q1 FY2003 Earnings Presentation on 6ix