Nsk Ltd. · TSE:6471
Nsk — Q3 FY2008 Earnings Presentation
16 slides from Nsk's earnings presentation, Feb 4, 2009
Slide 1: Consolidated Business Results for the Third Quarter Ended December 31, 2008
CONSOLIDATED CONSOLIDATED BUSINESS BUSINESS RESULTS RESULTS FOR FOR THE THE THIRD THIRD QUARTER QUARTER ENDED ENDED DECEMBER DECEMBER 31, 31, 2008 2008 February 4, 2009 NSK Ltd. Cautionary Statements with Respect to Forward-Looking Statements Statements made in this report with respect to plans, str
Slide 2: Summary of Consolidated Business Results for FY 2008:Q3
Summary of Consolidated Business Results for FY 2008:Q3 Business results Although sales were robust in some business fields, such as the wind turbine sector, overall demand from machine tool, construction machinery and industr ial machinery manufacturers decreased rapidly. Global demand for automobi
Slide 3: Summary of Consolidated Business Results for FY 2008:Q3
Summary of Consolidated Business Results for FY 2008:Q3 (¥100 Million) 08/3 09/3 Apr.-Dec. Full year YOY Apr.-Dec. YOY Full year Actual Actual Actual Actual % Actual % <Forecast> Sales 1,987 5,680 7,720 1,532 -22.9% 5,365 -5.5% 6,700 Operating income 183 499 693 46 -74.9% 332 -33.4% 280 <%> <9.2%> <
Slide 4: Quarterly Business Performance
Quarterly Business Performance ¥100 Million 2500 Sales 1,987 2,040 2000 1,864 1,915 1,918 1,829 1,532 1500 1000 500 0 08/3 1Q 08/3 2Q 08/3 3Q 08/3 4Q 09/3 1Q 09/3 2Q 09/3 3Q ¥100 Million Operating income Ordinary income Net income Operating income margin 300 9.2% 9.6% 9.0% 250 08/3 1Q 2Q 3Q 09/3 8.1
Slide 5: Results by Business Segment
Results by Business Segment ¥100 Million 08/3 09/3 Apr.-Dec. YOY Apr.-Dec. YOY Actual Actual Actual % Actual % Total Sales 1,987 5,680 1,532 -22.9% 5,365 -5.5% Operating income 183 499 46 -74.9% 332 -33.4% % 9.2% 8.8% 3.0% 6.2% Industrial bearings Sales 616 1,764 486 -21.1% 1,703 -3.4% Operating inc
Slide 6: Segment Information: Industrial Machinery Bearings
Business Segment Information Industrial Machinery Bearings Sales Operating income/margin ¥100 Million ¥100 Million 800 150 700 14.1% 14.5% 14.4% 616 627 607 610 13.5% 13.1% 12.9% 566 582 600 486 100 90 90 500 9.3% 82 82 80 400 73 300 50 45 200 100 0 0 08/3 1Q 2Q 3Q 4Q 09/3 1Q 2Q 3Q 08/3 1Q 2Q 3Q 4Q
Slide 7: Segment Information: Automotive Products
Business Segment Information Automotive Products Sales Operating income/margin ¥100 Million ¥100 Million 1400 150 1200 1,133 1,133 7.2% 7.4% 7.3% 1,080 1,061 6.1% 1,032 1,059 5.7% 1000 4.4% 816 100 1.8% 800 84 84 76 600 63 61 47 50 400 200 15 0 0 08/3 1Q 2Q 3Q 4Q 09/3 1Q 2Q 3Q 08/3 1Q 2Q 3Q 4Q 09/3
Slide 8: Segment Information: Precision Machinery and Parts
Business Segment Information Precision Machinery and Parts Sales Operating Operating income/margin income/margin ¥100 Million ¥100 Million 250 40 14.3% 13.0% 11.8% 11.1% 201 9.4% 9.7% 200 30 28 164 163 162 154 149 155 20 20 150 20 18 16 14 100 10 -2.6% 50 0 -4 0 -10 08/3 1Q 2Q 3Q 4Q 09/3 1Q 2Q 3Q 08
Slide 9: Results by Geographical Segment
Business Results by Geographical Segment ¥100 Million) 08/3 09/3 3 Apr.-Dec. YOY Apr.-Dec. YOY Actual Actual Actual % Actual % Total Sales 1,987 5,680 1,532 -22.9% 5,365 -5.5% Operating income 183 499 46 -74.8% 332 -33.4% % 9.2% 8.8% 3.0% 6.2% Japan Sales 1,478 4,107 1,218 -17.6% 4,033 -1.8% Operati
Slide 10: Results by Geographical Segment
Business Results by Geographical Segment Japan Left: Sales Right: Operating income :Margin The Americas In addition to a steep decrease in sales to the automotive sector, the Operating income decreased dramatically due to the effects of declining declining appreciation of the Japanese yen and an inc
Slide 11: Results by Customer Location
Business Results by Customer Location ¥100 Million 08/3 09/3 3Q Apr.-Dec. 3Q YOY Apr.-Dec. YOY Actual Actual Actual % Actual % Sales 1,987 5,680 1,532 -22.9% 5,365 -5.5% Japan 1,022 2,880 798 -22.0% 2,726 -5.3% Non-Japan 965 2,800 734 -23.9% 2,639 -5.8% Non- Non-Japan ratio 48.5 49.3 47.9 49.2 The A
Slide 12: Results by Customer Location
Business Results by Customer Location ¥100 Million Net sales by customer location 2,500 Quarterly business performance 2,040 2,000 1,987 1,864 1,915 1,918 1,829 365 401 331 348 370 322 1,532 1,500 339 370 318 312 363 329 353 261 259 245 280 273 249 217 1,000 164 500 948 1,022 1,010 955 974 909 798 0
Slide 13: Consolidated Balance Sheets
Consolidated Balance Sheets Assets Liabilities and net assets Net assets Non- Non-current liabilities Non-current assets Current assets Current liabilities Change Ratio of net worth to total capital ¥100 Million from 2Q Change ¥100 Million from 2Q 8,029 8,286 8,285 8,228 -57 8,286 8,285 8,228 8,029
Slide 14: Inventories / Interest-Bearing Debt
Inventories / Interest-Bearing Debt Inventory Interest-Bearing Debt Japan The Americas Asia Europe Japan Non-Japan Net D/E ratio Inventory turnover times 7.5 7.1 times 6.9 6.5 3,225 487 ¥100 Million 2,644 2,617 1,192 1,198 (¥100 Million 1,086 2,272 342 413 1,018 219 224 187 366 177 226 209 226 206 1
Slide 15: Capital Expenditure, Depreciation
Capital Expenditure, Depreciation Capital Capital Expenditure Expenditure ¥100 Million Japan 308 800 Americas 38 Japan 250 Europe 77 Americas 20 700 Japan 176 Asia 97 Europe 30 600 Americas 27 Japan 188 Asia 100 520 3Q Europe 54 Americas 17 500 Asia 71 Europe 31 Plan Apr.-Dec. Asia 99 400 Full year
Slide 16: Supplementary Information: Research & Development, Employees
Supplementary Information Research & Development, Employees ¥100 Million 08/3 09/3 Full year Q1 Q2 Q3 Q4 Q1 Q2 Q3 (Plan) R&D 23 27 25 27 25 29 26 105 No. of employees 08/3 09/3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Employees 23,661 24,211 24,587 25,069 25,836 26,024 25,406 Japan 10,623 10,533 10,609 10,695 11,270 11