Slide 1: Consolidated Business Results of the First Quarter Ended June 30, 2004
CONSOLIDATED BUSINESS RESULTS OF THE FIRST QUARTER ENDED JUNE 30, 2004 July 29, 2004 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 stat
Slide 2: Summary of the Consolidated Business Results for FY 2004:Q1
Summary of the Consolidated Business Results for FY 2004:Q1 Results for the first quarter of FY 2004 Off to a good start towards our year-end goal of achieving record sales and operating income Outlook for the first half of FY 2004 Strong demand expected to continue Sales and profits expected to exc
Slide 3: Summary of the Consolidated Business Results for FY 2004:Q1
Summary of the Consolidated Business Results for FY 2004:Q1 (¥100 million) FY 2003 FY 2004 1st quarter 2nd quarter 3rd quarter 4th quarter Full year 1st quarter Japan: Apr.~Jun. Japan: Jul.~Sep. Japan: Oct.~Dec. Japan: Jan.~Mar. Japan: Apr.~Mar. Japan: Apr.~Jun. 1st half Overseas: Jan.~Mar. Overseas
Slide 4: Net sales – By customer location
Net sales –By customer location– (¥100 million) FY 2003 FY 2004 1st quarter 2nd quarter 3rd quarter 4th quarter 1st quarter Y-O-Y 1st half <Actual> <Actual> <Actual> <Actual> <Actual> <Initial forecast> Sales 1,257 1,281 1,297 1,387 1,403 +11.6% 2,730 Japan 658 666 697 765 737 +12.0% 1,405 The Ameri
Slide 5: Business results – By geographical segment
Business results – By geographical segment – (¥100 million) FY 2003 FY 2004 1st quarter 2nd quarter 3rd quarter 4th quarter 1st quarter Y-O-Y 1st half <Actual> <Actual> <Actual> <Actual> <Actual> <Initial forecast> Sales 1,257 1,281 1,297 1,387 1,403 +11.6% 2,730 Japan 931 937 992 1,058 1,042 +11.9%
Slide 6: Business results – By business segment
Business results –By business segment – (¥100 million) FY 2003 FY 2004 1st quarter 2nd quarter 3rd quarter 4th quarter 1st quarter Y-O-Y 1st half <Actual> <Actual> <Actual> <Actual> <Actual> <Initial forecast> Sales 1,257 1,281 1,297 1,387 1,403 +11.6% 2,730 Industrial 435 437 427 464 452 +4.0% 912
Slide 7: Consolidated balance sheets
Consolidated balance sheets (¥100 million) FY 2003 FY 2004 (1st quarter ended (2nd quarter ended (3rd quarter ended (4th quarter ended (1st quarter ended Difference from Jun. 30, ‘03) Sep. 30, ‘03) Dec. 31, ‘03) Mar. 31, ‘04) Jun. 30, ‘04) the period ended FY 2003: Q1 FY 2003: Q2 FY 2003: Q3 FY 2003
Slide 8: Inventories
Inventories (¥100 million) FY 2003 FY 2004 (1st quarter ended (2nd quarter ended (3rd quarter ended (4th quarter ended (1st quarter ended Difference Excluding Jun. 30, ‘03) Sep. 30, ‘03) Dec. 31, ‘03) Mar. 31, ‘04) Jun. 30, ‘04) from the period effect Difference FY 2004: Q1 ended in local currencies
Slide 9: Capital expenditures, Depreciation and Amortization
Capital expenditures Depreciation and Amortization (¥100 million) FY 2003 FY 2004 1st quarter 2nd quarter 3rd quarter 4th quarter 1st quarter Full year plan Capital expenditures 46 62 56 91 62 300 Japan 17 38 33 60 44 195 <Non- Non-consolidated> <10> <21> <14> <30> <20> <124> Overseas 29 24 23 31 18
Slide 10: Interest bearing debts
Interest bearing debts D/E ratio (times) (¥100 million) 1.57 1.31 1.31 1.36 1.21 1.08 1.08 2,724 2,678 2,614 2,458 2,465 2,409 556 514 554 2,165 403 483 484 Overseas 2,060 2,055 2,168 2,164 1,982 1,925 Japan FY 1999 FY (Year-end) 2000 FY (Year-end) 2001 FY (Year-end) 2002 FY (Year-end) 2003 FY (Year
Slide 11: Revised forecasts for FY 2004
Revised forecasts for FY 2004 (¥100 million) FY 2003 FY 2004 1st half Full year 1st half Full year 1st half Full year <Actual> <Actual> <Initial forecast> <Initial forecast> <Revised forecast> <Revised forecast> Sales 2,538 5,222 2,730 5,550 2,850 5,670 Operating 95 260 165 350 185 370 income Ordina
Slide 12: Revised forecasts – By customer location
Revised forecasts –By customer location– (¥100 million) FY 2003 FY 2004 1st half Full year 1st half Full year 1st half Full year <Actual> <Actual> <Initial forecast> <Initial forecast> <Revised forecast> <Revised forecast> Sales 2,538 5,222 2,730 5,550 2,850 5,670 Japan 1,324 2,786 1,405 2,922 1,478
Slide 13: Revised forecasts – By geographical segment
Revised forecasts –By geographical segment– (¥100 million) FY 2003 FY 2004 1st half Full year 1st half Full year 1st half Full year <Actual> <Actual> <Initial forecast> <Initial forecast> <Revised forecast> <Revised forecast> Sales 2,538 5,222 2,730 5,550 2,850 5,670 Japan 1,868 3,918 2,030 4,170 2,
Slide 14: Revised forecasts – By business segment
Revised forecasts –By business segment– (¥100 million) FY 2003 FY 2004 1st half Full year 1st half Full year 1st half Full year <Actual> <Actual> <Initial forecast> <Initial forecast> <Revised forecast> <Revised forecast> Sales 2,538 5,222 2,730 5,550 2,850 5,670 Industrial 872 1,763 912 1,810 908 1
Slide 15: Additional information
Additional information (¥100 million) FY 2003 FY 2004 1st quarter 2nd quarter 3rd quarter 4th quarter 1st quarter Research & Development 20 22 21 24 23 (Number of employees) FY 2003 FY 2004 1st quarter 2nd quarter 3rd quarter 4th quarter 1st quarter Employees 19,368 20,052 19,844 19,772 20,182 Japan