Slide 1: Consolidated Business Results for the Third Quarter Ended December 31, 2007
CONSOLIDATED BUSINESS RESUITS FOR FOR THE THE THIRD THIRD QUARTER QUARTER ENDED ENDED DECEMBER DECEMBER 31, 31, 2007 2007 February 05, 2008 NSK Ltd. Cautionary Statements with Respect to Forward-Looking Statements Statements made in this report with respect to plans, strategies and future performanc
Slide 2: Summary of the Consolidated Business Results for FY 2007:Q3
Summary of the Consolidated Business Results for FY 2007:Q3 Business performance for Q3 was favorable. The trend is expected to continue in the last quarter. Sales and operating income for Q3 increased 9.6% and 8.4% respectively YOY Overall sales to machine tools/industrial machinery and automotive
Slide 3: Summary of the Consolidated Business Results for FY 2007:Q3
Summary of the Consolidated Business Results for FY 2007:Q3 (¥100 million) FY 2006 FY 2007 Difference on a Total Full year year-on-year Total Full year Actual Actual Actual Actual basis Actual Forecast Sales 1,813 5,306 7,172 1,987 +9.6% 5,680 7,600 Operating income 169 469 624 183 +8.4% 499 690 <%>
Slide 4: Quarterly Business Performance
Quarterly Business Performance Sales Operating income Ordinary income Net income Operating income margin (%) 8.7% 9.3% 9.0% 9.2% 8.5% 8.3% 8.1% ¥100 Million ¥100 Million 1Q 2Q 3Q 4Q 1Q 2Q 3Q 07/3 07/3 07/3 07/3 08/3 08/3 08/3 1US$= 07.3 1Q ¥114.34 07.3 2Q ¥116.25 07.3 3Q ¥117.56 07.3 4Q ¥119.59 08.3
Slide 5: Business Results by Business Segment
Business Results by Business segment (¥100 million) FY 2006 FY 2007 Difference on a Total Full year year-on-year Total Full year Actual Actual Actual Actual basis Actual Forecast Total Sales 1,813 5,306 7,172 1,987 +9.6% 5,680 7,600 Operating income 169 469 624 183 +8.4% 499 690 Margin 9.3% 8.8% 8.7
Slide 6: Business Results by Business Segment - Industrial Machinery Bearings
Business Results by Business segment - Industrial Machinery Bearings - Left Sales Industrial machinery bearings Right Operating income Quarterly business performance Margin ¥100 Million ¥100 Million 800 200 582 616 600 543 564 566 150 520 536 400 82 90 100 Sales 79 81 73 65 71 Operating 200 income 5
Slide 7: Business Results by Business Segment - Automotive Products
Business Results by Business segment - Automotive Products - Automotive products Left Sales Right Operating income Quarterly business performance Margin ¥100 Million ¥100 Million 1,500 200 1,200 1,133 1,012 1,045 1,032 1,059 150 977 945 900 Sales 76 84 100 600 59 60 59 63 49 Operating 50 300 income
Slide 8: Business Results by Business Segment - Precision Machinery and Parts
Business Results by Business segment - Precision Machinery and Parts - Left Sales Precision machinery & parts Right Operating income Quarterly business performance Margin ¥100 Million ¥100 Million 300 100 80 208 195 193 200 181 164 163 154 60 Sales 34 32 40 100 26 23 Operating 18 20 20 income 20 0 1
Slide 9: Business Results by Geographical Segment
Business Results by Geographical Segment (¥100 million) FY 2006 FY 2007 Difference on a Total Full year Total Full year year-on-year Actual Actual Actual Actual basis Actual Forecast Total Sales 1,813 5,306 7,172 1,987 +9.6% 5,680 7,600 Operating income 169 469 624 183 +8.4% 499 690 Margin 9.3% 8.8%
Slide 10: Business Results by Geographical Segment
Business Results by Geographical Segment Japan Left Sales Right Operating income Margin The Americas Operating income were flat YOY due to decrease in demand for precision precision Operating income doubled YOY backed by increase in sales of machinery & parts and increase in depreciation and SGA exp
Slide 11: Business Results by Customer Location
Business Results by Customer Location (¥100 million) FY 2006 FY 2007 Difference on a Total Full year Total Full year year-on-year Actual Actual Actual Actual basis Actual Forecast Sales 1,813 5,306 7,172 1,987 +9.6% 5,680 7,600 Japan 935 2,699 3,644 1,022 +9.4% 2,880 3,820 Non-Japan 878 2,607 3,528
Slide 12: Business Results by Customer Location
Business Results by Customer Location ¥100 Million Net sales by customer location 2,500 Quarterly business performance 2,000 Asia 1,500 Europe The Americas Japan 1,000 500 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 07/3 07/3 07/3 07/3 08/3 08/3 08/3 Japan Sales to machine tools/general industrial machinery sectors incr
Slide 13: Consolidated Balance Sheets
Consolidated Balance Sheets Assets Liabilities and net assets Net assets Current liabilities Current assets Non- Non-current assets Non- Non-current liabilities Ration of net worth to ¥100 Million total capital ¥100 Million 3Q 4Q 2Q 3Q 3Q 4Q 2Q 3Q 12 07/3 07/3 08/3 08/3 07/3 07/3 08/3 08/3
Slide 14: Inventories/Interest-Bearing Debts
Inventories/Interest-Bearing Debts Inventories Interest-bearing debts Japan The Americas Europe Asia Inventory turnover Japan Non- Non-Japan Net D/E ratio ¥100 Million ¥100 Million 3Q 4Q 2Q 3Q 3Q 4Q 2Q 3Q 13 07/3 07/3 08/3 08/3 07/3 07/3 08/3 08/3
Slide 15: Capital Expenditures/Depreciation
Capital Expenditures/Depreciation Japan 321 Americas 27 ¥100 Million Capital Expenditures Europe 41 Asia 76 Japan 234 Americas 36 Japan 176 Plan Europe 32 Americas 27 Japan 137 Asia 60 Europe 54 Americas 28 Asia 71 Europe 23 Japan 63 Asia 40 Americas 9 Japan 41 Europe 30 Americas 6 Asia 33 Europe 9
Slide 16: Supplementary Information - Research & Development, Employees
Supplementary Information - Research & Development, Employees - (¥100 million) FY 2006 FY 2007 Full year 1Q 2Q 3Q 4Q 1Q 2Q 3Q (Plan) Research & 23 25 25 28 23 27 25 105 development No. of employees FY 2006 FY 2007 1Q 2Q 3Q 4Q 1Q 2Q 3Q Employees 23,140 23,259 23,371 23,413 23,661 24,211 24,587 Japan