Nsk Ltd. · TSE:6471
Nsk — Q1 FY2011 Earnings Presentation
16 slides from Nsk's earnings presentation, Aug 1, 2011
Slide 1: Consolidated Business Results for the First Quarter Ended June 30, 2011
CONSOLIDATED BUSINESS RESULTS FOR THE FIRST QUARTER ENDED JUNE 30, 2011 August,1 2011 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 sta
Slide 2: Summary of Consolidated Business Results for FY 2011:1Q
Summary of Consolidated Business Results for FY 2011:1Q Business Results for FY2011:Q1 1Q From last 1Q Net Sales ¥ 166.1 billion ( -¥ 7.9 billion / 4.5% decrease ) Operating income ¥ 10.0 billion ( -¥ 0.3 billion / 3.6% decrease ) Net Income ¥ 5.9 billion ( +¥0.8 billion / 14.9% increase ) ◎The lowe
Slide 3: Summary of Consolidated Business Results for FY 2011:1Q
Summary of Consolidated Business Results for FY 2011:1Q （Billions of yen） ’11/3 ’12/3 Q1 1st half Full year Q1 Increase 1st half Full year /decrease % ＜Actual＞ ＜ Actual ＞ ＜Actual＞ ＜Actual＞ YOY （Forecast） （Forecast） Sales 174.0 352.8 710.4 166.1 -7.9 -4.5% 340.0 730.0 Operating 10.3 20.3 43.5 10.0 -0
Slide 4: Quarterly Business Performance
Quarterly Business Performance （Billions 250 Sales of yen） 200 178.8 180.0 174.0 177.6 166.1 150 100 50 （Billions 0 of yen） 11/3 1Q 2Q 3Q 4Q 12/3 1Q 20 Operating income Ordinary income Net income Operating income margin 08/3期1Q 2Q 3Q 4Q 09/3期1Q 2Q 7 .0 % 15 5 .9 % 6 .0 % 6 .0 % 5 .6 % 1 2 .6 1 2 .1
Slide 5: Results by Business Segment
Results by Business Segment (Billions of yen) ’11/3 ’12/3 Increase/ Q1 1st half Full year Q1 decrease 1st half Full year ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ YOY % （Forecast） （Forecast） Total Sales 174.0 353.0 710.0 166.1 -7.9 -4.5% 340.0 730.0 Operating income 10.3 20.3 43.5 10.0 -0.3 -3.6% 18.5 50.
Slide 6: Results by Business Segment - Industrial Machinery Business
Results by Business Segment －Industrial Machinery Business （Billions of yen） Sales （Billions of yen） Operating income/Margin 100 15 Industrial machinery Precision and machinery 90 bearings and parts 11.3% 80 9.2% 9.3% 65.7 65.4 66.2 68.0 70 61.8 10 6.1% 6.8% 60 12.9 16.1 15.7 14.7 7.7 12.7 50 6.0 6.
Slide 7: Results by Business Segment - Automotive Business
Results by Business Segment －Automotive Business （Billions of yen） Sales （Billions of yen） Operating income/Margin 140 Automotive bearings Automotive components 14 120 105.6 106.6 107.5 104.5 12 6.9% 6.9% 100 90.2 5.9% 5.7% 10 3.4% 80 51.5 51.9 53.5 50.6 7.3 8 7.4 43 60 6.3 5.9 6 40 4 3.1 54.1 54.7
Slide 8: Results by Geographical Segment
Results by Geographical Segment （Billions of yen） ’11/3 ’12/3 Q1 1st half Full year Q1 Increase/ 1st half Full year decrease % ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ YOY （Forecast） （Forecast） Total Sales 174.0 352.8 710.4 166.1 -7.9 -4.5% 340.0 730.0 Operating income 10.3 20.3 43.5 10.0 -0.3 -3.6% 18.5
Slide 9: Results by Geographical Segment
Results by Geographical Segment Left：Sales Right：Operating income Japan The Americas （Billions of yen） （Billions of yen） (Billions of yen） （Billions of yen） 160 30 135.3 139.5 14 140 128.7 128.8 121.0 12 21.9 21.3 21.9 4 120 19.6 19.4 10 20 100 10.4 8 80 60 7.9 7.5 6 2 6.9 7.2 10 40 4 20 2 1.1 1.5 0
Slide 10: Results by Customer Location
Results by Customer Location （Billions of yen） ’11/3 ’12/3 Increase/ Q1 1st half Full year Q1 1st half Full year decrease % ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ YOY （Forecast） （Forecast） Sales 174.0 352.8 710.4 166.1 -7.9 -4.5% 340.0 730.0 Japan 85.1 176.0 354.5 75.8 -9.3 -10.9% 164.0 359.0 Non-Japan
Slide 11: Results by Customer Location
Results by Customer Location （Billions Net sales by customer location of yen） Quarterly business performance 250 J a pa n The A meri ca s (Comparedtotothe (Compared thesame sameperiod periodlast lastyear year )) Europe Asia 200 Asia：Sales in 1Q decreased only by 1.4% from 4Q 174.0 178.8 180.0 177.6
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Assets Liabilities and net assets Net assets Non- Non-current Current liabilities Ratio of net worth to Non- Non-current assets Current assets liabilities total capital Change from 4Q （Billions of yen） 822.0 +33. +33.4 （Billions of yen） 822.0 Change from 4Q 772.7 788.6 788
Slide 13: Inventories, Interest-bearing Debt
Inventories, Interest-bearing Debt Inventories Interest-bearing debt Japan Non- Non-Japan Japan Non- Non-Japan Net D/E ratio Inventory turnover （times） 6.6 6.5 （Times） 5.8 0.68 119.4 0.60 0.62 （Billions of yen） 111.6 （Billions of yen） 104.8 306.3 289.2 274.6 36.0 31.8 64.0 34.0 52.9 58.9 257.4 270.3
Slide 14: Capital Expenditure, Depreciation
Capital Expenditure, Depreciation （Billions of yen） Capital Expenditure Plan Japan 17.0 70 Americas 2.5 Japan 17.5 Europe 4.5 60 Americas 0.3 Asia 22.0 Europe 3.3 50 46.0 Asia 14.9 1Q 40 38.7 Japan 2.6 Japan 1.7 Americas 0.3 Fu ll ye ar 30 Americas 0.3 Europe 0.6 Europe 0.3 Asia 5.9 20 Asia 3.5 9.4
Slide 15: Supplementary Information - Research & Development, Employees
Supplementary Information ―Research & Development, Employees （Billions of yen） ’11/3 ’12/3 Full year 1Q 2Q 3Q 4Q 1Q (Plan) Research & 2.2 2.8 2.6 3.0 2.3 11.5 Development （No. of employees） ’11/3 ’12/3 1Q 2Q 3Q 4Q 1Q Employees 25,181 25,207 26,212 26,334 26,568 Japan 11,544 11,478 11,407 11,295 11,4
Slide 16: Supplementary Information - Forecasts by Business Segment
Supplementary Information ―Forecasts by Business Segment （Billions of yen） ’11/3 ’12/3 Increase/ 1st half 2nd half Full year 1st half 2nd half Full year decrease YOY ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Forecast＞ ＜Forecast＞ ＜Forecast＞ Sales 352.8 357.6 710.4 340.0 390.0 730.0 +19.6 Industrial machinery busin