Nsk Ltd. · TSE:6471
Nsk — Q1 FY2016 Earnings Presentation
13 slides from Nsk's earnings presentation, Aug 1, 2016
Slide 1: Consolidated Business Results for the First Quarter Ended June 30, 2016
CONSOLIDATED BUSINESS RESULTS FOR THE FIRST QUARTER ENDED JUNE 30, 2016 August 1, 2016 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
Slide 2: Summary of Consolidated Business Results for FY2016: Q1
Summary of Consolidated Business Results for FY2016: Q1 Business Results for FY2016: Q1 ✓Consolidated Business Results for FY2016: Q1 (Apr.-Jun.) [IFRS] (From FY2015: Q1) -Net Sales : ¥ 231.8 billion ( -¥ 19.4 billion / - 7.7% ) -Operating income before deducting ( -¥ 6.9 billion / -25.1% ) other op
Slide 3: Summary of Consolidated Business Results for FY2016: Q1 (Table)
Summary of Consolidated Business Results for FY2016: Q1 (Billions of yen) FY2015 [IFRS] FY2016 [IFRS] Increase/ 1st half Full year Q1 1st half Full year Q1 Decrease % <May 11 <May 11 <Actual> <Actual> <Actual> <Actual> YOY Change FCST> FCST> Net sales 251.2 489.7 975.3 231.8 -19.4 -7.7% 450.0 920.0
Slide 4: Quarterly Business Performance
Quarterly Business Performance (Billions of yen) Net sales 300 251.2 238.5 245.7 239.9 231.8 200 100 0 FY2015 Q1 Q2 Q3 Q4 FY2016 Q1 Operating income Net income attributable to Operating income margin owners of the Parent (Billions of yen) 40 10.6% 10.0% 9.2% 6.8% 6.3% 30 26.6 24.6 21.9 20 17.2 16.4
Slide 5: Sales & Operating Income Results by Business Segment
Sales & Operating Income Results by Business Segment (Billions of yen) FY2015 [IFRS] FY2016 [IFRS] Q1 1st half Full year Q1 Increase/ % 1st half Full year Decrease <May 11 <May 11 <Actual> <Actual> <Actual> <Actual> Change YOY FCST> FCST> Total Net sales 251.2 489.7 975.3 231.8 -19.4 -7.7% 450.0 920
Slide 6: Sales & O.I. Results by Business Segment - Automotive Business
Sales & O.I. Results by Business Segment ー Automotive Business ー Net Sales Operating Income/Margin (Billions of yen) (Billions of yen) Automotive bearings Automotive components 30 11.5% 200 173.5 177.9 172.2 165.4 167.7 25 9.7% 9.4% 8.8% 9.2% 20.4 150 20 95.0 97.4 93.5 16.8 88.9 90.1 15.5 15.2 15.4
Slide 7: Sales & O.I. Results by Business Segment - Industrial Machinery Business
Sales & O.I. Results by Business Segment ー Industrial Machinery Business ー Net Sales Operating Income/Margin (Billions of yen) (Billions of yen) 100 20 90 Precision machinery and parts 12.4% Industrial machinery bearings 9.9% 80 7.3% 70.3 15 7.2% 70 66.3 5.4% 11.4 61.8 61.4 11.0 57.7 60 9.6 9.7 50 9
Slide 8: Sales Results by Customer Location
Sales Results by Customer Location (Billions of yen) FY2015 [IFRS] FY2016 [IFRS] Increase/ 1st half Full year Q1 1st half Full year Q1 Decrease % <May 11 <May 11 <Actual> <Actual> <Actual> <Actual> Change FCST> FCST> YOY Net sales 251.2 489.7 975.3 231.8 -19.4 -7.7% 450.0 920.0 Japan 81.3 162.0 318.
Slide 9: Sales Results by Customer Location (Quarterly)
Sales Results by Customer Location Net sales by customer location - quarterly performance (Billions of yen) 300 Japan The Americas Europe China Other Asia 263.0 247.5 251.2 245.7 250 235.1 238.5 239.9 36.7 231.8 229.3 35.3 35.2 33.6 35.3 33.0 31.8 33.4 31.0 200 60.5 53.3 54.7 54.8 46.7 48.2 47.1 49.
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet Assets Liabilities / Total equity Non-current assets Current assets Total equity Non- Current liabilities Current liabilities Ratio of net worth to total capital (Billions of yen) Change from Q4 (Billions of yen) Change from Q4 1,144.9 1,144.9 -66.7 1,032.4 1,032.4 965.7 9
Slide 11: Inventories / Interest-bearing Debt
Inventories / Interest-bearing Debt Inventories Interest-bearing debt Japan Non-Japan Inventory turnover Japan Non-Japan Net D/E ratio (Times) 7.2 7.2 7.0 0.26 0.27 0.23 (Billions of yen) (Billions of yen) 144.5 327.3 130.6 126.2 65.6 278.2 271.2 41.4 37.7 94.3 83.0 76.5 261.7 236.8 233.5 50.2 47.5
Slide 12: Capital Expenditure / Depreciation
Capital Expenditure / Depreciation Capital Expenditure (Billions of yen) 70 Plan 62.0 60 Japan 28.1 55.0 Non-Japan 26.9 50 Q1 40 Full Year 30 Japan 4.6 Japan 4.4 * IFRS base Non-Japan 5.0 Non-Japan 3.6 20 * Including intangible assets 9.6 8.0 10 0 FY2015 FY2016 Depreciation (Billions of yen) 60 Japa
Slide 13: (Supplementary Information) R&D Expenses / Number of Employees
(Supplementary Information) R&D Expenses / Number of Employees (Billions of yen) FY2015 FY2016 Q1 Q2 Q3 Q4 Q1 Full year (Plan) R&D expenses 2.6 2.9 2.7 3.0 2.8 13.0 (Headcount) FY2015 FY2016 Q1 Q2 Q3 Q4 Q1 Total: 31,467 31,162 31,491 31,587 31,701 Japan 11,092 11,065 11,303 11,291 11,503 The America