Slide 1: Consolidated Business Results for the First Quarter Ended June 30, 2024
NSK Ltd. FINANCIAL CONFERENCE Consolidated Business Results for the First Quarter Ended June 30, 2024 Cautionary Statements with Respect to Forward-Looking Statements July 30, 2024 Statements made in this report with respect to plans, strategies and future performance that are not historical fact ar
Slide 2: Key Points - Consolidated Business Results for FY2024 Q1
Key Points - Consolidated Business Results for FY2024 Q1 ✓ FY2024 Business Environment in Line with Expectations Industrial: Low demand, Order intake showing signs of gradual recovery Automotive: YOY Vehicle production flat, Japanese Automakers down The Japanese yen weakened more than expected again
Slide 3: Summary of Consolidated Business Results for FY2024 Q1
Summary of Consolidated Business Results for FY2024 Q1 ✓ FY24 1Q result: Increased sales and profits year-on-year. Pursuing transfer of increasing costs to sales prices and cost reductions; Yen depreciated further. ✓ Progress in line with plan. FY2023 FY2024 Increase/ (Effect of Decrease Difference
Slide 4: Operating Income: Factors Behind Change
Operating Income: Factors Behind Change （FY2023 Q1 ⇒ FY2024Q1）(Continuing operations) (Billions of yen) Effect of exchange rate One-time fluctuations expenses ✔ Cost of steel, parts, energy, etc. -0.1 ✔ Labor cost increase -1.4 Cost reductions Volume/ Mix Inflation/ Labor cost Transfer of increase i
Slide 5: Industrial Machinery Business
Industrial Machinery Business ■Sales (Ind BRG) ■Sales (Precision) ■S.I. ● S.I.(%) Increase/ Difference FY2023 FY2024 (Billions Decrease YOY 100.1 Q1 Q1 YOY (Excluding 95.3 96.3 93.4 of yen) 89.9 90.5 effect of Actual Actual (Effect of exchange exchange 85.1 85.9 83.9 rate fluctuations) rate fluctuat
Slide 6: Automotive Business
Automotive Business ■Sales ■S.I. ● S.I.(%) (Billions FY2023 FY2024 Increase/ Difference 108.0 Decrease YOY 103.9 of yen) Q1 Actual Q1 Actual YOY (Effect of exchange (Excluding effect of 94.5 95.2 101.7 100.5 rate fluctuations) exchange rate fluctuations) 94.8 90.1 Sales 95.2 100.5 +5.3 +5.5% 80.0 +6
Slide 7: Consolidated Business Forecast for the Year Ending March 31, 2025
Consolidated Business Forecast for the Year Ending March 31, 2025 ✓Business environment: Continued uncertainty due to forex fluctuations, interest rates, and geopolitical risks. ✓Order intake shows an uptrend in the Industrial Machinery Business. Maintain assumption of demand recovery in H2. Forecas
Slide 8: Forecast for FY2024 by Segment
Forecast for FY2024 by Segment ≫ Industrial Machinery Business Demand Trends by Sector ✓Inventory adjustments tapering off, orders recovering (NSK forecast） ✓Sluggish Europe, Risk of delayed recovery in China Industrial Machinery FY24 H1 vs FY24 H2 vs Bearings FY23 H2 FY24 H1 FY2023 FY2024 Increase/
Slide 9: FY24 Q1 Progress on Structural Reforms
FY24 Q1 Progress on Structural Reforms One-time expenses: ¥5 billion to be booked in FY24 Effect: Contribute to profit of ¥9 billion by FY26 1. Sale of European Production Subsidiary (July 25, 2024) >> Neuweg: Germany; Manufacturing of bearings for industrial machinery; Capital: €8.9 million >> Sold
Slide 10: FY24 Q1 Progress on Structural Reforms
FY24 Q1 Progress on Structural Reforms Organizational reforms to drive sustainability and address Key Management Tasks outlined in Mid-Term Management Plan 2026 1. Share Transfer - Logistics Subsidiary (July 1, 2024) >> NSK Logistics Co., Ltd.: Japan; Logistics; Capital: ¥90 million >> Shift to join
Slide 11: (Supplementary Information)
（Supplementary Information） Copyright NSK Ltd. All Rights Reserved.
Slide 12: Appendix. 2024 New Products and Technology
Appendix. 2024 New Products and Technology Press release Developed Bearings for Servo Motors for Robots: Low-Particle-Emission, Low Torque BKV/NSK Synergy: B&K Vibro Products Introduced to Japanese Market Developed Bearings for Gas Turbine Generators for Large Drones Photo (right): Transport Drone w
Slide 13: Financial Results by Business Segment
Supplementary Information : Financial Results by Business Segment Due to the classification of the steering business as a discontinued operation in FY23 Q1, the figures are shown as continuing operations excluding the steering business. Income from the equity in the joint venture with JIS, which was
Slide 14: Sales by Customer Location
Supplementary Information: Sales by Customer Location Due to the classification of the steering business as a discontinued operation in FY23 Q1, the figures are shown as continuing operations excluding the steering business. Income from the equity in the joint venture with JIS, which was established
Slide 15: Consolidated Balance Sheet
Supplementary Information: Consolidated Balance Sheet Due to the classification of the steering business as a discontinued operation in FY23 Q1, FY23 FY24 Ex. Rate the assets and liabilities of the discontinued operation are shown in parentheses as End of Q4 End of Q1 "Assets and liabilities related
Slide 16: Inventories / Interest-Bearing Debt
Supplementary Information: Inventories / Interest-Bearing Debt FY23 FY24 Steering business classified as discontinued operation from FY23 Ex. Rate End of Q4 End of Q1 Q1 results; FY23 results show continuing operations excluding 1USD 151.4 161.1 discontinued operations. 1EUR 163.3 172.4 1CNY 20.8 22
Slide 17: Capital Expenditures, Depreciation and Amortisation, R&D Expenses
Supplementary Information: Capital Expenditures, Depreciation and Amortisation, R&D Expenses Steering business classified as discontinued operation from FY23 Q1 results; FY23 results show continuing operations excluding discontinued operations. FY23 FY24 Full year Q1 Full year （Billions of yen） Actu
Slide 18: Mission Statement / NSK Vision 2026
Mission Statement NSK contributes to a safer, smoother society and helps protect the global environment through its innovative technology integrating Motion & ControlTM. As a truly international enterprise, we are working across national boundaries to improve relationships between people throughout