Slide 1: Consolidated Business Results for the Third Quarter ended December 31, 2025
FINANCIAL CONFERENCE Consolidated Business Results for the Third Quarter ended December 31, 2025 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 February 4, 2026 are
Slide 2: Contents
Contents 1. Consolidated Business Results for the Third Quarter Ended December 31, 2025 2. Consolidated Business Forecast for the Year Ending March 31, 2026 (Supplementary Information) Copyright NSK Ltd. All Rights Reserved.
Slide 3: Consolidated Business Results for the Third Quarter Ended December 31, 2025
Consolidated Business Results for the Third Quarter Ended December 31, 2025 The Steering Business was consolidated as a subsidiary on September 1, 2025, with financial results disclosed as an independent segment starting with the results for the fiscal year ending March 31, 2026 (FY2025). Accordingl
Slide 4: Key Points - Consolidated Business Results for FY2025 Q3
Key Points - Consolidated Business Results for FY2025 Q3 ✓ Sales and profits increased YoY ✓ Recorded ¥4.0 billion structural reform expenses focused on Europe ✓ Yen depreciation exceeded November forecast YoY FY2025 YoY Steering Business Q3 Sales 658.5bn +61.5bn (+57.7bn) Result Operating Income 27
Slide 5: Summary – Consolidated Business Results for FY2025 Q3
Summary – Consolidated Business Results for FY2025 Q3 ✓ Operating income currently at 91% of November 2025 plan. ✓ Steady progress in profitability improvement initiatives including structural reforms, improvements in line with plan YoY. (Steering Business YoY Sales +¥57.7 bn, Operating Income +¥5.0
Slide 6: Operating Income: Factors Behind Change (FY2024 Q3 ⇒ FY2025 Q3)
Operating Income: Factors Behind Change (FY2024 Q3 ⇒ FY2025 Q3) (Billions of yen) ✓ Promoting profitability improvement through structural reforms. ✓ Due to the timing of cost increases and decreases, as of Q3, results are below the full-year plan. (Steering Business) (5.2) Profitability +6.4 Steeri
Slide 7: Industrial Machinery Business
Industrial Machinery Business FY2025 Q3 YTD Result: Sales up +2.4% excluding forex impact. Continued gradual recovery. ・ Industrial Bearings: Increased mainly in machine tools in China. ・ Precision Products: Increased sales in China for machine tools and the Americas for semiconductor manufacturing
Slide 8: Automotive Business
Automotive Business FY2025 Q3 YTD Result: Sales and profits up YoY. Sales up +1.6% excluding forex impact. ・ Successful sales expansion in China and the Americas contributed to year-on-year growth. Sales declined in Europe. ・ Recorded one-time expenses: FY2025 Q1: ¥0.1 bn (unrelated to structural re
Slide 9: FY2025 Q3 Sales by Customer Region
FY2025 Q3 Sales by Customer Region (Excl. Steering Business) Japan: Industrial flat, Automotive sales declined Americas: Robust demand continues (Billions of yen) Europe: Industrial and Automotive sales decreased ■■Industrial Machinery China: Sales increased through sales expansion and economic stim
Slide 10: Consolidated Business Forecast for the Year Ending March 31, 2026
Consolidated Business Forecast for the Year Ending March 31, 2026 Copyright NSK Ltd. All Rights Reserved.
Slide 11: Business Environment Outlook for Full Year Forecast
Business Environment Outlook for Full Year Forecast ✓ Yen has depreciated beyond November 2025 forex assumption. ✓ Business environment largely as expected, but outlook remains uncertain due to global supply chain risk for rare earth metals and semiconductors. ✓ Structural reforms and US tariffs pol
Slide 12: Consolidated Business Forecast for the Year Ending March 31, 2026 (FY2025)
Consolidated Business Forecast for the Year Ending March 31, 2026 (FY2025) ✓ Revised forecast upward reflecting Q3 results and current business environment. ✓ Profitability increase YoY through structural improvements and Steering Business acquisition. Steering Business revised forecast: Sales ¥97.0
Slide 13: Operating Income: Factors Behind Change (FY2024 Result ⇒ FY2025 Forecast)
Operating Income: Factors Behind Change (FY2024 Result ⇒ FY2025 Full Year Forecast) ✓ +¥7.0 bn upward revision from November forecast. (In addition to the +¥8 bn upward revision made in the Nov. forecast) ・Forex impact: +¥6.0 bn ・Steering business: +¥1.5 bn ・Volume/Mix: -¥1.5 bn ・Profitability impro
Slide 14: Breakdown by Segment – Consolidated Business Forecast for FY2025
Breakdown by Segment – Consolidated Business Forecast for FY2025 Trend in Major Sectors (NSK forecast) Industrial Machinery Business FY2025 H1 FY2025 H2 FY2025 FY2025 vs FY2024 H2 vs FY2025 H1 Full year Full year FY2025 FY2025 forecast Revised Increase/ Decrease Difference H1 H2 Aftermarket ↓ → (Bil
Slide 15: Approach to Next Mid-Term Plan
Approach to Next Mid-Term Plan ✓ A new three-year mid-term management plan with a view toward 2036 ✓ In MTP2026, our strategy assumed a market growth scenario after COVID, but growth slowed. Achieved a level of results in addressing vehicle electrification and expanding sales of new products, but fi
Slide 16: (Supplementary Information)
(Supplementary Information) Copyright NSK Ltd. All Rights Reserved.
Slide 17: Financial Results by Business Segment (FY2025 Q3)
Supplementary Information : Financial Results by Business Segment (FY2025 Q3) *Equity method investment gains/losses related to the Steering business for FY2024 and FY2025 through August have been reclassified and presented under the Steering Business segment. FY2024 FY2025 YOY FY2025 Q3 Full Q3 Inc
Slide 18: Sales by Customer Location
Supplementary Information: Sales by Customer Location FY2024 FY2025 YOY Increase/ (Billions of yen) Q1 Q2 Q3 Q3 YTD Q4 Full year Q1 Q2 Q3 Q3 YTD Difference Decrease Sales 200.5 197.1 199.3 596.9 199.7 796.7 195.8 216.5 246.2 658.5 +61.5 +10.3% Japan 64.1 65.8 66.3 196.2 65.1 261.3 62.5 68.9 77.7 209
Slide 19: Consolidated Balance Sheet
Supplementary Information: Consolidated Balance Sheet End of End of Ex. Rate FY2024 FY2025 Q3 Due in part to the consolidation of the Steering Business as a 1USD 149.5 156.5 subsidiary on September 1, 2025, assets and liabilities have 1EUR 162.0 184.3 increased from the previous fiscal year-end bala
Slide 20: Inventories/ Interest-Bearing Debt
Supplementary Information: Inventories/ Interest-Bearing Dept End of End of Ex. Rate FY2024 FY2025 Q3 Due in part to the consolidation of the Steering Business as a 1USD 149.5 156.5 subsidiary on September 1, 2025, assets, inventory, and interest- 1EUR 162.0 184.3 bearing debt have increased from th
Slide 21: Capital Expenditures, Depreciation and Amortization, R&D Expenses
Supplementary Information : Capital Expenditures, Depreciation and Amortization, R&D Expenses Due to the consolidation of the Steering Business as a subsidiary on September 1, 2025, we are revising our full-year forecasts for capital expenditures and other items. FY2024 FY2025 FY2025 Revised Full ye
Slide 22: 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