Slide 1: FY2026 Q1 Results
FY2026 Q1 Results Consolidated Financial Results for the First Quarter Ended June 30, 2026 This material contains forward-looking statements based on information available at the time of preparation. July 31, 2026 Actual results may differ materially from those projected as a result of various facto
Slide 2: Contents
Contents 1. FY2026 Q1 Results 2. FY2026 Full-year Forecast 3. Initiatives to Enhance Corporate Value over the Medium to Long Term (Supplementary Information) Copyright NSK Ltd. All Rights Reserved.
Slide 3: FY2026 Q1 Results
FY2026 Q1 Results Copyright NSK Ltd. All Rights Reserved.
Slide 4: Performance Highlights
Performance Highlights ✓ Sales and operating income increased YoY. ✓ Weaker yen (+¥15.3bn) and consolidation of the Steering Business on September 1, 2025 (+¥44.3bn) increased revenue. ✓ Operating income was elevated by increased demand for machine tools and semiconductor manufacturing FY2026 equipm
Slide 5: FY2026 Q1 Summary
FY2026 Q1 Summary ✓ Progress in on track, with Q1 operating income of ¥15.0bn against the full-year operating income forecast of ¥42.0bn announced in May 2026. ✓ Profitability improved YoY due to increased sales and operational improvements in the Industrial Machinery Business, as well as the impact
Slide 6: Operating Income: Factors Behind Change (FY2025 Q1 to FY2026 Q1)
Operating Income: Factors Behind Change (FY2025 Q1 ⇒ FY2026 Q1) ✓ In addition to increased sales and operational improvements in the Industrial Machinery Business, (Billions of yen) operating income increased YoY due to the weak yen. (Steering Business) Profitability＋3.0 (1.3) Structural Steering Bu
Slide 7: FY2026 Q1 Results of Industrial Machinery Business
FY2026 Q1 Results of Industrial Machinery Business Result: Sales increased by 7.6% excluding forex impact. • ・ Industrial Bearings: Sales increased in Japan and China, primarily driven by sales in the machine tool sector. • ・ Precision Products: Sales increased in Japan and China, driven by sales in
Slide 8: FY2026 Q1 Results of Automotive Business
FY2026 Q1 Results of Automotive Business Result: Sales decreased by 6.4% excluding forex impact. ・ Sales of bearings declined in Europe and China. ・ Sales promotion in key areas, such as ball screws for electric brakes, progressed steadily. In Q1, operating income increased despite a YoY decline in
Slide 9: FY2026 Q1 Sales by Customer Region (Excl. Steering Business)
FY2026 Q1 Sales by Customer Region (Excl. Steering Business) Japan: Overall sales increased, despite a sales decline in the Automotive Business, driven by sales related to semiconductor production equipment, etc. Americas: Sales remained flat, excluding the effects of forex rates and tariff refunds.
Slide 10: FY2026 Full-year Forecast
FY2026 Full-year Forecast Copyright NSK Ltd. All Rights Reserved.
Slide 11: Business Environment Outlook for Full Year Forecast
Business Environment Outlook for Full Year Forecast Forecast Assumptions Current Status as of Q1 ✓ The yen has remained weaker than the assumed forex rate. Forex rate ✓ USD ¥150、 EUR ¥180、 CNY ¥21 ✓ Currency assumptions for Q2 and beyond: ¥155/USD, ¥180/EUR, and ¥22.5/CNY ✓ Industrial Machinery: Str
Slide 12: FY2026 Forecast
FY2026 Forecast ✓ Based on FY2026 Q1 results, order in take trends, and current forex rates, revised upward the FY2026 forecast announced in May 2026. ✓ The forecast includes costs (¥5.0bn) related to the business integration with NTN Corporation. ✓ Forex rate assumptions for Q2 and beyond: ¥155/USD
Slide 13: Operating Income: Factors Behind Change (Previous Forecast to Revised Forecast)
Operating Income: Factors Behind Change (Previous Forecast ⇒ Revised Forecast) (Billions of yen) (Steering Business) (5.0) (Steering Business) Profitability Volume/ Mix One-time cost (4.0) Effect of forex Steering Business rate fluctuations Structural reform cost FY2026 (Add) -0.5 Business integrati
Slide 14: Operating Income: Factors Behind Change (FY2025 Result to FY2026 Forecast)
Operating Income: Factors Behind Change (FY2025 Result ⇒ FY2026 Forecast) (Billions of yen) Profitability＋5.5 (Steering business) Structure reforms results One-time cost (5.0) Profitability Steering Inflation/ Labor Business Volume/ Mix cost increase (Steering Business) Increase/ (7.7) Effect of for
Slide 15: Breakdown by Segment: Consolidated Business Forecast for FY2026
Breakdown by Segment–Consolidated Business Forecast for FY2026 Trend in Major Sectors (NSK forecast) Industrial Machinery Business FY2026 vs May Forecast FY2026 ↑： Revised from May FY2026 H1 FY2026 H2 Vs FY2025 H2 vs FY2026 H1 Full year Full year Increase/ H1 H2 Forecast as of May. Revised Forecast
Slide 16: Initiatives to Enhance Corporate Value over the Medium to Long Term
Initiatives to Enhance Corporate Value over the Medium to Long Term Copyright NSK Ltd. All Rights Reserved.
Slide 17: FY2026 Q1 Initiatives
FY2026 Q1 Initiatives ✓ Business Integration with NTN Corporation • Due diligence is currently underway based on the MoU (signed on May 12, 2026). The final agreement is scheduled to be signed approximately six months after the signing of the MoU. • Following the Annual General Meeting of Shareholde
Slide 18: Topics - Progress in the Robotics Business
Topics - Progress in the Robotics Business MTP2028 Actuators for Humanoid Robots Healthcare/Services Robotics Business Sales Targets Rotary Actuators “Joints” (Billions of yen) Building a Business Foundation to Achieve Neck ¥10,0bn Sales by FY2036 Elbow 5.0 Shoulder etc. Stretcher Transport Assist D
Slide 19: Topics - Expanding Priority Areas and Initiatives in the Beyond Area
Topics - Expanding Priority Areas and Initiatives in the “Beyond” Area Expanding in Key Areas to Drive Higher Profitability Expanding the “Beyond” Domain as a Future Growth Engine Industrial Machinery Business ✓ Cosmo Eco Power Co., Ltd. demonstrates technology for Sales in Key Sectors Precision AM
Slide 20: Supplementary Information
Supplementary Information Copyright NSK Ltd. All Rights Reserved.
Slide 21: Financial Results by Business Segment
Supplementary Information: Financial Results by Business Segment FY2025 Actual FY2026 YoY FY2026 Forecast Full Actual Full (Billions of yen) Q1 Q2 Q3 Q4 Increase/ Difference H1 H2 Year Q1 Decrease Year Total Sales 195.8 216.5 246.2 253.2 911.6 255.6 +59.9 +30.6% 514.0 526.0 1,040.0 Operating Income
Slide 22: Sales by Customer Location
Supplementary Information: Sales by Customer Location FY2025 Actual FY2026 YOY Actual Increase/ (Billions of yen) Q1 Q2 Q3 Q4 Full year Difference Q1 Decrease Sales 195.8 216.5 246.2 253.2 911.6 255.6 +59.9 +30.6% Japan 62.5 68.9 77.7 77.9 286.9 77.7 +15.2 +24.3% Non-Japan 133.3 147.6 168.5 175.3 62
Slide 23: Inventories/ Interest-Bearing Debt
Supplementary Information: Inventories/ Interest-Bearing Dept End of End of Ex. Rate FY2025 FY2026 Q1 1USD 159.9 162.5 1EUR 183.4 185.4 1CNY 23.1 23.9 Asset Liabilities/ Total equity (Billions of yen) (Billions of yen) +58.0 +58.0 1,297.8 1,297.8 1,239.8 1,239.8 330.5 Current 283.5 ＋47.0 liabilities
Slide 24: Inventories/ Interest-Bearing Debt
Supplementary Information: Inventories/ Interest-Bearing Dept Ex Rate End of End of FY2025 FY2026 Q1 1USD 159.9 162.5 1EUR 183.4 185.4 1CNY 23.1 23.9 Inventories Interest-Bearing Dept (Billions of yen) Inventory turnover (Billions of yen) Net D/E ratio 0.24 0.25 4.8 4.7 216.2 ＋1.9 218.1 +30.0 330.9
Slide 25: Capital Expenditures, Depreciation and Amortization, R&D Expenses
Supplementary Information : Capital Expenditures, Depreciation and Amortization, R&D Expenses FY2025 FY2026 FY2026 Full year Full year (Billions of yen) Q1 Actual Actual Forecast Capital Expenditure 51.9 9.4 60.0 Capital Expenditure (Excl. lease) 47.2 8.8 55.0 Depreciation and 55.1 15.7 63.0 Amortiz