Nsk Ltd. · TSE:6471
Nsk — Q1 FY2010 Earnings Presentation
16 slides from Nsk's earnings presentation, Aug 3, 2010
Slide 1: Consolidated Business Results for the First Quarter Ended June 30, 2010
CONSOLIDATED BUSINESS RESULTS FOR THE FIRST QUARTER ENDED JUNE 30, 2010 AUGUST, 3 2010 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 FY 2010:Q1
Summary of Consolidated Business Results for FY 2010:Q1 Business Business Results Results for for FY FY 2010:Q1 2010:Q1 ✓Demand from construction machinery, machine tool and general machinery manufacturers, and the aftermarket sector showed a clear upward trend. ✓Demand from semi-conductor and liqui
Slide 3: Summary of Consolidated Business Results for FY 2010:Q1
Summary of Consolidated Business Results for FY 2010:Q1 （¥100 million） 10/3 11/3 Q1 1st half Full year Q1 Increase 1st half Full year /decrease % ＜Actual＞ ＜ Actual ＞ ＜Actual＞ ＜Actual＞ YOY （Forecast） （Forecast） Sales 1,158 2,579 5,876 1,740 +582 +50.2% 3,300 6,650 Operating -45 -39 113 103 +148 - 165
Slide 4: Quarterly Business Performance
Quarterly Business Performance 2500 （100 Million） Sales 2000 1,740 1,740 1,557 1500 1,421 1,158 1000 500 0 10.3 1Q 2Q 3Q 4Q 11.3 1Q （100 Million） 250 Operating income Ordinary income 200 Net income Operating income margin 5.6% 5.9% 150 08/3期1Q 2Q 3Q 3.5% 4Q 09/3期1Q 2Q 98 111 103 90 100 0.4% 73 54 52
Slide 5: Results by Business Segment
Results by Business Segment （¥100 million） 10/3 11/3 Increase/ Q1 1st half Full year Q1 decrease 1st half Full year ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ YOY % （Forecast） （Forecast） Total Sales 1,158 2,579 5,876 1,740 +582 +50.2% 3,300 6,650 Operating income -45 -39 113 103 +148 - 165 380 <%> -3.9% -1
Slide 6: Results by Business Segment - Industrial Machinery Business
Results by Business Segment －Industrial Machinery Business （¥100 Million） Sales （¥100 Million） Operating income/Margin 800 Industrial machinery Precision and machinery bearings and parts 150 700 619 618 600 503 136 127 100 500 484 414 79 6.1% 73 400 4.1% 63 50 38 300 -0.1% 25 483 491 200 411 424 -2.
Slide 7: Results by Business Segment - Automotive Business
Results by Business Segment －Automotive Business （¥100 Million） Sales （¥100 Million） Operating income/Margin 1400 Automotive bearings Automotive components 140 1200 1,064 1,056 120 1,002 6.7% 7.3% 6.9% 1000 890 4.2% 100 800 514 515 78 708 477 80 0.0% 73 421 68 600 338 60 400 37 40 469 526 549 541 20
Slide 8: Results by Geographical Segment
Results by Geographical Segment （¥100 million） 10/3 11/3 Q1 1st half Full year Q1 Increase/ 1st half Full year decrease % ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ YOY （Forecast） （Forecast） Total Sales 1,158 2,579 5,876 1,740 +582 +50.2% 3,300 6,650 Operating income -45 -39 113 103 +148 - 165 380 % -3.9%
Slide 9: Results by Geographical Segment
Results by Geographical Segment Japan Left：Sales Right：Operating income ：Margin The Americas Despite the strong Japanese yen, volume increase and reduction Sales recovery to leading car manufacturers and volume increase of external procurement costs contributed to greatly improved to the industrial
Slide 10: Results by Customer Location
Results by Customer Location （¥100 million） 10/3 11/3 Increase/ Q1 1st half Full year Q1 1st half Full year decrease % ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ YOY （Forecast） （Forecast） Sales 1,158 2,579 5,876 1,740 +582 +50.2% 3,300 6,650 Japan 564 1,268 2,895 851 +287 +51.0% 1,618 3,275 Non-Japan 594 1
Slide 11: Results by Customer Location
Results by Customer Location Net sales by customer location （¥100 million） 2 ,5 0 0 Quarterly business performance J a pa n The A meri ca s Europe Asia (Compared to the same period last year) 2 ,0 0 0 Asia：Sales to machine tool, construction machinery 1,740 1,740 manufacturers in China increased, as
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Assets Liabilities and net assets Non- Non-current assets Current assets Net assets Non- Non-current liabilities （¥100 Million） Current liabilities Ratio of net worth to total capital （¥100 Million） Change from 4Q Change from 4Q 7,896 7,727 7,896 7,727 7,583 -169 7,583 -16
Slide 13: Inventories, Interest-bearing Debt
Inventories, Interest-bearing Debt Inventories Interest-bearing debt Japan The Americas Asia Europe Japan Non- Non-Japan Net D/E ratio Inventory turnover 0.84 （times） 6.6 0.73 5.5 （times） 0.68 4.3 (¥100 Million） (¥100 Million） 3,244 3,049 1,094 1,055 1,048 510 2,892 361 318 207 233 240 213 184 156 1
Slide 14: Capital Expenditure, Depreciation
Capital Expenditure, Depreciation （¥100 Million） Capital Expenditure 700 Japan 165 600 Americas 22 Europe 26 Japan 99 Asia 137 500 Americas 10 Europe 11 Plan 1Q 400 Asia 78 350 Japan 22 Japan 17 Fu ll ye ar 300 Americas 3 Americas ３ Europe 1 198 Europe 3 200 Asia 13 Asia 35 100 39 58 ＊Excluding inta
Slide 15: Supplementary Information - Research & Development, Employees
Supplementary Information ―Research & Development, Employees （¥100 million） 10/3 11/3 Full year 1Q 2Q 3Q 4Q 1Q (Plan) Research & 21 22 21 24 22 90 Development （No. of employees） 10/3 11/3 1Q 2Q 3Q 4Q 1Q Employees 23,823 24,253 24,373 24,633 25,181 Japan 11,491 11,597 11,518 11,429 11,544 The America
Slide 16: Supplementary Information - Forecasts by Business Segment
Supplementary Information ―Forecasts by Business Segment （¥100 million） 10/3 11/3 Increase/ 1st half 2nd half Full year 1st half 2nd half Full year decrease YOY ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Forecast＞ ＜Forecast＞ ＜Forecast＞ Sales 2,579 3,297 5,876 3,300 3,350 6,650 +774 Industrial machinery business 89