Slide 1: Consolidated Business Results for the First Quarter Ended June 30 2013
CONSOLIDATED BUSINESS RESULTS FOR THE FIRST QUARTER ENDED JUNE 30 2013 July 30, 2013 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 state
Slide 2: Summary of Consolidated Business Results for FY2013: Q1
Summary of Consolidated Business Results for FY2013: Q1 Business Results for FY2013: 1Q 1Q From last 1Q Net Sales ¥ 205.0 billion ( +¥14.9 billion / 7.9% increase ) Operating income ¥ 12.8 billion ( +¥ 7.0 billion / 5.7% increase ) Net Income ¥ 9.4 billion ( +¥2.4 billion / 34.6% increase ) ◎Despite
Slide 3: Summary of Consolidated Business Results for FY2013: 1Q
Summary of Consolidated Business Results for FY 2013:1Q （Billions of yen） ’13/3 ’14/3 Q1 1st half Full year Q1 Increase 1st half Full year /decrease % ＜Actual＞ ＜ Actual ＞ ＜Actual＞ ＜Actual＞ YOY （Forecast） （Forecast） Sales 190.1 369.4 732.8 205.0 +14.9 +7.9% 390.0 790.0 Operating 12.1 18.4 32.4 12.8 +
Slide 4: Quarterly Business Performance
Quarterly Business Performance （Billions of yen） 250 Sales 205.0 190.1 193.4 200 179.3 170.0 150 100 50 0 13/3 1Q 2Q 3Q 4Q 14/3 1Q （Billions of yen） 25 Operating income Ordinary income 6.4% Net income Operating income margin 20 6.3% 5.1% 15 12.1 11.3 12.8 13.6 3.5% 9.9 10 2.4% 8.4 9.4 7.0 6.3 5.7 4.
Slide 5: Results by Business Segment
Results by Business Segment (Billions of yen) ’13/3 ’14/3 Increase/ 1Q 1st half Full year 1Q 1st half Full year decrease % ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ YOY （Forecast） （Forecast） Total 190.1 369.4 732.8 205.0 +14.9 +7.9% 390.0 790.0 Sales Operating income 12.1 18.4 32.4 12.8 +0.7 +5.7% 21.0 49
Slide 6: Results by Business Segment - Industrial Machinery Business
Results by Business Segment －Industrial Machinery Business Sales Operating income/Margin （Billions of yen） （Billions of yen） 15 100 90 Precision machinery and parts Industrial machinery bearings 9.4% 80 70 10 6.8% 6.1% 5.3% 57.1 55.1 57.0 60 54.1 49.8 2.8% 9.5 8.6 7.7 8.5 50 7.2 40 5.4 5 3.9 30 3.4
Slide 7: Results by Business Segment - Automotive Business
Results by Business Segment －Automotive Business Sales Operating income/Margin （Billions of yen） （Billions of yen） Automotive components Automotive bearings 14 160 7.3% 141.1 6.2% 6.3% 140 132.3 12 3.9% 3.7% 126.2 117.6 114.4 10.3 120 10 73.0 8.4 100 68.6 7.8 65.2 8 61.4 58.8 80 6 60 4.5 4.3 4 40 61
Slide 8: Results by Geographical Segment
Results by Geographical Segment （Billions of yen） ’13/3 ’14/3 Increase/ 1Q 1st half Full year 1Q 1st half Full year decrease % ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ YOY （Forecast） （Forecast） Total Sales 190.1 369.4 732.8 205.0 +14.9 +7.9% 390.0 790.0 Operating income 12.1 18.4 32.4 12.8 +0.7 +5.7% 21.
Slide 9: Results by Geographical Segment
Results by Geographical Segment Left: Sales Japan The Americas Right: Operating Income (Billions of yen) (Billions of yen) 160 14 40 3 140 133.9 125.8 123.7 32.9 116.0 116.7 12 29.8 120 30 10 25.7 100 23.0 23.8 2 80 9.7 8 8.9 20 1.2 60 6 1.0 0.7 0.8 1 40 6.5 4 0.5 10 4.7 20 2 3.5 0 0 0 0 13/3 1Q 2Q
Slide 10: Results by Customer Location
Results by Customer Location （Billions of yen） ’13/3 ’14/3 Increase/ 1Q 1st half Full year 1Q 1st half Full year decrease % ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ YOY （Forecast） （Forecast） Sales 190.1 369.4 732.8 205.0 +14.9 +7.9% 390.0 790.0 Japan 91.5 175.7 333.3 80.1 -11.4 -12.5% 159.0 321.0 Non-Jap
Slide 11: Results by Customer Location
Results by Customer Location Net sales by customer location (Billions of yen) Quarterly business performance 250 (Compared to the same period last year) Japan The Americas Europe Asia 205.0 Asia： Sales in the electrical sector of industrial 200 190.1 193.4 machinery business and EPS in automotive bu
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Assets Liabilities and net assets Non-current Ratio of net worth to Non-current assets Current assets Net assets Current liabilities liabilities total capital （Billions of yen） Change （Billions of yen） Change from 4Q 929.4 929.4 from 4Q 882.5 +46.9 882.5 834.7 834.7 +46.9
Slide 13: 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） （Times） 6.6 6.7 0.56 6.2 0.51 0.45 （Billions of yen） 126.9 （Billions of yen） 305.1 309.5 116.1 119.3 294.6 53.1 56.7 47.5 64.0 76.5 73.2 247.1 252.0 252.8 52.1
Slide 14: Capital Expenditure, Depreciation
Capital Expenditure Depreciation （Billions of yen） Capital Expenditure 60 Japan 13.3 50 Americas Europe 4.0 4.7 44.5 Plan Asia 22.5 38.0 40 Japan 1.5 Japan 2.8 30 Americas 0.7 Americas 1.5 1Q Europe 0.5 Europe 1.0 20 Asia 5.2 Asia 3.6 Full year 9.7 7.1 * Excluding intangible assets 10 0 '13/3 '14/3
Slide 15: Supplementary Information - Research & Development, Employees
Supplementary Information ―Research & Development Employees （Billions of yen） ’13/3 ’14/3 Full year 1Q 2Q 3Q 4Q 1Q (Plan) Research & 2.6 2.8 2.5 2.5 2.4 10.5 Development （No. of employees） ’13/3 ’14/3 1Q 2Q 3Q 4Q 1Q Employees 28,007 28,225 28,404 28,487 29,417 Japan 11,445 11,347 11,339 11,220 11,48
Slide 16: Supplementary Information - Forecasts by Business Segment
Supplementary Information ―Forecasts by Business Segment （Billions of yen） ’13/3 ’14/3 Increase/ 1st half 2nd half Full year 1st half 2nd half Full year decrease ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Forecast＞ ＜Forecast＞ ＜Forecast＞ YOY Sales 369.4 363.4 732.8 390.0 400.0 790.0 +57.2 Industrial machinery busin