Slide 1: Consolidated Business Results for the First Quarter Ended June 30, 2014
CONSOLIDATED BUSINESS RESULTS FOR THE FIRST QUARTER ENDED JUNE 30, 2014 July 29, 2014 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 sta
Slide 2: Summary of Consolidated Business Results for FY2014: Q1
Summary of Consolidated Business Results for FY2014: Q1 Business Results for FY2014: 1Q ✓Consolidated Business Results for FY2014: 1Q (Apr.-Jun.) (From FY2013: 1Q) Net Sales: ¥ 229.3 billion ( +¥ 24.3 billion / +11.9% ) Operating Income: ¥ 20.4 billion ( +¥ 7.6 billion / +59.1% ) Net Income: ¥ 14.1
Slide 3: Summary of Consolidated Business Results for FY2014: Q1
Summary of Consolidated Business Results for FY2014: Q1 (Billions of yen) FY2013 FY2014 1Q 1st half Full year 1Q Increase/ % 1st half 1st half Full year Full year Decrease <Jul. 29 <May 9 <Jul. 29 <May 9 <Actual> <Actual> <Actual> <Actual> YOY Change FCST> FCST> FCST> FCST> Net sales 205.0 413.6 871
Slide 4: Quarterly Business Performance
Quarterly Business Performance Net sales (Billions of yen) 250 224.2 234.0 229.3 230.7 205.0 208.6 200 150 100 50 0 FY2013 1Q 2Q 3Q 4Q FY2014 1Q 2Q Jul. 29, FCST Operating income Ordinary income Net income Operating income margin (Billions of yen) 35 10.0% 8.9% 9.0% 30 7.6% 7.1% 6.3% 25 23.3 21.9 20
Slide 5: Results by Business Segment
Results by Business Segment (Billions of yen) FY2013 FY2014 1Q 1st half Full year 1Q Increase/ % 1st half 1st half Full year Full year Decrease <Jul. 29 <May 9 <Jul. 29 <May 9 <Actual> <Actual> <Actual> <Actual> Change YOY FCST> FCST> FCST> FCST> Total Net sales 205.0 413.6 871.7 229.3 +24.3 +11.9%
Slide 6: Results by Business Segment - Industrial Machinery Business
Results by Business Segment ー Industrial Machinery Business Net Sales Operating Income/Margin (Billions of yen) (Billions of yen) 100 12 90 Precision machinery and parts 12.6% 12.1% 10 11.4% 80 9.9% 9.3% 70 65.0 65.7 66.3 8.2 8.0 62.0 8 6.8% 7.5 57.0 59.0 60 10.2 10.2 10.3 8.9 9.7 50 8.5 5.8 5.8 6 4
Slide 7: Results by Business Segment - Automotive Business
Results by Business Segment ー Automotive Business Net Sales Operating Income/Margin (Billions of yen) (Billions of yen) 200 25 Automotive bearings Automotive products 9.9% 180 7.8% 8.1% 9.0% 8.8% 158.1 7.3% 160 148.7 154.6 154.9 141.1 142.7 20 140 15.7 120 84.9 15 13.9 13.6 79.0 81.5 82.0 100 73.0 7
Slide 8: Results by Customer Location
Results by Customer Location (Billions of yen) FY2013 FY2014 Increase/ 1st half 1st half Full year Full year 1Q 1st half Full year 1Q Decrease % <Jul. 29 <May 9 <Jul. 29 <May 9 <Actual> <Actual> <Actual> <Actual> Change FCST> FCST> FCST> FCST> YOY Net sales 205.0 413.6 871.7 229.3 +24.3 +11.9% 460.0
Slide 9: Results by Customer Location
Results by Customer Location Net sales by customer location - quarterly performance (Billions of yen) 300 Japan The Americas Compared to FY2013 4Q Europe Asia Asia: In the automotive business, EPS sales in China 250 234.0 increased steadily. In the industrial machinery business, 229.3 230.7 sales in
Slide 10: Results by Geographical Segment
Results by Geographical Segment (Billions of yen) FY2013 FY2014 Increase/ 1st half 1st half Full year Full year 1Q 1st half Full year 1Q Decrease % <Jul. 29 <May 9 <Jul. 29 <May 9 <Actual> <Actual> <Actual> <Actual> Change FCST> FCST> FCST> FCST> YOY Total Net sales 205.0 413.6 871.7 229.3 +24.3 +11
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet Assets Liabilities / Net assets Net assets Non- Current liabilities Non-current assets Current assets Current liabilities Ratio of net worth to total capital Change from 4Q (Billions of yen) (Billions of yen) Change from 4Q 1,000. 9 997.7 -3.2 1,000.9 997.7 -3.2 929.4 929.
Slide 12: Inventories / Interest-bearing Debt
Inventories Interest-bearing Debt Inventories Interest-bearing debt Japan Non-Japan Inventory turnover 500 Japan Non-Japan Net D/E Ratio 0.7 200 7.5 0.65 （Times） 6.9 6.9 6.7 7 0.6 0.55 6.5 400 0.45 0.41 0.5 (Billions of yen) 6 0.40 0.45 150 0.4 136.0 5.5 0.35 131.7 309.5 315.5 314.2 126.9 5 0.3 300
Slide 13: Capital Expenditure / Depreciation
Capital Expenditure Depreciation Capital Expenditure (Billions of yen) 60 Plan 50 43.2 46.0 40 30 1Q 20 Full year 10 7.1 6.9 * Excluding intangible assets 0 FY2013 FY2014 Depreciation (Billions of yen) 50 Plan 40 32.3 35.0 30 1Q 20 8.1 8.3 Full year 10 0 FY2013 FY2014 * Excluding intangible assets 1
Slide 14: Supplementary Information - R&D Expenses / Number of Employees
Supplementary Information ー R&D Expenses / Number of Employees (Billions of yen) FY2013 FY2014 1Q 2Q 3Q 4Q 1Q Full year (Plan) R&D expenses 2.4 2.5 2.4 2.6 2.5 10.5 (Head count) FY2013 FY2014 1Q 2Q 3Q 4Q 1Q Total: 29,417 30,189 30,283 30,454 30,837 Japan 11,481 11,416 11,297 11,223 11,277 The Americ