Slide 1: Consolidated Business Results for the First Quarter Ended June 30, 2009
CONSOLIDATED BUSINESS RESULTS FOR THE FIRST QUARTER ENDED JUNE 30, 2009 JULY, 30 2009 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: Contents
Contents ■ Consolidated Business Results P2～P15 for FY 2009:Q1 ■ Topics Acceleration of Restructuring P18 Global Production Sites Establishment of Precision Machinery P19 and Parts Subsidiary in China (Supplementary Information) 1
Slide 3: Consolidated Business Results for FY 2009:Q1
■ Consolidated Business Results for FY 2009:Q1 2
Slide 4: Summary of Consolidated Business Results for FY 2009:Q1
Summary of Consolidated Business Results for FY 2009:Q1 Business Results for FY2009:Q1 ✓Demand from machine tool and industrial machinery manufacturers decreased compared to FY2008:4Q, due to delayed economic recovery and continued inventory adjustment. ✓Inventory adjustment by automakers progressed
Slide 5: Summary of Consolidated Business Results for FY 2009:Q1
Summary of Consolidated Business Results for FY 2009:Q1 （¥100 Million） 09/3 10/3 Q1 1st half Full year Q1 Increase 1st half Full year /decrease % ＜Actual＞ ＜ Actual ＞ ＜Actual＞ ＜Actual＞ YOY （Forecast） （Forecast） Sales 1,915 3,833 6,476 1,158 -757 -39.5% 2,500 5,500 Operating 153 286 221 -45 -198 - -70
Slide 6: Quarterly Business Performance
Quarterly Business Performance 2500 （100 Million） Sales 2000 1,915 1,918 1,532 1500 1,111 1,158 1000 500 0 09.3 1Q 2Q 3Q 4Q 10.3 1Q （100 Million） 250 8.0% Opertaing income Ordinary income 7.0% Net income Operating income margin 200 153 162 150 08/3期1Q 2Q 127 133 3Q 3.0% 4Q 09/3期1Q 2Q 96 100 81 46 50
Slide 7: Results by Business Segment
Results by Business Segment （¥100 Million） 09/3 10/3 Increase/ Q1 1st half Full year Q1 1st half Full year decrease % ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ YOY （Forecast） （Forecast） Total Sales 1,915 3,833 6,476 1,158 -757 -39.5% 2,500 5,500 Operating income 153 286 221 -45 -198 - -70 30 % 8.0% 7.5% 3
Slide 8: Results by Business Segment - Industrial Machinery Bearings
Results by Business Segment －Industrial Machinery Bearings （¥100 Million） Sales （¥100 Million） Operating income/Margin 800 150 13.5% 13.1% 700 607 610 600 100 9.3% 82 80 500 486 392 400 351 50 45 300 -3.2% -3.0% 200 0 100 -12 -10 0 -50 09/3 1Q 2Q 3Q 4Q 10/3 1Q 09/3 1Q 2Q 3Q 4Q 10/3 1Q ■ Global deman
Slide 9: Results by Business Segment - Automotive Products
Results by Business Segment －Automotive Products （¥100 Million） Sales （¥100 Million） Operating income/Margin 1400 100 1200 80 1,080 1,061 61 60 47 1000 5.7% 40 4.4% 816 800 708 15 20 0.0% 600 568 0 1.8% 0 -20 400 -9.7% -40 200 -60 -55 0 -80 09/3 1Q 2Q 3Q 4Q 10/3 1Q 09/3 1Q 2Q 3Q 4Q 10/3 1Q ■ Invento
Slide 10: Results by Business Segment - Precision Machinery and Parts
Results by Business Segment －Precision Machinery and Parts （¥100 Million） Sales （¥100 Million） Operating income/Margin 200 20 16 14 162 155 10 9.4% 9.7% 149 150 -2.6% 109 0 100 -4 -18.6% -10 63 -29.0% 50 -20 -18 -21 0 -30 09/3 1Q 2Q 3Q 4Q 10/3 1Q 09/3 1Q 2Q 3Q 4Q 10/3 1Q ■ Although increased capital
Slide 11: Results by Geographical Segment
Results by Geographical Segment （¥100 million） 09/3 10/3 Increase/ 1st half Full year Q1 1st half Full year Q1 decrease % （Forecast） （Forecast） ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ YOY Total Sales 1,915 3,833 6,476 1,158 -757 -39.5% 2,500 5,500 Operating income 153 286 221 -45 -198 - -70 30 % 8.0% 7.
Slide 12: Results by Geographical Segment
Results by Geographical Segment Japan Left：Sales Right：Operating income ：Margin The Americas Operating income decreased YOY due to volume reduction and Although operating income decreased by ¥1.3 billion YOY due the appreciation of the Japanese yen, compared to FY2008:Q4, to volume reduction caused
Slide 13: Results by Customer Location
Results by Customer Location （¥100 Million） 09/3 10/3 Increase/ Q1 1st half Full year Q1 1st half Full year decrease % ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Actual＞ YOY （Forecast） （Forecast） Sales 1,915 3,833 6,476 1,158 -757 -39.5% 2,500 5,500 Japan 955 1,929 3,234 564 -391 -41.0% 1,240 2,710 Non-Japan 960 1
Slide 14: Results by Customer Location
Results by Customer Location （¥100 million） Net sales by customer location Quarterly business performance 2,500 Japan The Americas Europe Asia 2,000 1,915 1,918 Asia: Asia: Although sales to automobile and IT- IT-related sectors entered a recovery phase compared to FY2008:Q4, reduced sales of exposu
Slide 15: 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） Ratio of net worth to total capital （¥100 Million） Current liabilities 8,520 Change from 4Q 8,520 Change from 4Q 7,442 7,583 +141 7,583 +141 7,44
Slide 16: Inventories and Interest-bearing Debt
Inventories Interest-bearing Debt Inventories Interesting-bearing debt Japan The Americas Asia Europe Japan Non- Non-Japan Net D/E ratio Inventory turnover 0.85 0.84 （times） 7.1 6.2 （times） 0.55 3,232 3,244 (¥100 Million） 4.3 (¥100 Million） 496 510 2,608 1,138 1,094 1,067 402 199 207 207 232 213 190
Slide 17: Capital Expenditure, Depreciation
Capital Expenditure, Depreciation （¥100 Million） Capital Expenditure 700 Japan 245 600 Americas 22 Europe 35 Asia 117 Japan 115 500 Americas 12 419 Europe 13 1Q 400 Japan 55 Asia 60 Americas 5 Fu ll ye ar 300 Europe 11 Plan Japan ２２ Asia 35 Americas ３ 200 200 Europe １ 106 Asia １３ 100 39 ＊Excluding i
Slide 18: Topics
■ Topics 17
Slide 19: Acceleration of Restructuring: Global Production Sites
Acceleration of Restructuring Global Production Sites Bearings Global：Reduce costs by manufacturing in best location Global： Japan：Enhance manufacturing capability for roller bearings Japan： 【Japan】 Japan】 【Indonesia】 NSK FUKUSHIMA small-sized CO., LTD. bearings NSK Indonesia Roller bearings: Saitam
Slide 20: Establishment of Precision Machinery and Parts Subsidiary in China
Establishment of Precision Machinery and Parts Subsidiary in China Company Profile ● Shengyang ■ Company Name ：Shenyang NSK Precision Co., Ltd. ■ Location：Shenyang City, Liaoning Province, China ■ Capital：$35 million （approximately ¥3.5 billion） ■ Equity investment ratio:NSK(100%) ■Outline of Busine
Slide 21: Supplementary Information - Research & Development, Employees
Supplementary Information ―Research & Development, Employees （¥100 Million） 09/3 10/3 Full year Q1 Q2 Q3 Q4 Q1 (Plan) Research & 25 29 26 27 21 100 development （No. of employees） 09/3 10/3 Q1 Q2 Q3 Q4 Q1 Employees 25,836 26,024 25,406 24,050 23,823 Japan 11,270 11,234 11,242 11,155 11,491 The Americ
Slide 22: Supplementary Information - Forecasts by Business Segment
Supplementary Information ―Forecasts by Business Segment （¥100 Million） 09/3 10/3 Increase/ 1st half 2nd half Full year 1st half 2nd half Full year decrease YOY ＜Actual＞ ＜Actual＞ ＜Actual＞ ＜Forecast＞ ＜Forecast＞ ＜Forecast＞ Sales 3,833 2,643 6,476 2,500 3,000 5,500 -976 Industrial machinery bearings 1,