Slide 1: Consolidated Business Results of the Third Quarter Ended December 31, 2003
CONSOLIDATED BUSINESS RESULTS OF THE THIRD QUARTER ENDED DECEMBER 31, 2003 February 06, 2004 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-look
Slide 2: Summary of the Consolidated Business Results for FY 2003:Q3
Summary of the Consolidated Business Results for FY 2003:Q3 • Strong sales to the domestic automotive, semiconductor and liquid crystal display production sectors. • Return to profitability of the precision machinery business in the third quarter. FY 2003 (¥100 million) 1st quarter 2nd quarter 3rd q
Slide 3: Consolidated net sales – By customer location
Consolidated net sales –By customer location– FY 2003 1st quarter 2nd quarter 3rd quarter <Actual> Full year <Forecast*> <Actual> <Actual> (¥100 million) *Announced: Nov. ‘03 Sales 1,257 1,281 1,297 5,080 Japan 658 666 697 2,710 The Americas 188 198 187 740 Europe 223 218 191 830 Asia 188 199 222 80
Slide 4: Consolidated business results – By geographical segment
Consolidated business results ––By geographical segment–– FY 2003 1st quarter 2nd quarter 3rd quarter <Actual> Full year <Forecast*> <Actual> <Actual> (¥100 million) *Announced: Nov. ‘03 Sales 1,257 1,281 1,297 5,080 Japan 931 937 992 3,823 The Americas 185 194 184 740 Europe 232 228 202 873 Asia 13
Slide 5: Consolidated business results – By business segment
Consolidated business results –By business segment– FY 2003 1st quarter 2nd quarter 3rd quarter <Actual> Full year <Forecast*> <Actual> <Actual> (¥100 million) *Announced: Nov. ‘03 Sales 1,257 1,281 1,297 5,080 Bearings 808 833 820 3,245 Automotive components 318 312 316 1,265 Precision machinery 95
Slide 6: Consolidated balance sheets (Assets)
Consolidated balance sheets (Assets) (¥100 million) (Year ended (1st quarter ended (2nd quarter ended (3rd quarter ended Difference Mar. 31, ‘03) Jun. 30, ‘03) Sep. 30, ‘03) Dec. 31, ‘03) from the FY 2002 FY 2003: Q1 FY 2003: Q2 FY 2003: Q3 period ended Sep. 30, ‘03 Current assets 2,858 2,936 2,829
Slide 7: Consolidated inventories
Consolidated inventories (¥100 million) (Year ended (1st quarter ended (2nd quarter ended (3rd quarter ended Difference Excluding Difference Mar. 31, ‘03) Jun. 30, ‘03) Sep. 30, ‘03) Dec. 31, ‘03) from the effect in local FY 2002 FY 2003: Q1 FY 2003: Q2 FY 2003: Q3 period ended of FOREX, currencies
Slide 8: Consolidated capital expenditures
Consolidated capital expenditures (¥100 million) (Year ended (1st quarter ended (2nd quarter ended (3rd quarter ended Mar. 31, ‘03) Jun. 30, ‘03) Sep. 30, ‘03) Dec. 31, ‘03) FY 2003 FY 2002 FY 2003: Q1 FY 2003: Q2 FY 2003: Q3 Plan Total capital 230 46 62 56 240 expenditures Japan 120 17 38 33 120 <N
Slide 9: Consolidated balance sheets (Liabilities and Shareholders' equity)
Consolidated balance sheets (Liabilities and Shareholders’ equity) (¥100 million) (Year ended (1st quarter ended (2nd quarter ended (3rd quarter ended Difference from Mar. 31, ‘03) Jun. 30, ‘03) Sep. 30, ‘03) Dec. 31, ‘03) the period ended FY 2002 FY 2003: Q1 FY 2003: Q2 FY 2003: Q3 Sep. 30, ’03 Cur
Slide 10: Consolidated interest bearing debts
Consolidated interest bearing debts D/E ratio (times) (¥100 million) 1.57 1.51 1.43 1.31 1.35 1.31 1.08 2,724 2,678 2,648 2,629 2,458 2,499 2,478 556 514 527 561 403 530 Overseas 2,168 2,164 2,121 2,055 2,068 1,969 Japan FY 2000 (Year-end) FY 2001 (Year-end) FY 2002 (Year-end) FYst 2003 (1 quarter)
Slide 11: Consolidated cash flow (FY 2003: Q3)
Consolidated cash flow (FY 2003: Q3) (Excluding the effect of exchange rate fluctuations) （¥100 million） ） (1) Cash flow provided by (2) Cash flow used in (3) Cash flow used in Operating activities +239 Investing activities -146 Financing activities -161 202 Ordinary Depreciation income Source of Fu
Slide 12: Reference
REFERENCE FY 2002 FY 2003 FY 2003 FY 2003 Year end 1st quarter 2nd quarter 3rd quarter (Persons) <Actual> <Actual> <Actual> <Actual> Employees 20,351 19,368 20,052 19,844 Japan 8,336 8,161 8,975 8,862 Parent company 3,619 3,636 3,697 3,675 (Non-consolidated) The Americas 2,996 3,015 3,039 3,030 Euro