Slide 1: Consolidated Business Results for the Third Quarter Ended December 31, 2015
CONSOLIDATED BUSINESS RESULTS FOR THE THIRD QUARTER ENDED DECEMBER 31, 2015 February 1, 2016 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 Consolidated Business Results for FY2015: 3Q
Summary of Consolidated Business Results for FY2015: 3Q Business Results for FY2015: 3Q ✓Consolidated Business Results for FY2015: 3Q (From (From 3Q(Oct. – Dec.) FY2014:3Q) 3Q YTD(Apr. – Dec.) FY2014: 3Q YTD) (-¥ 1.8 billion (+¥ 23.6 billion Net Sales : ¥ 245.7 billion / -0.7%) ¥ 735.5 billion / +3.
Slide 3: Summary of Consolidated Business Results for FY2015: 3Q
Summary of Consolidated Business Results for FY2015: 3Q (Billions of yen) FY2014 FY2015 Increase/ Increase/ Full year 3Q Apr-Dec Full year 3Q Decrease % Apr-Dec Decrease % <Oct. 27 <Actual> <Actual> <Actual> <Actual> Change <Actual> Change YOY YOY FCST> Net sales 247.5 711.9 974.9 245.7 -1.8 -0.7% 7
Slide 4: Quarterly Business Performance
Quarterly Business Performance (Billions of yen) Net sales 300 263.0 247.5 251.2 238.5 245.7 229.3 235.1 200 100 0 FY2014 1Q 2Q 3Q 4Q FY2015 1Q 2Q 3Q Operating income Ordinary income (Billions of yen) Net income attributable to Operating income margin shareholders of the parent 40 10.6% 11.5% 10.4%
Slide 5: Results by Business Segment
Results by Business Segment (Billions of yen) FY2014 FY2015 Increase/ Increase/ Full Year 3Q Apr-Dec Full year 3Q % Apr-Dec % Decrease Decrease <Oct. 27 <Actual> <Actual> <Actual> <Actual> Change <Actual> Change YOY YOY FCST> Total Net sales 247.5 711.9 974.9 245.7 -1.8 -0.7% 735.5 +23.6 +3.3% 980.0
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) 15 16.0% 100 Precision machinery and parts 13.4% 12.3% 90 Industrial machinery bearings 11.4% 10.5% 11.5% 11.8 8.3% 80 73.5 70.4 70.3 9.4 70 65.7 66.8 66.3 10 11.8 61.8 1
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) Automotive bearings Automotive parts 25 11.1% 10.6% 10.3% 11.9% 200 10.1% 9.0% 9.1% 176.8 173.5 177.9 21.1 168.4 165.4 154.6 157.2 20 18.7 18.8 17.8 150 16.7 94.7 95.0 97.4 15 13.9
Slide 8: Results by Customer Location
Results by Customer Location (Billions of yen) FY2014 FY2015 Increase/ Increase/ Full year 3Q Apr-Dec Full year 3Q Decrease % Apr-Dec Decrease % <Oct. 27 <Actual> <Actual> <Actual> <Actual> Change <Actual> Change YOY YOY FCST> Net sales 247.5 711.9 974.9 245.7 -1.8 -0.7% 735.5 +23.6 +3.3% 980.0 Japa
Slide 9: Results by Customer Location
Results by Customer Location Net sales by customer location: Quarterly business performance (Billions of yen) 300 Japan The Americas Europe China Other Asia 263.0 247.5 251.2 245.7 250 235.1 238.5 229.3 36.7 35.3 35.2 33.6 33.4 35.3 31.8 200 60.5 53.3 54.7 54.8 47.1 49.4 46.7 150 36.3 34.2 32.8 30.8
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet Assets Liabilities / Net assets Non-current assets Current assets Net assets Non-current liabilities Current liabilities Ratio of net worth to total capital Change from Change from (Billions of yen) (Billions of yen) 4Q FY2014 4Q FY2014 1,129.2 1,117.0 -12.2 1,102.2 1,129.
Slide 11: 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) 7.1 7.0 6.9 6.5 0.36 0.31 0.26 (Billions of yen) 0.21 (Billions of yen) 345.8 159.9 326.4 314.9 310.9 142.2 68.8 140.2 139.4 64.6 60.0 57.4 105.3 90.1 90.1 8
Slide 12: Capital Expenditure / Depreciation
Capital Expenditure / Depreciation Capital expenditure Japan 16.0 (Billions of yen) Japan 8.8 The Americas 6.1 Japan 14.1 The Americas 3.3 Europe 4.7 The Americas 2.2 Plan 60 Europe 3.0 Asia 20.1 Europe 2.2 Asia 12.5 Asia 11.4 51.0 50 46.9 Japan 3.4 Japan 4.8 40 The Americas 1.1 The Americas 0.7 3Q
Slide 13: (Supplementary Information) Results by Geographical Segment
(Supplementary Information) Results by Geographical Segment (Billions of yen) FY2014 FY2015 Increase/ Increase/ Full year 3Q Apr-Dec Full year 3Q Decrease % Apr-Dec Decrease % <Oct. 27 <Actual> <Actual> <Actual> <Actual> Change <Actual> Change YOY YOY FCST> Total Net sales 247.5 711.9 974.9 245.7 -1
Slide 14: (Supplementary Information) R&D Expenses / Number of Employees
(Supplementary Information) R&D Expenses / Number of Employees (Billions of yen) FY2014 FY2015 1Q 2Q 3Q 4Q 1Q 2Q 3Q Full year (Plan) R&D expenses 2.5 2.9 2.6 2.7 2.6 2.9 2.7 11.0 (Head count) FY2014 FY2015 1Q 2Q 3Q 4Q 1Q 2Q 3Q Total: 30,837 31,131 31,299 31,088 31,467 31,162 31,491 Japan 11,277 11,1