Nsk Ltd. · TSE:6471
Nsk — Q3 FY2018 Earnings Presentation
12 slides from Nsk's earnings presentation, Feb 1, 2019
Slide 1: Consolidated Business Results for the Third Quarter Ended December 31, 2018
CONSOLIDATED BUSINESS RESULTS FOR THE THIRD QUARTER ENDED DECEMBER 31, 2018 February 1, 2019 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 FY2018: Q3
Summary of Consolidated Business Results for FY2018: Q3 Business Results for FY2018: Q3 Q3 Q3 YTD (Oct. –Dec.) (vs. FY2017 Q3) (Apr. – Dec.) (vs. FY2017 Q3 YTD) Net Sales : ¥ 248.1 billion (-¥ 16.3 billion / -6.2%) ¥ 757.7 billion (-¥ 0.0 billion / -0.0%) Operating Income : ¥ 21.3 billion (-¥ 6.6 bi
Slide 3: Summary of Consolidated Business Results for FY2018: Q3
Summary of Consolidated Business Results for FY2018: Q3 FY2017 FY2018 Q3 Apr-Dec Full year Q3 Increase/ Difference Apr-Dec Increase/ Difference Full year <Fcst> Decrease Decrease <Actual> <Actual> <Actual> <Actual> YOY <Actual> YOY (Billions of yen) YOY YOY <Oct.> <Feb.> Net sales 264.3 757.7 1,020.
Slide 4: Sales & Operating Income Results by Business Segment
Sales & Operating Income Results by Business Segment FY2017 FY2018 Increase/ Increase/ Full year <Fcst> Q3 Apr-Dec Full year Q3 Difference Apr-Dec Difference Decrease Decrease <Actual> <Actual> <Actual> <Actual> YOY <Actual> YOY (Billions of yen) YOY YOY <Oct.> <Feb.> Total Net sales 264.3 757.7 1,0
Slide 5: Business Trend: Industrial Machinery Business
Business Trend: Industrial Machinery Business Ind BRG Precision O.I O.I (%) (Forecast) 14.2% 11.8% 12.7% 11.9% 12.1% 12.0% 8.8% 7.3% 68.5 70.8 69.3 68.2 64.3 66.6 62.6 63.0 14.9 15.6 15.9 14.7 13.6 15.3 12.1 13.2 10.0 49.3 50.7 53.6 8.1 55.2 53.4 8.8 51.3 7.9 53.5 8.2 50.9 7.5 5.5 4.7 FY17 FY18 Q1 Q
Slide 6: Business Trend: Automotive Business
Business Trend: Automotive Business Auto BRG Auto Comp O.I O.I (%) 9.9% 9.9% 8.8% 8.3% (Forecast) 7.9% 6.6% 6.9% 5.4% 187.8 183.6 183.3 174.2 178.0 174.3 171.6 157.8 96.3 94.7 93.8 89.9 91.6 87.2 83.5 74.0 17.2 14.1 18.6 16.1 15.3 84.2 86.3 91.5 88.9 89.4 87.1 11.4 88.2 11.8 83.8 8.5 FY17 FY18 Q1 Q2
Slide 7: Sales Results by Customer Location
Sales Results by Customer Location FY2017 FY2018 Increase/ Increase/ Q3 Apr-Dec Full year Q3 Difference Apr-Dec Difference Full year <Fcst> Decrease Decrease (Billions of yen) <Actual> <Actual> <Actual> <Actual> YOY YOY <Actual> YOY YOY <Oct.> <Feb.> Net sales 264.3 757.7 1,020.3 248.1 -16.3 -6.2% 7
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet Assets Liabilities / Total equity Non-Current assets Current liabilities Current assets Non- Current liabilities Change Total equity Change from Q4 FY17 from Q4 FY17 （Billions of yen） Ratio of net worth to total capital 1,092.3 1,080.7 -11.6 （Billions of yen） 1,092.3 1,080
Slide 9: Inventories/Interest-bearing debt
Inventories/Interest-bearing debt Inventories Interest-bearing debt Japan Non-Japan Inventory turnover Japan Non-Japan Net D/E ratio 7.4 6.6 （Times） 0.29 0.22 （Billions of yen） 161.8 （Billions of yen） 143.1 275.8 250.9 35.7 98.0 36.4 88.3 240.0 214.5 54.8 63.8 FY17 FY18 FY17 FY18 End of Q4 End of Q3
Slide 10: Capital Expenditure/Depreciation and amortisation
Capital Expenditure/Depreciation and amortisation Capital Expenditure （Billions of yen） Japan 39.2 Plan Non-Japan 29.6 85.0 Japan 26.2 68.8 Non-Japan 24.5 Japan 23.4 Non-Japan 18.9 Q3 50.6 42.3 Japan 12.2 Apr-Dec Japan 9.7 Non-Japan 11.4 Non-Japan 8.4 Full Year 23.6 * Including intangible assets 18.
Slide 11: (Supplementary Information) Quarterly Business Performance
(Supplementary Information) Quarterly Business Performance （Billions of yen） Net sales 300 264.3 262.7 249.5 260.7 248.9 248.1 243.8 200 100 0 FY17 Q1 Q2 Q3 Q4 FY18 Q1 Q2 Q3 Operating income Net income attributable to owners of the parent Operating income margin （Billions of yen） 40 9.6% 10.6% 10.4%
Slide 12: (Supplementary Information) R&D Expenses / Number of Employees
(Supplementary Information) R&D Expenses / Number of Employees FY2017 FY2018 Q1 Q2 Q3 Q4 Full year Q1 Q2 Q3 Full year （Billions of yen） <Fcst> R&D Expenses （on a statutory basis） 3.8 4.4 4.5 4.4 17.1 4.4 5.0 4.9 18.0 （Reference） R&D Expenses 6.6 7.1 6.6 7.9 28.2 7.7 8.4 8.0 32.5 （on a managerial bas