Nsk Ltd. · TSE:6471
Nsk — Q1 FY2008 Earnings Presentation
17 slides from Nsk's earnings presentation, Jul 30, 2008
Slide 1: Consolidated Business Results for the First Quarter Ended June 30, 2008
CONSOLIDATED BUSINESS RESULTS FOR FOR THE THE FIRST FIRST QUARTER QUARTER ENDED ENDED JUNE JUNE 30, 30, 2008 2008 July, 30 2008 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 n
Slide 2: Summary of the Consolidated Business Results for FY 2008:Q1
Summary of the Consolidated Business Results for FY 2008:Q1 Business results Industrial machinery bearings : Demand from the machine tool and industrial machinery sectors was firm. Automotive products segment : Sales were stagnant in the US. In Japan, favorable sales of exports offset inactive domes
Slide 3: Summary of Consolidated Business Results for FY 2008:Q1
Summary of Consolidated Business Results for FY 2008:Q1 ¥100 Million FY 2007 FY 2008 Q1 1st half Full year Q1 Increase 1st half Full year /decrease Actual Actual Actual Actual YOY % (Forecast) (Forecast) Sales 1,829 3,693 7,720 1,915 +86 +4.7% 3,800 8,000 Operating 148 316 693 153 +5 +3.2% 315 710 i
Slide 4: Quarterly Business Performance
Quarterly Business Performance Sales Operating Ordinary Net income Operating income income income margin 9.6% 9.0% 9.2% 8.1% 8.0% ¥100 Million ¥100 Million 2,500 350 1,987 2,040 1,829 1,864 1,915 300 2,000 250 1,500 183 183 194 168 172 200 148 144 150 153 162 127 150 1,000 122 88 89 96 100 500 50 0
Slide 5: Results by Business Segment
Results by Business Segment FY 2007 FY 2008 ¥100 Million Increase/ Q1 1st half Full year Q1 1st half Full year decrease % Actual Actual Actual Actual YOY (Forecast) (Forecast) Sales Sales 1,829 3,693 7,720 1,915 +86 +4.7% 3,800 8,000 Operating income 148 316 693 153 +5 +3.2% 315 710 % 8.1% 8.5% 9.0%
Slide 6: Results by Business Segment: Industrial Machinery Bearings
Results by Business Segment Industrial Machinery Bearings Left Sales Industrial machinery bearings Right Operating income Quarterly business performance Margin ¥100 Million 14.1% 14.5% 14.4% ¥100 Million 13.5% 800 12.9% 200 616 627 607 600 566 582 150 400 90 90 82 100 Sales 73 82 Operating 200 incom
Slide 7: Results by Business Segment: Automotive Products
Results by Business segment - Automotive Products - Automotive products Left Sales Right Operating income Quarterly business performance Margin 7.2% 7.4% 7.3% ¥100 Million ¥100 Million 1,500 6.1% 5.7% 200 1,200 1,133 1,133 1,080 1,032 1,059 150 900 Sales 76 84 84 100 600 63 61 Operating income 50 30
Slide 8: Results by Business Segment: Precision Machinery and Parts
Results by Business Segment Precision Machinery and Parts Left Sales Precision machinery & parts Right Operating income Quarterly business performance Margin ¥100 Million 14.3% ¥100 Million 300 13.0% 100 11.8% 11.1% 9.4% 80 201 200 164 163 60 154 149 Sales 40 100 28 18 20 20 14 20 Operating income 0
Slide 9: Results by Geographical Segment
Results by Geographical Segment ¥100 Million FY 2007 FY 2008 Increase/ 1st half Full year Q1 1st half Full year Q1 decrease % Forecast Forecast Actual Actual Actual Actual YOY Total Sales 1,829 3,693 7,720 1,915 +86 +4.7% 3,800 8,000 Operating income 148 316 693 153 +5 +3.2% 315 710 % 8.1% 8.5% 9.0%
Slide 10: Results by Geographical Segment
Results by Geographical Segment Japan The Americas Left Sales Right Operating income Margin Expenses decreased thanks to the completion of transferring production production Operating income decreased by 15.0% YOY due to an increase in steel steel price, lines between two plants in the US. We were a
Slide 11: Results by Customer Location
Results by Customer Location ¥100 Million FY 2007 FY 2008 Increase/ Q1 1st half Full year Q1 1st half Full year decrease % Actual Actual Actual Actual YOY Forecast Forecast Sales 1,829 3,693 7,720 1,915 +86 +4.7% 3,800 8,000 Japan 909 1,857 3,889 955 +46 +5.1% 1,906 3,962 Non-Japan 920 1,836 3,831 9
Slide 12: Business Results by Customer Location
Business Results by Customer Location Net sales by customer location ¥100 Million Quarterly business performance (Comments on YOY basis) Sales to automobile manufacturers in China and sales to industrial industrial machinery customers such as capital expenditures- expenditures-related sectors increa
Slide 13: Consolidated Balance Sheets
Consolidated Balance Sheets Assets Liabilities and net assets Net assets Non- Non-current liabilities Non- Non-current assets Current assets Current liabilities Ratio of net worth to tota ¥100 Million ¥100 Million capital FY2007 End of 2Q End of 4Q FY2008 FY2007 End of 2Q End of 4Q FY2008 12 End of
Slide 14: Inventories and Interest-bearing Debt
Inventories Interest-bearing Debt Inventories Interesting-bearing debt Japan The Americas Europe Asia Inventory turnover Japan Non- Non-Japan Net D/E ratio ¥100 Million ¥100 Million FY2007 End of 2Q End of 4Q FY2008 FY2007 End of 2Q End of 4Q FY2008 End of Q1 End of 1Q End of Q1 End of 1Q 13
Slide 15: Capital Expenditure, Depreciation
Capital Expenditure, Depreciation ¥100 Million Capital Expenditure Japan 308 Americas 38 Japan 293 Americas 27 Europe 77 Europe 37 Asia 97 Asia 93 1Q Japan 55 Full year Japan 45 Americas 5 Americas 7 Europe 11 Europe 10 Plan Asia 35 Asia 16 Excluding intangible assets ¥100 Million Depreciation Japan
Slide 16: Supplementary Information: Research & Development, Employees
Supplementary Information Research & Development, Employees ¥100 Million FY 2007 FY 2008 Full year Q1 Q2 Q3 Q4 Q1 (Plan) Research & 23 27 25 27 25 105 development No. of employees FY 2007 FY 2008 Q1 Q2 Q3 Q4 Q1 Employees 23,661 24,211 24,587 25,069 25,836 Japan 10,623 10,533 10,609 10,695 11,270 The
Slide 17: Supplementary Information: Forecasts by Business Segment
Supplementary Information Forecasts by Business Segment ¥100 Million FY 2007 FY 2008 Increase 1st half 2nd half Full year 1st half 2nd half Full year /decrease Actual Actual Actual Forecast Forecast Forecast YOY Sales 3,693 4,027 7,720 3,800 4,200 8,000 +280 Industrial machinery bearings 1,148 1,243