financial conference

Copyright NSK Ltd. All Rights Reserved.

NSK Ltd. November 2021

FINANCIAL CONFERENCE

Cautionary Statements with Respect to Forward-Looking StatementsStatements made in this report with respect to plans, strategies and future performance that are not historical fact are

forward-looking statements. NSK cautions that a number of factors could cause actual results to differ materially from

those discussed in the forward-looking statements.

Note : This document is an English translation of material written initially in Japanese.

The Japanese original should be considered the primary version.

Consolidated Business Results

for Q2 FY2021

Copyright NSK Ltd. All Rights Reserved. 1

1. Consolidated Business Results

for the Six Months Ended September 30, 2021

2. Consolidated Business Forecast

for the Year Ending March 31, 2022

3. Topic: Sustainable Growth and

Environmental Contribution

（Supplementary Information）


Summary of Consolidated Business Results for the Six Months Ended September 30, 2021 (1)

Business Environment●Industrial Machinery Business: Demand remained robust primarily for sectors

such as machine tools and semiconductor manufacturing equipment.

●Automotive Business: The reduction of automotive vehicle production expanded

due to supply shortage of components including semiconductors.

●Costs such as steel prices and ocean freight have increased.

●Further depreciation of the Japanese yen

Summary of Business Results for 1st Half

※

※Segment Income : Operating income before deduction of other operating income and expenses

3


●Both sales and profits in H1 increased YOY due to the recovery

from COVID-19 impact.

●The component supply shortage situation including semiconductors

worsened from Q1 to Q2.


※

4

Summary of Consolidated Business Results for the Six Months Ended September 30, 2021 (2)


+26.6

Increase/Decrease in costs

Increase/Decrease in

externalprocurement

costs

Operating Income: Factors Behind Change

（FY2020 1st half ⇒ FY2021 1st half）

0

FY20201st half

FY20211st half

✔Transfer of increased costs to sales price, etc.

✔Decline in sales price

✔Increase in raw material prices

✔Decrease in external procurement costs

✔Labor costs

✔Depreciation and amortisation,

Equipment

✔Selling, general and administrative

expenses, etc.

(including increase in logistic costs )

-8.0

-1.1

+2.5

-0.9

-1.3

-5.2

+1.8

-1.0

5

（Billions of yen）Volume/ Mix

Increase /Decrease insales price

Effect ofexchange ratefluctuations

Equity method profits / Other

operating expenses


61.2 59.558.6

49.456.3

62.0 66.4 68.1 68.1

10.6 9.9 10.2

9.1

9.2

10.212.6

14.1 15.171.9 69.4 68.8

58.565.5

72.379.0

82.2 83.2

3.7 2.9 2.9

-0.71.0

2.2

5.26.5

7.6

Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

5.1%4.2% 4.2%

-1.2%1.5%

3.1%

6.6%7.9%

9.2%

FY2020

1st half

Actual

FY2021

1st half

Actual

Increase/

Decrease

YOY

Difference

YOY

Sales 124.0 165.3 +41.4 +33.4%

Industrial

Machinery

Bearings105.7 136.2 +30.5 +28.9%

Precision

Machinery

and Parts18.3 29.2 +10.9 +59.4%

Segment

income0.3 14.2 +13.9 ー

（%） (0.2%) (8.6%)

(Ex. rate: 1USD=) 106.9 109.8 +2.9 +2.7%

( 〃　1EUR=) 121.3 130.9 +9.6 +7.9%

( 　〃 1CNY=) 15.3 17.0 +1.7 +11.3%

Industrial Machinery Business

●Both sales and profits remained strong.

Segment income ratio in Q2 recovered to 9% level.

Machine tools: Orders remained at a high level while demand growth in China

slowed down.

Semiconductors: Robust market demand continued.

Infrastructure: Sales remained around the same level.

1USD 107.4 108.8 109.0 107.6 106.2 104.5 105.9 109.5 110.1

1EUR 119.3 120.3 120.2 118.5 124.1 124.5 127.7 132.0 129.8

1CNY 15.3 15.4 15.6 15.2 15.4 15.8 16.4 17.0 17.0

■Ind BRG ■Precision ■S.I ● S.I (%)

FY2019 FY2020 FY2021

6

(Billions of yen)


66.6 66.3 59.434.4

61.069.8 68.3 64.5 59.9

67.3 65.355.3

31.6

55.9

66.0 62.857.2

52.3

134.0131.6

114.7

66.0

116.9

135.8131.1

121.7112.2

1.8 3.5-0.8

-11.9

-1.2

3.9 5.21.7

-1.4Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

1.3%2.7%

-0.7%

-18.1%

-1.1%

2.9% 4.0%1.4%

-1.3%

FY2020

1st half

Actual

FY2021

1st half

Actual

Increase/

Decrease

YOY

Difference

YOY

Sales 182.8 233.9 +51.1 +27.9%

Automotive

Bearings95.4 124.5 +29.1 +30.5%

Automotive

Components87.5 109.4 +22.0 +25.1%

Segment

income-13.2 0.3 +13.4 －

（%） (-7.2%) (0.1%)

(Ex. rate: 1USD=) 106.9 109.8 +2.9 +2.7%

( 〃　1EUR=) 121.3 130.9 +9.6 +7.9%

( 　〃 1CNY=) 15.3 17.0 +1.7 +11.3%

●Global automotive production volume in 1st half: 35 million（YOY +6%）

●H1 results: Both sales and profits increased YOY as NSK’s sales volume increase

surpassed automotive production volume increase.

Segment income remained positive.

●Q2 results: The reduction of automotive vehicle production expanded

due to the delays in supplies of components including semiconductors.

Sales decreased QOQ and segment income was in the red.

Automotive Business■Auto BRG ■Auto Comp ■S.I ● S.I (%)

FY2019 FY2020 FY2021

1USD 107.4 108.8 109.0 107.6 106.2 104.5 105.9 109.5 110.1

1EUR 119.3 120.3 120.2 118.5 124.1 124.5 127.7 132.0 129.8

1CNY 15.3 15.4 15.6 15.2 15.4 15.8 16.4 17.0 17.0

7

(Billions of yen)


Consolidated Business Forecast

for the Year Ending March 31, 2022 (1)

Business Environment

Revision of Business Forecast Announced May

※


9

● Industry Machinery Business: Robust demand to continue

Automotive Business: Uncertainty remains due to component shortage supply

Global automotive production volumes to fall below past assumptions

●Cost increases exceeded expectations such as steel prices and ocean freight

●Exchange rate: The yen will continue to depreciate

Forecast rate in H2: Set to actual rate in H1

● Full-year dividend remains unchanged at ¥25 per share

(Interim dividend ¥10 per share, end of year dividend ¥15 per share)

(Billions of yen) vs. May Forecast

Sales 860.0 ーー

Segment income 36.0 -8.0 -18.2%（%） (4.2%)

Operating income 44.5 -8.5 -16.0%（%） (5.2%)Income before

income taxes44.0 -8.5 -16.2%

Net income attributable to

owners of the parent30.0 -8.0 -21.1%


FY2020 FY2021

Full year 1st half 2nd half Full year YOY

(Billions of yen) Actual Actual Revised FCST Revised FCST Increase/

Decrease Difference

Sales 747.6 417.8 442.2 860.0 +112.4 +15.0% 860.0

Segment income 4.9 16.5 19.5 36.0 +31.1 +635.9% 44.0

（%） (0.7%) (4.0%) (4.4%) (4.2%) (5.1%)

Operating income 6.4 16.0 28.5 44.5 +38.1 +599.2% 53.0

（%） (0.9%) (3.8%) (6.4%) (5.2%) (6.2%)

Income before

income taxes5.9 15.9 28.1 44.0 +38.1 +647.1% 52.5

Net income attributable to

owners of the parent 0.4 8.0 22.0 30.0 +29.6 ー 38.0

(Ex. rate: 1USD=) 106.1 109.8 110.0 109.9 +3.8 +3.6% 106.0

( 〃 1EUR=) 123.7 130.9 130.0 130.4 +6.7 +5.5% 124.0

( 　〃 1CNY=) 15.7 17.0 17.0 17.0 +1.3 +8.5% 15.7

Full yearMay FCST


for the Year Ending March 31, 2022(2)

10

● Both sales and profits are expected to increase YOY.

Results will be assisted by the deprecation of the Japanese yen.


FY2020 FY2021

(Billions of yen) Full year

Actual

1st half

Actual

2nd half

Revised FCST

Full year

Revised FCST

Increase/

Decrease Difference May FCST

Sales 449.7 233.9 246.1 480.0 +30.3 +6.7% 520.0

Automotive

Bearings233.5 124.5 130.5 255.0 +21.5 +9.2% 275.0

Automotive

Components216.2 109.4 115.6 225.0 +8.8 +4.1% 245.0

Segment

income-4.0 0.3 -0.3 0 +4.0 ー 14.0

（%） (-0.9%) (0.1%) (-0.1%) (0.0%) (2.7%)

YOY

FY2020 FY2021

(Billions of yen) Full year

Actual

1st half

Actual

2nd half

Revised FCST

Full year

Revised FCST

Increase/

Decrease Difference May FCST

Sales 275.2 165.3 174.7 340.0 +64.8 +23.5% 312.0

Industrial

Machinery

Bearings

234.1 136.2 142.3 278.5 +44.4 +19.0% 259.0

Precision

Machinery

and Parts

41.1 29.2 32.3 61.5 +20.4 +49.6% 53.0

Segment

income7.7 14.2 17.8 32.0 +24.3 +315.7% 27.0

（%） (2.8%) (8.6%) (10.2%) (9.4%) (8.7%)

YOY


for the Year Ending March 31, 2022 by Segment

産業機械事業

Automotive

Business

Global automotive production volume:

FY2020 77 million → FY2021 76 million -1％

Sales and profits are expected to exceed the previous year’s results primarily in

machine tools and semiconductor manufacturing equipment.

（May Forecast : 86.5 million ）

11

Industry Machinery

Business


✔Increase in raw material costs

✔Decrease in external

procurement costs

✔Transfer of increasing costs

to selling price, etc.

✔Decline in sales price

FY2021May

Forecast

0FY2020

Full year

Increase/Decrease in

external Procurement

costs

✔Labor costs

✔Depreciation and amortization,

Equipment

✔Selling, general and

administrative expenses, etc.

Equity methodprofits / Other

operatingexpenses

+4.0

+4.0

-7.0

-6.0

-3.0

-1.5

-2.0

12

FY2021RevisedForecast

Effect ofexchange ratefluctuations

✔Increase in raw material

costs

✔Increase in sales price

✔Increase /Decrease in costs

(logistic costs, labor costs etc.）

-6.0

+3.0

-4.5

（Billions of yen）

Operating Income: Factors Behind Change

（FY2020 ⇒ FY2021 Revised Forecast）

Volume/ Mix

Increase /Decrease insales price Increase/

Decrease in costs

Volume/ MixIncrease

/Decreasein costs

Includingmaterial costs

Transfer of land

+46.7 -8.5


Management policy of 2nd Half

for the Year Ending March 2022

✔ Risk and Countermeasures

- Supply Chain Risks

・Resurgence of COVID-19 infections

・Ongoing component shortage including semiconductor

・Power restrictions in China, etc.

13

Industry Machinery Business:

Supply leveraging global plant presence

Automotive business:

Production control in response to trends in automotive production

- Soaring costs such steel prices, ocean freight and raw

resource prices

Reflecting cost increases in sales prices

✔ Carry out capital investment as planed


● Growth of the Industry Machinery Business

Topic: Sustainable Growth and


●Accelerating electrification: Develop new products and secure orders

Secure bearing orders for e-Axles or high-speed

motors from global manufacturers through core

technologies such as low torque and high-speed rotation

Develop super low friction products

to contribute to increasing EV range and

secure orders.

● Develop environmentally friendly products

Develop bioplastic cages

Reorganization of production sites continues to improve production

efficiency and capability of extra-large size bearings for wind

turbines. Increase production capacity of bearings for E&E business

Build new business models in the fields of CMS and actuators

15

Contribute to improvement of power efficiency and safety

through power flow switching device and ball screw for

electric brake boostersPower Flow

Switching Device


(Billions of yen) FY2020 FY2021 YOY FY2021 Revised FCST FY2021H2 -

FY2021 H1

1st half

Actual

Full year

Actual

1st half

Actual

Increase/

Decrease Difference 2nd half Full year

Increase/

Decrease

Total Sales 315.9 747.6 417.8 +101.9 +32.2% 442.2 860.0 +24.5

Segment Income -13.0 4.9 16.5 +29.5 － 19.5 36.0 +2.9

（%） (-4.1%) (0.7%) (4.0%) (4.4%) (4.2%)

Operating Income -10.6 6.4 16.0 +26.6 － 28.5 44.5 +12.5

（%） (-3.4%) (0.9%) (3.8%) (6.4%) (5.2%)

Sales 124.0 275.2 165.3 +41.4 +33.4% 174.7 340.0 +9.3 Industrial Machinery

Bearings105.7 234.1 136.2 +30.5 +28.9% 142.3 278.5 +6.1

Precision Machinery

and Parts18.3 41.1 29.2 +10.9 +59.4% 32.3 61.5 +3.2

Segment Income 0.3 7.7 14.2 +13.9 － 17.8 32.0 +3.7

（%） (0.2%) (2.8%) (8.6%) (10.2%) (9.4%)

Sales 182.8 449.7 233.9 +51.1 +27.9% 246.1 480.0 +12.2 Automotive

Bearings95.4 233.5 124.5 +29.1 +30.5% 130.5 255.0 +6.0

Automotive

Components87.5 216.2 109.4 +22.0 +25.1% 115.6 225.0 +6.1

Segment Income -13.2 -4.0 0.3 +13.4 － -0.3 0 -0.5

（%） (-7.2%) (-0.9%) (0.1%) (-0.1%) (0.0%)

Others Sales 18.1 42.9 29.5 +11.5 +63.5% 33.0 62.5 +3.4

Segment Income -0.2 1.0 2.0 +2.2 － 2.0 4.0 +0.0

（%） (-1.4%) (2.3%) (6.7%) (6.1%) (6.4%)

Eliminations (sales) -9.0 -20.3 -11.0 -2.1 － -11.5 -22.5 -0.4 Other operating income and

expenses /Adjustments 2.5 1.7 -0.4 -2.9 － 8.9 8.5 +9.3

Industrial

Machinery

Business

Automotive

Business

Supplementary Information :

Financial Results by Business Segment

17


(Billions of yen) FY2020

1st half

FY2021

1st half

Increase/

Decrease Difference

Sales 315.9 417.8 +101.9 +32.2%

Japan 112.7 156.8 +44.1 +39.1%

Non-Japan 203.2 261.0 +57.8 +28.4%

(Non-Japan Ratio) (64.3%) (62.5%)

The Americas 46.7 60.4 +13.7 +29.3%

Europe 38.1 53.5 +15.4 +40.3%

China 79.3 85.8 +6.5 +8.2%

Other Asia 39.1 61.3 +22.2 +56.7%

Ex. Rate

1USD 106.9 109.8 +2.9 +2.7%

1EUR 121.3 130.9 +9.6 +7.9%

1CNY 15.3 17.0 +1.7 +11.3%

Supplementary Information :

Sales by Customer Location

18


573.4 596.4

293.8 298.4

300.2 267.8

1,167.5 1,162.6

47.5%49.7%

Supplementary Information:

Consolidated Balance Sheet

633.5 647.2

534.0 515.4

1,167.5 1,162.6

Assets Liabilities / Total equity

-4.8

-18.6

+13.7

-4.8

+4.6

+22.9

-32.4

Ex. RateFY20 End of

Q4

FY21 End of

Q2

1USD 110.7 112.0

1EUR 129.8 129.9

1CNY 16.9 17.3 19

(Billionsof yen)

(Billionsof yen)

Current

assets

Non-Current

assets

FY20 End of Q4 FY21 End of Q2 FY20 End of Q4 FY21 End of Q2

Current

liabilities

Non-Current

liabilities

Total equity

Ratio of equity

attributable to owners

of the parent to total

assets


0.28 0.29 4.9 5.1

263.5 247.4

68.960.2

332.4307.6

61.4 69.1

88.6

109.0

150.0

178.1

Interest-bearing debt

Supplementary Information:

Inventories / Interest-Bearing Debt

(Billions

of yen)

FY20 End of Q4 FY21 End of Q2 FY20 End of Q4

+28.1

+20.5

+7.6

-24.8

-8.8

-16.0

Ex. RateFY20 End of

Q4

FY21 End of

Q2

1USD 110.7 112.0

1EUR 129.8 129.9

1CNY 16.9 17.3 20

Inventories

Inventory

turnover

Non-Japan

Japan

Non-Japan

Japan

FY21 End of Q2

Net D/E ratio(Billions

of yen)


Supplementary Information : Capital Expenditures,

Depreciation and Amortisation, R&D Expenses

FY2020 FY2021

（Billions of yen）Full year

ActQ1 Act Q2 Act

Full year

FCST

Capital Expenditures37.3 5.2 13.6 51.0

Capital Expenditures

(excluding lease） 34.1 4.6 8.9 51.0

Depreciation and

Amortisation 54.5 13.9 14.2 55.0

Depreciation and

Amortisation

(excluding lease）50.0 12.8 13.0 50.5

R&D Expenses

(on a statutory basis) 16.8 4.4 5.0 17.0

(Ref.)

R&D Expenses

(on a managerial basis) 28.6 7.4 7.7 30.0

21


Profitability

Efficiency

Financial

Stability

Shareholder

Returns

Capital

Expenditure

Secure stable profitability

R&D

Operating

Income %

ROE

Net D/E Ratio

Equity Ratio

Payout Ratio

Share buyback

Capital

Expenditure

R&DExpenses

ROE exceeding cost of capital

Maintain an A-level creditranking

Continue stable dividendAcquisition of treasury sharesAgile capital policy

Investments to underpinsustainable growth

Continue developing technologies for further growth

8% or

more

10% or more

0.3 times

50%

30～50%

¥40/per share more

3-year total ¥180.0 billion

vs. Sales

3~4%

Growth

6th MTP Targets (FY2019~FY2021) Industrial Machinery: Achieve sales growth that surpasses market growth

Automotive Brgs: Achieve sales growth that surpasses growth in global vehicle production volume.

Automotive Comps: Secure orders to restart growth in steering business.

Sales/

GrowthRatio

Sales

growth

CAGR 2%

¥ 1 trillion

Progress

3-year total

¥143.2 billion

Supplementary Information

Progress on the 6th Mid-term Management Plan

FY19 FY205th MTP

FY18FY21

May FCST

✔FY18 -> FY21 Demand environment has deteriorated due to the impact of COVID-19. We will undershoot the targets for growth, profitability, and efficiency.

✔Sales -13%, Industry Machinery business -5%, Automotive business -18％ : Bearings -5%, Components -28％(Vehicle production volume -7％)

✔ Maintain an A-level credit ranking even amid COVID-19 pandemic

Maintain an A-level credit ranking even amid COVID-19 pandemic

3.3% 0.1% 10.4% 6.7%

※: Reference figures that reflect the segment change of E&E business

¥991.4 billion

831.0747.6

860.0(-13%)

2.8%0.9%

Operating

Income ratio

Industry

Machinery

business

328.0※

Automotive

business

631.0※

312.0(-5％)

520.0

(-18%)

6.2%

8.0%

Continue stable dividend

Control capital expenditure

in light of business environment

Hover 3% to 4% range


Supplementary Information Initiatives with an eye on the next MTP

Challenges for carbon neutrality Promotion of

digitalization

Recovery and growth

ESG

management

●Year 2026

Offset CO2 emissions

through environmentally

friendly products

●Promote initiatives to

achieve carbon neutrality

・Innovation in materials

and manufacturing methods,

energy saving and emissions

trading

●Contribute to the further development of a green industrial society through the fusion of tribology and digital technology

●“Monozukuri × digital twin”・Provide new value

through R&D・Ultra-stabilization inquality and production

●Launch new products

for environment and

EV

●Increase composition

ratio of industrial

machinery business

●Increase capacity for

E&E business and

reorganization of global

production sites

●EPS: Deepen

cooperation with VW

further

≪Three key management initiatives≫

Enhancement of

managerial resources

A company that keeps society in motion 100 or even 1000 years into the future.

A company that is needed, trusted, and relied upon by society.

Growth with

profitability

Change & Go beyond


Create value for “environment” and “electrification”

Renewable Energy

High power single pinion EPS

Ball screw unit for electric

hydraulic brake systems

New products, new fields

EV ・ Hybrid

Non-Contact Torque SensorTraction reducer

Contributing to small and light-weight ultra-high-speed EV

drive unit

Higher power, downsized,

available for steer-by-wire

・High-speed responsiveness・Integrate ball screw with

support bearing

Cooperation with VW. Joint

development of steering for

MEB platform, VW’s EV, is

completed and awarded.

Production start in 2023

Supplementary Information : NSK’s value creation toward

the realization of a sustainable society

World’s fastest

dmN=over 1.8 million

太陽電池

Bearing for power generator

Bearings for speed-

up gearbox

Wind

Turbines

CMSdevice

Contributing to high durability, high reliability, smaller

and lighter weight

Acquisition of BKV business

Speed-up gearbox Power generator

Wave

Energy(Under

development)

＋

The up-and-down motion of the buoy caused by the waves is converted into rotational motion by ball screws to produce power.

Contributing to high durability, high efficiency in power generation through smooth motion

Largeballscrew

Images provided by Ocean Harvesting Technologies AB

Diameter:

approx.

11 meters

Increase fuel economyby two-speed transmission EV

High speed ball bearing

for EV motors (Gen3)


Suzhou NSK Bearings Co., Ltd

(China)

<Conventional heat treatment furnace>

Heating the entire furnace

Energy-saving measures

in business activities

Increase green electricity usage

Endorsement of TCFD recommendation

Set up a cross-divisional project team.Plan to disclose scenarios by identifying and analyzing risks and opportunities associated

with climate change.

Installed solar and wind power generation equipment at 20

sites around the world

Recognition of our initiatives in D&I*and empowering women, including the

promotion of women to management positions, is reflected in NSK’s selection

as a Nadeshiko Brand* in the second consecutive years.

*D&I：Diversity and Inclusion*Nadeshiko Brand: METI and TSE select listed companies committed

to promoting the advancement and success of women in the workplace as a Nadeshiko brand.

Fully switched to green electricity at 2 plants in Poland and 1 plant in

Germany

Improve the efficiency of heat treatment processes

Added more high-frequency induction heat treatment equipment. Heating only target part made it possible to

significantly reduce energy consumption

NSK Steering Systems Europe

(Polska) SP. Z o.o. (Poland)

<High-frequency induction heat treatment>

Heating the target part only

Social: Human Resources

Certified as outstanding health and productivity management organization and named to the

“White 500” list of the top-performing 500 companies with this certification in the second

consecutive years.

Supplementary Information : NSK’s value creation toward

the realization of a sustainable society


Acquisition of BKV Establishment of E&E DHQ(Brüel & Kjær Vibro) (Electrical & Electrification)

Achieve both “corporate development” and environmental and social contribution

Condition Monitoring (CMS)

Entry into the condition monitoring

system market

Brand reputation,

high-profile customer base

Maximize synergies with NSK business

Bearing for compact motor

Promptly develop technologies

and deploy products

Expand global supply capacity

Strengthen quality and cost competiveness

Grow in 5G/IoT, and electrification areas

FY26 Sales Target :1.5 times (vs FY19)


New initiatives targeting growth


Others

(Billions of yen)

FY2020

Total 747.6

Steel Ball

31%

6%31%

29%

3%

Industrial Machinery

Bearings

Precision Machinery

and Parts

Automotive

Components

Automotive

Bearings

Others

Sales

¥747.6 billion

(FY2020)


FY2020 Sales Breakdown by Business Segment

27


717.2 772.0

647.6 587.6

710.4 733.2 732.8

871.7

974.9 975.3 949.2 1,020.3 991.4

831.0

747.6

62.4 69.3

22.1

11.3

43.5 44.4

32.4

68.0

97.3 94.7

65.3

97.9

79.3

23.6

6.4

0

20

40

60

80

100

120

0

200

400

600

800

1,000

(Billions of yen)

Operating Income %

Operating Income

(Right)Sales (Left)

FY08 FY09FY07 FY10 FY11 FY12 FY13 FY14 FY15 FY16

(Billions of yen)

Embark on new

chapter in evolution

towards next 100 years

FY17 FY19

IFRSJP GAAP

2nd MTP 3rd MTP 4th MTP 5th MTP

FY18

ROE

14.0%

16.1%

1.8%

2.0%

10.3% 10.6%

5.2%

9.2%

15.3% 14.8%

9.9%

13.9%

10.4%

3.3%

0.1%

8.7% 9.0% 3.4%

1.9%6.1% 6.1% 4.4%

7.8% 10.0% 9.7%6.9%

9.6%8.0%

2.8%0.9%

FY20

6th MTP

・Growth Strategies

・Improve Profitability

$ 117 115 101 93 86 79 83 100 110 120 108 111 111 109 106

EURO 150 162 145 131 113 109 107 134 139 133 119 130 128 121 124

Developing Corporate

Fundamentals to Support a

1 trillion Yen Company

・Respond to Paradigm Shifts

・Reorganize Business Structure

Build business base and strengthen resources in preparation for next growth phase

FY06

28


Business Trends – Consolidated Business Trend –


354.5 363.8 333.3 329.1 328.8 318.4 330.5 372.1 367.5 314.3 275.8

85.5 86.3 103.4 134.5 164.8 183.7 165.2155.5 157.6

139.2107.8

102.2 108.0 102.7124.6

133.8 131.8 121.9137.9 130.1

110.1

94.8

82.6 89.1 91.4

167.2210.2 204.4 201.2

212.1 195.0

148.5

166.7

85.7 86.1 102.0

116.3

137.2 137.0 130.4142.8

141.1

118.9

102.5

710.4 733.2 732.8

871.7

974.9 975.3 949.2

1,020.3 991.4

831.0

747.6

50.1% 50.4%

54.5%

62.2%

66.3% 67.4%65.2%

63.5% 62.9% 62.2% 63.1%

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020

Japan The Americas Europe China Other Asia Non-Japan ratio

( Asia)

Japan

50%

China

24%

Europe

14%

Japan

33%

The Americas

19%

Europe14%

The

Americas

12%

(Billions of yen)

China21%

Other Asia14%

Japan

37%

The Americas

14%

Europe13%

China22%

Other Asia14%

29


Business Trends – Sales by Customer Location –


199.9 210.8 183.1 205.7 232.4 201.7 184.3 208.9 210.3 241.8 234.1

59.2 45.0 33.1 37.3

44.0 41.7 42.7

57.4 59.7 42.6 41.1

216.7 220.9 236.5

278.0 306.4 330.7 328.0

350.9 348.9 261.3 233.5

207.4 223.7 254.1

312.5

350.6 374.8 368.3 372.6 340.8

260.5 216.2

27.2 32.8 26.2

38.2

41.5 26.4 26.0 30.5

31.7

24.8

22.6 710.4 733.2 732.8

871.7

974.9 975.3 949.2

1,020.3 991.4

831.0

747.6

60% 61%

67%68%

67%

72% 73%71% 70%

63%60%

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020

Industrial MachineryBearings

Precision Machineryand Parts

AutomotiveBearings

AutomotiveComponents

Others Automotive Business Ratio

(Billions

of yen)

Industrial

machinery

bearings

31%

Precision machinery and parts

6%

Automotive bearings

31%

Automotive components

29%

Others3%

Industrial machinery

bearings 21%


4%

Automotive bearings

34%

Others3%


38%

Industrial machinery

bearings

28%


8%Automotive bearings

31%

Others4%


29%

※1 Part of industrial machinery business operations were transferred to the automotive business in FY2016. Accordingly, figures from FY2015 to FY2018 were based on the changed segments.

※2 Part of automotive business operations were transferred to the industrial machinery business in FY2020. Accordingly, figures for FY2019 have been reclassified to match current segments.

※1 ※2

30


Business Trends – Sales by Business Segment –


NSK contributes to a safer, smoother society and helps protect the global

environment through its innovative technology integrating Motion & Control™.

As a truly international enterprise, we are working across national boundaries

to improve relationships between people throughout the world.

Mission Statement

NSK Vision 2026

SETTING THE FUTURE IN MOTION

We bring motion to life,

to enrich lifestyles,

and to build a brighter future.

Dedicated to uncovering society's needs,

we set ideas in motion,

to deliver solutions beyond imagination.

We're NSK.

And, we're setting the future in motion.

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