NSK Ltd. Reports Consolidated Financial Earnings Results for the Nine Months Ended December 31, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020; Provides Year-End Dividend Guidance for the Fiscal Year 2020
January 29, 2020
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NSK Ltd. reported consolidated financial earnings results for the nine months ended December 31, 2019. For the period, the company reported operating income of ¥22,780 million, income before tax of ¥22,963 million and net income of ¥16,975 million or ¥31.77 per basic share on net sales of ¥641,620 million against operating income of ¥66,265 million, income before tax of ¥66,294 million and net income of ¥49,180 million or ¥89.65 per basic share on net sales of ¥757,653 million reported for the same period a year ago. Diluted earnings per share was ¥31.69 against ¥89.48 reported a year ago.
For the year ending March 31, 2020, the company expects operating income of ¥32,000 million, income before tax of ¥31,500 million and net income attributable to owners of the company of ¥21,000 million or ¥41.00 per basic share on net sales of ¥860,000 million.
For the year ending March 31, 2020, the company expects to pay year end dividend of ¥20.00 per share.
NSK Ltd. specializes in manufacturing and marketing high precision industrial equipments and components. Net sales break down by family of products as follows:
- automotive equipments (55.8%): transmission systems, steering system, needle bearings, etc.;
- industrial machine bearings (40%). The group also provides precision components and machines;
- other (4.3%).
At the end of March 2022, NSK had 66 production sites worldwide.
Net sales break down geographically as follows: Japan (36.7%), China (21%), Asia (14.9%), the Americas (14.5%) and Europe (12.9%).
NSK Ltd. Reports Consolidated Financial Earnings Results for the Nine Months Ended December 31, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020; Provides Year-End Dividend Guidance for the Fiscal Year 2020