NSK Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2020
November 01, 2020
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NSK Ltd. announced consolidated earnings results for the six months ended September 30, 2020. For the six months, the company announced net sales of JPY 315,892 million against JPY 434,820 million a year ago. Operating loss was JPY 10,636 million against operating income of JPY 15,765 million a year ago. Net loss was JPY 12,386 million or JPY 23.98 per basic share against net income of JPY 12,320 million or JPY 23.07 per basic share a year ago.
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%).