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NSK (6471) investor relations material
NSK Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Sales and operating income increased year-over-year for the third quarter and nine months ended December 31, 2025, driven by structural reforms and the consolidation of the Steering Business (NS&C) as a subsidiary.
Profitability initiatives and cost reduction measures contributed to improved margins, with operating income at 91% of the November 2026 plan.
The Steering Business contributed significantly to sales and operating income growth, with one-off impacts including a ¥7,272 million gain on bargain purchase and a ¥4,662 million loss on step acquisition.
Financial highlights
Q3 sales reached ¥658.5bn, up ¥61.5bn (+10.3%) year-over-year; operating income was ¥27.4bn, up ¥11.8bn (+75.2%); net income attributable to owners of the parent rose to ¥13.5bn, up ¥7.9bn (+138.8%).
Excluding one-time expenses, operating income was ¥29.6bn, up ¥7.6bn (+34.6%).
Gross profit increased to ¥138,312 million from ¥127,074 million year-over-year.
Basic earnings per share rose to ¥27.69 from ¥8.04 year-over-year.
Structural reform expenses of ¥4.0bn were recorded, mainly in Europe.
Outlook and guidance
Full-year FY2025 sales forecast revised upward to ¥900.0bn, operating income to ¥37.0bn, and net income to ¥20.0bn; basic earnings per share forecast at ¥40.89.
Dividend plan maintained at ¥34/share, with a stable dividend policy and DOE of 2.5% minimum.
Forex assumption for Q4: ¥150/USD, ¥180/EUR, ¥21/CNY.
Business environment outlook remains uncertain due to global supply chain risks for rare earth metals and semiconductors.
- TimeTickerHeadlineOpen
- GAIN
Record new investments and NAV growth highlight a strong quarter with robust distributions. - GAIN
Record realized gains and income drove higher NAV and strong distributions in FY25. - GAIN
Net investment income reached $9.1M, NAV per share was $12.99, and distributions stayed strong. - EPAC
Directors, auditor, and executive pay were approved with strong shareholder participation. - ARCC
FY 2025 delivered $2.01 core EPS, $1.86/share net income, and a $29.5B portfolio. - GAIN
NAV per share rose to $13.53 on strong portfolio growth and stable adjusted NII. - MATW
Net income $43.6M, sales $284.8M, debt reduced $174M, FY2026 EBITDA guidance $180M. - 443060
Operating profit rose 28.9% in 2025, with strong core business and digital segment growth. - GM
Disciplined transformation, resilient cash flow, and software growth drive a strong outlook. - BTBT
Transitioned to a strategic asset model centered on ETH staking and AI infrastructure growth.
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