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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.
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Q3 2026 earnings summary4 Feb, 2026

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.

Detail NS&C acquisition's one-off financial impact
Steering segment operating income, excluding one-offs
Breakdown of key investing cash flow drivers
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Frequently asked questions

NSK Ltd. is a Japanese company specializing in the development and manufacture of motion and control systems. The company provides a wide range of products, including bearings, automotive components, and precision machinery. Its bearings serve various industries such as automotive, industrial machinery, and aerospace. NSK also offers automotive steering systems and driveline components, catering to the automotive sector. Additionally, the company provides precision equipment used in machine tools and semiconductor manufacturing. The company is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange.

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