|
 |
Financial Information:
Annual Report 2003
| Corporate
Philosophy and Corporate Profile |
NSK Ltd. and Subsidiaries
| |
Percent change |
Millions of
yen |
Thousands
of
U.S. dollars |
| For the years
ended March 31 |
2003/2002 |
2003 |
2002 |
2001 |
2000 |
2003 |
| Net sales |
8.7% |
¥522,820 |
¥480,902 |
¥533,144 |
¥486,539 |
$4,356,833 |
| Bearings |
6.5 |
321,960 |
302,360 |
318,405 |
303,239 |
2,683,000 |
| Automotive components |
17.6 |
150,663 |
128,168 |
133,192 |
117,472 |
1,255,525 |
| Precision machinery and parts |
2.7 |
34,898 |
33,974 |
58,018 |
42,831 |
290,817 |
| Others |
-6.7 |
15,297 |
16,398 |
23,529 |
22,997 |
127,475 |
| Gross profit |
17.7 |
102,715 |
87,265 |
104,852 |
92,827 |
855,958 |
| Operating income |
352.1 |
17,847 |
3,947 |
25,841 |
14,701 |
148,725 |
| Operating income margin (%) |
- |
3.4% |
0.8% |
4.8% |
3.0% |
3.4% |
Income (loss) before income
taxes and
minority interests |
- |
¥(2,127) |
¥(10,324) |
¥23,312 |
¥8,599 |
$(17,725) |
| Net income (loss) |
- |
(2,670) |
(17,696) |
11,425 |
2,798 |
(22,250) |
|
| |
| Total assets |
-7.7 |
593,098 |
642,823 |
680,457 |
640,090 |
4,942,483 |
| Shareholders' equity |
-18.1 |
170,566 |
208,179 |
227,383 |
187,307 |
1,421,383 |
| Interest-bearing debts |
-1.7 |
267,779 |
272,358 |
245,757 |
261,316 |
2,231,491 |
| |
| Per share data |
| Net income (loss) (Yen / U.S.
dollars) |
- |
¥(5.22) |
¥(31.79) |
¥20.35 |
¥4.98 |
$(0.044) |
| Cash dividends (Yen / U.S. dollars) |
- |
5.00 |
5.00 |
6.00 |
5.00 |
0.042 |
| |
| ROE (%) |
- |
(1.4) |
(8.1) |
5.5 |
1.5 |
|
| D/E ratio (times) |
- |
1.57 |
1.31 |
1.08 |
1.40 |
|
| |
| Number of employees (persons) |
- |
20,351 |
22,337 |
23,283 |
24,295 |
|
|
| Note:
1. |
The amounts represented
in dollars appearing in this annual report refer to U.S.
currency. Yen amounts have been translated at the rate
of ¥120 = U.S. $1.00, the approximate exchange rate
on March 31, 2003, solely for the reader's convenience. |
| 2. |
Net income (loss) per share for
the year ended March 31, 2003 was computed in accordance
with a new accounting standard which became effective
April 1, 2002. |
 |
|
![Graph (Net Income [Loss] and ROE)](images/image0203.jpg)
