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Financial Information:
Annual Report 2004
 |
|
Financial
Highlights |
| NSK Ltd. and Subsidiaries |
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|
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| |
Percent change |
Millions of yen
(Unless otherwise specified) |
Thousands of
U.S. dollars
(Unless otherwise
specified) |
|
| For the years ended March 31 |
2004/2003 |
2004 |
2003 |
2002 |
2001 |
2004 |
|
| For the year: |
|
|
|
|
|
|
| Net sales |
-0.1% |
\522,217 |
\522,820 |
\480,902 |
\533,144 |
$4,926,575 |
| |
Bearings |
3.4% |
332,826 |
321,960 |
302,360 |
318,405 |
3,139,868 |
| Automotive components |
-14.2% |
129,303 |
150,663 |
128,168 |
133,192 |
1,219,840 |
| Precision machinery and parts |
34.9% |
47,072 |
34,898 |
33,974 |
58,018 |
444,075 |
| Others |
-2.5% |
19,479 |
19,980 |
26,928 |
31,710 |
183,764 |
| Eliminations |
- |
(6,463) |
(4,682) |
(10,529) |
(8,182) |
(60,972) |
| Operating income (loss) |
45.5% |
25,972 |
17,847 |
3,947 |
25,841 |
245,019 |
| |
Bearings |
6.5% |
23,571 |
22,142 |
11,285 |
- |
222,368 |
| Automotive components |
0.9% |
4,229 |
4,260 |
383 |
- |
40,557 |
| Precision machinery and parts |
- |
(39) |
(6,290) |
(5,328) |
- |
(368) |
| Others |
4.6% |
1,178 |
1,126 |
1,805 |
- |
11,113 |
| Corporate expenses |
- |
(3,038) |
(3,391) |
(4,198) |
- |
(28,660) |
| Operating income (loss) margin |
- |
5.0% |
3.4% |
0.8% |
4.8% |
|
| |
Bearings |
- |
7.1% |
6.9% |
3.7% |
- |
|
| Automotive components |
- |
3.3% |
2.8% |
0.3% |
- |
|
| Precision machinery and parts |
- |
(0.1)% |
(18.0)% |
(15.7)% |
- |
|
| Others |
- |
6.0% |
5.6% |
6.7% |
- |
|
| Net financial expenses |
- |
(4,634) |
(4,752) |
(5,630) |
(6,872) |
(43,717) |
| Ordinary income (loss) |
76.7% |
19,119 |
10,821 |
(3,164) |
19,068 |
180,368 |
| Net income (loss) |
- |
14,293 |
(2,670) |
(17,696) |
11,425 |
134,840 |
|
| |
|
|
|
|
|
|
| At year-end: |
|
|
|
|
|
|
| Total assets |
4.9% |
621,877 |
593,098 |
642,823 |
680,457 |
5,866,764 |
| Shareholders' equity |
10.6% |
188,662 |
170,566 |
208,179 |
227,383 |
1,779,830 |
| Interest-bearing debts |
-7.9% |
246,548 |
267,779 |
272,358 |
245,757 |
2,325,925 |
| Number of employees (persons) |
- |
19,772 |
20,351 |
22,337 |
23,283 |
186,528 |
| |
|
|
|
|
|
|
| Per share (Yen, U.S.dollars): |
|
|
|
|
|
|
| Net income (loss) |
- |
26.12 |
(5.22) |
(31.79) |
20.35 |
0.246 |
| Shareholders' equity |
- |
349.83 |
316.27 |
378.03 |
405.12 |
3.300 |
| Cash dividends |
- |
6.5 |
5.0 |
5.0 |
6.0 |
0.061 |
| |
|
|
|
|
|
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| Ratios: |
|
|
|
|
|
|
| ROA (%) |
- |
2.4 |
(0.4) |
(2.7) |
1.7 |
|
| ROE (%) |
- |
8.0 |
(1.4) |
(8.1) |
5.5 |
|
| D/E ratio (times) |
- |
1.31 |
1.57 |
1.31 |
1.08 |
|
|
| |
| Note: |
The amounts represented in dollars appearing in this annual
report refer to U.S. currency. Yen amounts have been translated at the rate
of
¥106=U.S. $1.00, the approximate exchange rate on March 31, 2004, solely
for the reader's convenience. |
| |
Net Sales
 |
Operating Income Margin
 |
| |
Net Income (Loss) and Net Income (Loss)
Per Share
 |
Net Financial Expenses and Interest-Bearing
Debts
 |
| |
ROE and ROA
 |
D/E Ratio
 |
|
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