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Annual Report 2006
Cautionary Statements with Respect
to Forward–looking Statements
Statements made in this annual report with respect to plans, strategies and future performance that are not historical facts are forward-looking statements. NSK cautions that a number of factors could cause actual results to differ materially from those discussed in the forward-looking statements.
Note: Throughout this annual report, the years are on a calendar year basis, unless otherwise specified. Likewise, “NSK” and “the Company” refer to NSK Ltd. and its Group companies, unless otherwise specified.
 Financial Highlights Message from the President and CEO New Mid-term Plan Departing for the New DecadeBasic PoliciesBusiness Strategies Review of Operations Industrial Machinery Bearings Automotive Products Precision Machinery and Parts Research and Development Corporate Governance Social and Environmental Activities Management Team  Eleven-year Summary Six-year Segment Information Management’s Discussion and Analysis of Business Results and Financial Position1. Overview2. Analysis of Business Results for the Year Ended March 31, 20063. Business Risks and Other Risk Factors4. Management’s Views on Key Issues and Future PoliciesConsolidated Balance SheetsConsolidated Statements of IncomeConsolidated Statements of Shareholders’ EquityConsolidated Statements of Cash FlowsNotes to Consolidated Financial Statements
Report of Independent AuditorsNSK GroupInformation for Investors |
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