|
 |
Business Results
for the Six Months
Ended September 30, 2002
| |
 |
| |
| Summary
of the Interim Business Results for FY 2002 |
| |
| < Prev. page [Index] Next
page > |
 |
[¥100
million] |
(Six
months ended Sep. 30, ‘01)
|
(Six
months ended Mar. 31, ‘02)
|
(Six
months ended Sep. 30, ‘02)
|
Difference
(%) |
FY’01:1st
half
|
FY’01:2nd
half |
FY’02:1st
half |
| Sales |
2,524
|
2,285 |
2,607 |
+83 |
+3.3% |
| Operating
income |
49 |
-10 |
65 |
+16 |
+31.7% |
| Ordinary
income |
20 |
-52 |
32 |
+12 |
+61.6% |
| Profit before
tax |
97 |
-200 |
75 |
-22 |
-22.7% |
| Net income |
37 |
-214 |
8 |
-29 |
-76.8% |
| (Rate:
US$ 1 = ) |
(¥119.97) |
(¥123.02) |
(¥129.67) |
|
|
| (Rate:
STG£ 1 = ) |
(¥172.92) |
(¥177.63) |
(¥187.30) |
|
|
| (Rate:
EURO 1 = ) |
(¥107.33) |
(¥109.93) |
(¥115.98) |
|
|
|
|
Sales for the six months
ended September 30, 2002 totaled 260.7 billion
yen, up 8.3 billion yen or 3.3% from the same
period last year (i.e. 1st half of FY 2001).
Operating income and ordinary income
improved 31.7% and 61.6%, respectively.
Foreign exchange rates for the period
were all stronger against the yen.
In
the 1st half of FY 2001, sales of precision
machinery & parts and bearings for general
industrial use fell sharply. Coupled with
the lowered productivity at our production
sites to reduce inventory, this brought about
operating loss of 1.0 billion yen. Further
negative factors, such as the realization
of losses on devaluation of investment securities
due to the weak stock markets, resulted in
net loss amounting to 21.4 billion yen.
In comparison, the 1st half of FY 2002
saw a recovery in demand, combined with the
positive effects of the 2nd phase of the “NSK
Business Restructuring Program” in Japan
and Europe, we were able to achieve a “V-shaped”
recovery, although still not to sufficient
levels. |
|
|
|
|
|
|
