NSK Ltd.
6471・Prime Market・Machinery
Industrial Machinery Business
NSK's core segment manufacturing and selling bearings and precision machinery products for general industrial applications
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales | ¥377,491 million | ¥361,478 million | ↑ |
| Operating Profit | ¥12,565 million | ¥13,944 million | ↓ |
| Operating Margin | 3.3% | 3.9% | ↓ |
| Capital Expenditures | ¥21,947 million | ¥27,330 million | ↓ |
| Depreciation | ¥25,255 million | ¥25,500 million | — |
Business Details
The Industrial Machinery Business manufactures and sells Ball Bearings, Tapered Roller Bearings, Cylindrical Roller Bearings, and precision bearings for general industrial applications, as well as ball screws, linear guides, XY tables, mega torque motors, Condition Monitoring Systems, and other products. The business targets a wide range of industrial customers including machine tools, semiconductor manufacturing equipment, the aftermarket, electrical/electronic equipment, and railways, and operates globally across Japan, the Americas, Europe, China, ASEAN, and other regions. Capturing demand in the electrification, automation, digitalization, and environmental markets serves as a core pillar of the growth strategy.
Recent Overview
Net sales increased on gradual recovery in capital expenditure demand, but profit declined due to European restructuring costs
In FY2026 (ending March 2026), the Industrial Machinery Business achieved increased sales of ¥377,491 million (up 4.4% year on year), supported by a gradual recovery in capital expenditure demand. By region, Japan saw increased sales driven by higher sales of machine tool applications; the Americas saw increased sales due to growth in aftermarket and semiconductor manufacturing equipment demand as well as the effect of passing tariff costs on to selling prices; and China saw increased sales driven mainly by machine tool applications. On the other hand, sales declined in Europe due to worsening market conditions. Operating profit decreased to ¥12,565 million (down 9.9% year on year), partly due to the impact of one-time costs associated with the restructuring of European operations.
Key Products
Growth Drivers
- Increased capital expenditure demand centered on semiconductor-related fields amid expanding AI demand
- Steady demand trends for aftermarket and semiconductor manufacturing equipment applications in the Americas
- Securing earnings through promotion of tariff cost pass-through to selling prices
- Increased sales in China centered on machine tool applications
- Capturing new demand in the electrification, automation, digitalization, and environmental markets
- Promoting the development and market launch of high-value-added products such as Condition Monitoring Systems
Risks
- Risk of continued deterioration in market conditions and sluggish demand in Europe
- Risk of global economic slowdown due to US trade policy (additional tariffs)
- Geopolitical risks and foreign exchange rate fluctuation risk
- Uncertainty over the outlook for the Chinese economy (real estate market downturn, weak personal consumption)
- Demand uncertainty due to fluctuations in the capital expenditure cycle
- Risk of incurring one-time costs associated with the structural reform of European operations
Last updated: June 22, 2026