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nsk ltd (6471) Details

NSK Ltd. manufactures and sells industrial machinery bearings, automotive products, and precision machinery and parts in Japan, the Americas, Europe, and Asia. The company operates through two segments, Industrial Machinery Business and Automotive Business. Its products include ball bearings; roller bearings; bearing units; super precision bearings; bearings for steel industry, mining and construction, papermaking machines, and pumps and compressors; and bearings for special environments, such as vacuum, corrosive, clean, high-temperature, non-magnetic, and dust-contaminated environments. The company also offers automotive products, which comprise chassis products, such as electric power steerings, steering column and intermediate shafts, and hub unit bearings; power train products, including include engine parts and electrical accessories; and drive train products consisting of automatic and manual transmission, products for motorcycles and all-terrain vehicles, half toroidal CVT POWERTOROS units, and differential gear and propeller shafts. In addition, it provides precision machine components, such as ball screws, linear guides, monocarriers, XY tables, megatorque motors, and spindles; and accessories, including ball screw supports, air bearings, and clean grease, as well as support units for heavy and light loads, machine tools, and small equipment. Further, the company provides maintenance and repair services. It serves agriculture, automotive, electric motor, gearbox, injection molding machine, machine tool, mining and construction, motorcycle, office equipment, papermaking machinery, pump and compressor, railway, semiconductor, steel, and wind turbine industries. NSK Ltd. was founded in 1914 and is headquartered in Tokyo, Japan.

31,088 Employees
Last Reported Date: 06/24/15
Founded in 1914

nsk ltd (6471) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: ¥91.0M
Senior Vice President
Total Annual Compensation: ¥171.0M
Senior Vice President and Deputy Head of Auto...
Total Annual Compensation: ¥141.0M
Vice President
Total Annual Compensation: ¥113.0M
Vice President
Total Annual Compensation: ¥105.0M
Compensation as of Fiscal Year 2015.

nsk ltd (6471) Key Developments

NSK Announces Earnings Results for the First Quarter Ended 30 June 2015

NSK announced earnings results for the first quarter ended 30 June 2015. The company's net income increased by 26.6% year on year (y/y) to JPY 17.8 billion in the first quarter ended 30 June 2015. Sales revenues during the period increased 9.6% y/y to JPY 251.2 billion. Higher sales helped the company to record 27.8% year on year growth in operating income to JPY 26.1 billion during the quarter.

NSK Announces Opening of Second Data Center in Okinawa

NSK Ltd. has announced the opening of a second data center in Okinawa as part of its efforts to build a business continuity plan, or BCP, prepared for disasters that affect IT infrastructure. The NSK Group operates inter-company systems for Japan and the Asian region in its main data center located in the Tokyo capital region. This data center boasts a quake-resistant construction that can withstand the shaking of large-scale earthquakes, with a power supply that makes continued operations possible in the event of a disaster. However, the Great East Japan Earthquake threw public transportation and communications networks into chaos and led to a system of planned outages due to electricity shortages, creating events that exceeded what was anticipated. A future earthquake in the Tokyo capital region or the Tokai, Tonankai or Nankai areas could cause major disruption to public infrastructure. Because such a chaotic situation carries a risk of interfering with operations in the main data center, it became urgent to build a BCP for the in-house systems at NSK. Okinawa was chosen as a backup site because, at 1,500 kilometers away from the main data center, it is unlikely that a simultaneous disaster will occur in this location, and it has the least risk of earthquakes of any area in Japan. Construction began last year, and the backup site began operation this June. In the event of a disaster that results in suspension of operation at the main data center, transferring operation of mission-critical systems to the second data center will make it possible to maintain the supply chain, allowing the company to minimize impact on customers.

NSK Ltd. to Report Q1, 2016 Results on Jul 29, 2015

NSK Ltd. announced that they will report Q1, 2016 results on Jul 29, 2015


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