NSKNSK Ltd.6471東証プライム機械FY ending Mar 2026, consolidated, IFRS

NSK revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +14.4% from the prior year, operating profit +36.4%.

Five-year trend

Revenue¥911.6B
FY ending Mar 2022: ¥865.2B¥865.2BFY ending Mar 2023: ¥776.8B¥776.8BFY ending Mar 2024: ¥788.9B¥788.9BFY ending Mar 2025: ¥796.7B¥796.7BFY ending Mar 2026: ¥911.6B¥911.6BFY22FY23FY24FY25FY26
Operating income¥38.8B
FY ending Mar 2022: ¥29.4B¥29.4BFY ending Mar 2023: ¥43.8B¥43.8BFY ending Mar 2024: ¥27.4B¥27.4BFY ending Mar 2025: ¥28.5B¥28.5BFY ending Mar 2026: ¥38.8B¥38.8BFY22FY23FY24FY25FY26
Operating margin4.3%
FY ending Mar 2022: 3.4%3.4%FY ending Mar 2023: 5.6%5.6%FY ending Mar 2024: 3.5%3.5%FY ending Mar 2025: 3.6%3.6%FY ending Mar 2026: 4.3%4.3%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin2.5%
Asset turnover0.74×
ROA1.9%
ROA1.9%
Financial leverage1.86×
ROE3.5%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin2.5%
2022: 1.9%1.9%2023: 2.4%2.4%2024: 1.1%1.1%2025: 1.3%1.3%2026: 2.5%2.5%2223242526
Asset turnover0.74×
2022: 0.70×0.70×2023: 0.63×0.63×2024: 0.62×0.62×2025: 0.63×0.63×2026: 0.74×0.74×2223242526
ROA1.9%
2022: 1.3%1.3%2023: 1.5%1.5%2024: 0.7%0.7%2025: 0.8%0.8%2026: 1.9%1.9%2223242526
Financial leverage1.86×
2022: 2.00×2.00×2023: 2.00×2.00×2024: 1.98×1.98×2025: 1.92×1.92×2026: 1.86×1.86×2223242526
ROE3.5%
2022: 2.7%2.7%2023: 3.0%3.0%2024: 1.3%1.3%2025: 1.6%1.6%2026: 3.5%3.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20221.9%0.70×1.3%2.00×2.7%
20232.4%0.63×1.5%2.00×3.0%
20241.1%0.62×0.7%1.98×1.3%
20251.3%0.63×0.8%1.92×1.6%
20262.5%0.74×1.9%1.86×3.5%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue42.0%
2021: 50.7%50.7%2022: 43.8%43.8%2023: 49.6%49.6%2024: 46.3%46.3%2025: 43.3%43.3%2026: 42.0%42.0%212223242526
PPE ÷ total assets30.9%
2021: 32.3%32.3%2022: 30.7%30.7%2023: 31.3%31.3%2024: 28.1%28.1%2025: 28.3%28.3%2026: 30.9%30.9%212223242526
Goodwill ÷ parent equity2.9%
2021: 2.4%2.4%2022: 2.4%2.4%2023: 2.5%2.5%2024: 2.6%2.6%2025: 2.7%2.7%2026: 2.9%2.9%212223242526
Goodwill balance¥19.5B
2021: ¥13.6B¥13.6B2022: ¥14.7B¥14.7B2023: ¥15.5B¥15.5B2024: ¥17.4B¥17.4B2025: ¥17.3B¥17.3B2026: ¥19.5B¥19.5B212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥17.2B
2021: ¥16.8B¥16.8B2022: ¥19.2B¥19.2B2023: ¥19.8B¥19.8B2024: ¥15.6B¥15.6B2025: ¥16.3B¥16.3B2026: ¥17.2B¥17.2B212223242526
R&D / revenue1.9%
2021: 2.2%2.2%2022: 2.2%2.2%2023: 2.6%2.6%2024: 2.0%2.0%2025: 2.0%2.0%2026: 1.9%1.9%212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue865,166776,762788,867796,667911,644
Cost of revenue695,440601,047623,618623,883720,353
Gross profit169,725175,715165,249172,783191,291
SG&A144,724134,631140,921144,661160,886
Operating income29,43043,83627,39128,45738,812
Pretax income29,51643,28226,21025,10038,039
Income tax11,85115,26511,95512,03113,730
Net income attributable to owners16,58718,4128,50210,64722,867
Operating margin3.4%5.6%3.5%3.6%4.3%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 11%
Property, plant and equipment 31%
2%
Other assets 56%

Funding

Other liabilities 44%
Equity 56%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥137.5B¥160.1B¥150.6B¥138.3B¥142.1B
Total assets¥1.23T¥1.23T¥1.3T¥1.22T¥1.24T
Net assets¥637.5B¥634.7B¥678B¥669.2B¥692.1B
Share capital¥67.2B¥67.2B¥67.2B¥67.2B¥67.2B
Property, plant and equipment¥379B¥385.6B¥364.9B¥344.9B¥382.5B
Goodwill¥14.7B¥15.5B¥17.4B¥17.3B¥19.5B
Current assets¥569.9B¥587.7B¥636.6B¥636.7B¥651.8B
Total liabilities¥597.1B¥598.5B¥620.1B¥550.4B¥547.6B
Equity attributable to owners of parent¥617.8B¥616.2B¥660B¥651.5B¥672B
Retained earnings¥410.9B¥415.7B¥375.4B¥375B¥392B
Treasury stock-¥37B-¥36.8B-¥10.4B-¥10.3B-¥9.82B

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第165期(2025/04/01-2026/03/31)

    ID S100YFE32026-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第164期(2024/04/01-2025/03/31)

    ID S100W12Z2025-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第163期(2023/04/01-2024/03/31)

    ID S100TRLE2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第162期(2022/04/01-2023/03/31)

    ID S100R29U2023-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第161期(令和3年4月1日-令和4年3月31日)

    ID S100OEQM2022-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第160期(令和2年4月1日-令和3年3月31日)

    ID S100LLLQ2021-06-25Open

Extracted from XBRL: 45 / Derived from other figures: 1

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