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

NSK FY ending Mar 2026 results

About 44% of NSK's sales come from Automotive business, with Industrial machinery business and Steering Systems business making up much of the rest.

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%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +14.4% · profit +36.4%, calculated from disclosed figures.

Operating leverage: 2.52× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +14.4%¥796.7B → ¥911.6B
Gross profit: +10.7%¥172.8B → ¥191.3B
Operating income: +36.4%¥28.5B → ¥38.8B
Net income attributable to owners: +114.8%¥10.6B → ¥22.9B
Operating cash flow: +19.0%¥82.2B → ¥97.8B
Free cash flow: +47.9%¥31.8B → ¥47.1B

Results at a glance

Revenue for the FY ending Mar 2026 was ¥911.6B, up +14.4% from ¥796.7B.
Profit grew faster than sales: operating income rose +36.4% to ¥38.8B, and net income attributable to owners rose +114.8% to ¥22.9B.
Operating cash flow climbed +19.0% to ¥97.8B, and free cash flow reached ¥47.1B.
Even so, the operating margin of 4.3% is still below the company's own target.

What drove the change

NSK bought out the steering company it previously held as an equity-method affiliate, so that business's sales and profit were added partway through the year
In industrial machinery, a slow recovery in capital spending lifted sales to machine tool makers in Japan and China, and to aftermarket and chip equipment customers in the Americas
In automotive, weak demand in Europe was offset by passing tariff costs on to prices

Things to watch

International conflicts and trade or economic security policies could disrupt sourcing and production and squeeze profits
Demand in Europe remains weak, and restructuring there has brought one-off costs
The company also lists major quality problems and reliance on specific suppliers as risks

Annual securities report: Management's discussion and analysis / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual securities report: Business risks / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 NSK sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥79
SG&A: ¥18
Other costs: ¥1
Operating profit: ¥4
Net profit kept: ¥3

Annual margin trends

Gross margin21.0%

Operating margin4.3%

Net margin2.5%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Automotive business¥403.3B
44%
Op. margin 4.3%Industry: Auto Parts
Industrial machinery business¥377.5B
41%
Op. margin 3.3%Industry: Industrial Machinery
Steering Systems business¥100.6B
11%
Op. margin 7.7%Industry: Auto Parts
Other¥30.3B
3%
Op. margin 1.6%

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

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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