Financial Results Briefing Materials for the First Quarter of the Fiscal Year Ending March 2027 | NTN CORPORATION (6472) timely disclosure

Worth reading

53Recurring

0–100. This measures how worthwhile something is to read, not how good or bad the company is.

Direction

Improvement

Direction inferred from the company’s description.

Scale

132

¥100 million (year-on-year increase in net sales)

Wording

Conditional

How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFirst quarter of the fiscal year ending March 20278 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales2,123 Hundreds of millions of yen

Operating profit83 Hundreds of millions of yen

Ordinary income64 Hundreds of millions of yen

Net income19 Hundreds of millions of yen

Operating profit margin3.9%

Results for the three months of the current quarter

Net Sales

2,123 Hundreds of millions of yen

Operating profit

83 Hundreds of millions of yen

Ordinary income

64 Hundreds of millions of yen

Profit attributable to owners of the parent

19 Hundreds of millions of yen

Full-year earnings forecast

Net Sales

8,100 Hundreds of millions of yen

Operating profit

330 Hundreds of millions of yen

Operating profit margin

4.1%

Ordinary income

210 Hundreds of millions of yen

Extraordinary Gains and Losses

60 Hundreds of millions of yen

Profit attributable to owners of the parent

150 Hundreds of millions of yen

Free cash flow

360 Hundreds of millions of yen

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Lower material costs+¥2.3 billion
Higher material costs and other factors-¥1.0 billion
Selling price levels+¥1.9 billion
Variable costs, selling price pass-through and other factors+¥1.3 billion
Effects of structural reforms+¥1.1 billion
Foreign exchange+¥500 million
Personnel expenses-¥1.4 billion
Expenses, etc.+¥200 million
Volume and other factors-¥1.5 billion
Tariff impact-¥600 million
Selling price pass-through+¥1.1 billion
Cost impact-¥1.7 billion
Volume-¥6.0 billion (revenue factor)

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

¥152.3
AssumptionsUSD/JPY exchange rate
¥177.6
AssumptionsEUR/JPY exchange rate

New initiatives

Due diligence toward business integration with NSK Ltd.
DetailsIn progress based on the basic agreement signed on 12 May 2026
Establishment of a joint holding company
ScheduledTargeted for October 2027

Key KPIsA metric the company considers important as a management benchmark.

Aftermarket revenue396 Hundreds of millions of yen
Year on year against the same period last year+¥4.4 billion
Aftermarket revenue mix19%
Year on year against the same period last yearUp from 18%
Inventory turnover3.5 times
Year on year against the same period last yearUp from 3.4 times
Net interest-bearing debt1,772 Hundreds of millions of yen
Net debt-to-equity ratio0.5 times

Segment results

Bearings and Other
Net Sales900 Hundreds of millions of yen
Year-on-year change in revenue+¥7.0 billion
Operating profit30 Hundreds of millions of yen
Year-on-year operating profit growth+¥700 million
Operating profit margin3.3%
CVJ Axles
Net Sales1,223 Hundreds of millions of yen
Year-on-year change in revenue+¥6.2 billion
Operating profit53 Hundreds of millions of yen
Year-on-year operating profit growth+¥600 million
Operating profit margin4.4%
Japan
Net Sales534 Hundreds of millions of yen
Year on year against the same period last year+¥1.6 billion
Americas
Net Sales691 Hundreds of millions of yen
Year on year against the same period last year+¥4.7 billion
Europe
Net Sales504 Hundreds of millions of yen
Year on year against the same period last year+¥4.1 billion
Asia and Other
Net Sales393 Hundreds of millions of yen
Year on year against the same period last year+¥2.8 billion

Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.

-¥600 million

DetailsTariff impact

Capital expenditures

¥71 100 million actual for the quarter

Annual Dividend

Annual dividend per share¥13

Breakdown

Interim6.5

End of period6.5

Contents of this document
Item	Details
Document type	Presentation materials for financial results
Fiscal Period Covered	First quarter of the fiscal year ending March 2027
Net Sales	2,123 Hundreds of millions of yen
Operating profit	83 Hundreds of millions of yen
Ordinary income	64 Hundreds of millions of yen
Net income	19 Hundreds of millions of yen
Operating profit margin	3.9%
Results for the three months of the current quarter	Net Sales 2,123 Hundreds of millions of yen / Operating profit 83 Hundreds of millions of yen / Ordinary income 64 Hundreds of millions of yen / Profit attributable to owners of the parent 19 Hundreds of millions of yen
Full-year earnings forecast	Net Sales 8,100 Hundreds of millions of yen / Operating profit 330 Hundreds of millions of yen / Operating profit margin 4.1% / Ordinary income 210 Hundreds of millions of yen / Extraordinary Gains and Losses 60 Hundreds of millions of yen / Profit attributable to owners of the parent 150 Hundreds of millions of yen / Free cash flow 360 Hundreds of millions of yen
Segment results	Segment Bearings and Other / Net Sales 900 Hundreds of millions of yen / Year-on-year change in revenue +¥7.0 billion / Operating profit 30 Hundreds of millions of yen / Year-on-year operating profit growth +¥700 million / Operating profit margin 3.3%, Segment CVJ Axles / Net Sales 1,223 Hundreds of millions of yen / Year-on-year change in revenue +¥6.2 billion / Operating profit 53 Hundreds of millions of yen / Year-on-year operating profit growth +¥600 million / Operating profit margin 4.4%, Segment Japan / Net Sales 534 Hundreds of millions of yen / Year on year against the same period last year +¥1.6 billion, Segment Americas / Net Sales 691 Hundreds of millions of yen / Year on year against the same period last year +¥4.7 billion, Segment Europe / Net Sales 504 Hundreds of millions of yen / Year on year against the same period last year +¥4.1 billion, Segment Asia and Other / Net Sales 393 Hundreds of millions of yen / Year on year against the same period last year +¥2.8 billion
Breakdown of Factors Affecting the Change	Factors Lower material costs / Amount +¥2.3 billion, Factors Higher material costs and other factors / Amount -¥1.0 billion, Factors Selling price levels / Amount +¥1.9 billion, Factors Variable costs, selling price pass-through and other factors / Amount +¥1.3 billion, Factors Effects of structural reforms / Amount +¥1.1 billion, Factors Foreign exchange / Amount +¥500 million, Factors Personnel expenses / Amount -¥1.4 billion, Factors Expenses, etc. / Amount +¥200 million, Factors Volume and other factors / Amount -¥1.5 billion, Factors Tariff impact / Amount -¥600 million, Factors Selling price pass-through / Amount +¥1.1 billion, Factors Cost impact / Amount -¥1.7 billion, Factors Volume / Amount -¥6.0 billion (revenue factor)
Key KPIs	Indicator name Aftermarket revenue / Value 396 Hundreds of millions of yen / Year on year against the same period last year +¥4.4 billion, Indicator name Aftermarket revenue mix / Value 19% / Year on year against the same period last year Up from 18%, Indicator name Inventory turnover / Value 3.5 times / Year on year against the same period last year Up from 3.4 times, Indicator name Net interest-bearing debt / Value 1,772 Hundreds of millions of yen / Year on year against the same period last year Not disclosed, Indicator name Net debt-to-equity ratio / Value 0.5 times / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business Outlook	Assumptions USD/JPY exchange rate / Value ¥152.3, Assumptions EUR/JPY exchange rate / Value ¥177.6
Risk amount incorporated into the outlook	Amount -¥600 million / Details Tariff impact
Annual Dividend	Annual dividend per share ¥13 / Breakdown Interim 6.5 / End of period 6.5
Capital expenditures	¥71 100 million (actual for the quarter)
New initiatives	Measures Due diligence toward business integration with NSK Ltd. / Details In progress based on the basic agreement signed on 12 May 2026, Measures Establishment of a joint holding company / Scheduled Targeted for October 2027

Items this document does not state (14)

Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The Bearings and Other segment reported higher revenue due to a gradual recovery in the aftermarket and the weaker yen, while profit increased as a result of improved selling prices and the effects of structural reforms. CVJ Axles reported higher revenue due to foreign exchange effects, despite the impact of weak performance and production cuts at Japanese automakers in China and the completion of mass-production projects in the Americas and Europe. Profit increased as a result of improved selling prices, lower variable costs from procurement reforms and the effects of structural reforms. Consolidated operating profit benefited from lower material costs, selling price levels, the effects of structural reforms and foreign exchange, while personnel expenses, volume and other factors, and tariff impacts weighed on profit.

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