NSK Ltd.'s share price fell approximately 7% from ¥1,122 on 9/7 to ¥1,043.5 on 9/11. Around this period, securities firms' earnings and share price outlooks were reported, and an earnings summary was also released.
The share price fell from a high of ¥1,122 on 9/7 to ¥1,043.5 on 9/11, a decline of approximately 7.0% over 4 trading days. On 9/8, the stock moved sharply, falling 5.48% from the previous day, while trading volume increased to 4,062,600 shares.
A major Japanese securities firm maintained its neutral rating on 9/9 and raised its target price to ¥1,100. On the same day, information was reported that the ordinary profit forecast for the fiscal year ending March 2027 had risen 4.5% from the previous week, reflecting concurrent updates to the earnings assumptions.
NSK Ltd. announced that its first-quarter results for the fiscal year ending March 2027 showed substantial increases in revenue and profit, driven by the consolidation of its steering business and expanding AI-related demand. Revenue rose 30.6% year on year to ¥255.6 billion, operating profit increased 212.3% to ¥15.0 billion, and profit attributable to owners of the parent rose 795.6% to ¥9.7 billion.
Results over the past 12 quarters have been improving, with improvements in profitability and the equity ratio also reported. Future earnings checkpoints include demand growth driven by AI investment and the contribution from the steering business, while risks such as weak demand in Europe and China and responses to tariffs have also been identified.