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NSK Ltd. (NPSKY)
:NPSKY
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Earnings Data
Report Date
Jan 31, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
0.09Last Year’s EPS
0.11Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: -7.66%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with significant challenges in the industrial machinery sector and revised downward forecasts due to economic slowdowns, particularly in China. However, there were positive developments in the automotive sector, successful strategic initiatives, and maintained shareholder returns. This balance of positive and negative aspects suggests a neutral sentiment.Company Guidance
In the earnings call for NSK Limited, President and CEO Akitoshi Ichii provided a detailed overview of the company's financial performance for the first half of fiscal 2023 and discussed the revised full-year forecast. The company reported first-half sales of JPY 386.7 billion and an operating income of JPY 11.1 billion, but due to a prolonged economic slowdown in China and ongoing weakness in demand for industrial machinery, the full-year sales forecast was revised down to JPY 800 billion with operating income expected at JPY 30 billion. The automotive segment showed signs of recovery, driven by an alleviation in semiconductor shortages, achieving sales of JPY 199.1 billion with a segment income of JPY 5.7 billion. Despite cost reductions of JPY 3.2 billion and a positive currency impact of JPY 3.2 billion, the company faced an overall operating income decline of JPY 8.5 billion from the previous year. Additionally, Ichii highlighted the successful completion of an equity method affiliate for the steering business and maintained a commitment to stable shareholder returns with a full-year dividend of JPY 30 per share. Looking ahead, the company aims to address challenges through structural reforms and expand sales, particularly in the Americas, while continuing to progress towards the Mid-Term Plan 2026 objectives.Automotive Business Recovery
The automotive industry showed signs of recovery with production volume increasing by about 10% year-on-year, driven by a resolution of the semiconductor shortage. Sales reached JPY 199.1 billion, showing alignment with increased automotive production.
Successful Establishment of Steering Business Joint Venture
The establishment of an equity method affiliate for the steering business was successfully completed in August.
Shareholder Returns
The company maintained its initial plan to pay an interim dividend of JPY 15 per share and completed the buyback and cancellation of 51 million treasury shares.
Progress in Automotive Business Strategy
The automotive business exceeded the midterm plan target for fiscal 2026 with sales projected at JPY 414 billion, attributed to strategies like increasing electric vehicle market share and expanding new product sales.
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NPSKY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NPSKY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $9.14 | $9.21 | +0.77% |
| Jul 29, 2024 | $10.12 | $10.22 | +0.99% |
| May 09, 2024 | $11.14 | $11.17 | +0.27% |
| Feb 02, 2024 | $11.00 | $11.03 | +0.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NSK Ltd. (NPSKY) report earnings?
NSK Ltd. (NPSKY) is schdueled to report earning on Jan 31, 2025, TBA Not Confirmed.
What is NSK Ltd. (NPSKY) earnings time?
NSK Ltd. (NPSKY) earnings time is at Jan 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NPSKY EPS forecast?
NPSKY EPS forecast for the fiscal quarter 2024 (Q3) is 0.09.
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