Financials

NSK: FYE Mar 2026 and ten years of results (42 metrics)

FYE Mar 2026 · Revenue¥912bnYoY +14.4%

FYE Mar 2026 · Operating profit¥39bnYoY +36.4%

FYE Mar 2026 · Net profit¥23bnYoY +114.8%

FYE Mar 2026 · Equity ratio52.6%YoY +0.6pp

FYE Mar 2026 · Group employees26,278YoY +2,221

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Mar 2017Consolidated	¥949bn	n/a	¥65bn	n/a	6.9%	¥46bn	Uchiyama Toshihiro	NSK-Torrington (NSK Needle Bearing) absorbed
FYE Mar 2018Consolidated	¥1.02tn	+7.5%	¥98bn	+49.8%	9.6%	¥69bn	Uchiyama Toshihiro	—
FYE Mar 2019Consolidated	¥991bn	−2.8%	¥79bn	−19.0%	8.0%	¥56bn	Uchiyama Toshihiro	—
FYE Mar 2020Consolidated	¥831bn	−16.2%	¥24bn	−70.2%	2.8%	¥17bn	Uchiyama Toshihiro	Earnings fall away on US-China friction and lower car output
FYE Mar 2021Consolidated	¥748bn	−10.0%	¥6.4bn	−73.0%	0.9%	¥0.4bn	Uchiyama Toshihiro	Operating profit <span class="en-history_money" data-yen="23600000000" data-year="2020">$221M (¥24bn)</span> — a 2.8 per cent margin
FYE Mar 2022Consolidated	¥865bn	+15.7%	¥29bn	+362.4%	3.4%	¥17bn	Uchiyama Toshihiro	Automotive segment loss of <span class="en-history_money" data-yen="-4000000000" data-year="2021">-$36.4M (-¥4bn)</span>; profit for the year <span class="en-history_money" data-yen="350000000" data-year="2021">$3.2M (¥350m)</span>
FYE Mar 2023Consolidated	¥777bn	−10.2%	¥44bn	+49.0%	5.6%	¥18bn	Ichii Akitoshi	Automotive segment loss of <span class="en-history_money" data-yen="-13800000000" data-year="2022">-$105M (-¥14bn)</span>
FYE Mar 2024Consolidated	¥789bn	+1.6%	¥27bn	−37.5%	3.5%	¥8.5bn	Ichii Akitoshi	Steering business split into ADTech, renamed NSK Steering & Control
FYE Mar 2025Consolidated	¥797bn	+1.0%	¥28bn	+3.9%	3.6%	¥11bn	Ichii Akitoshi	—
FYE Mar 2026Consolidated	¥912bn	+14.4%	¥39bn	+36.4%	4.3%	¥23bn	Ichii Akitoshi	—

How it compares

NSK¥912bnFY2025Operating margin 4.3%

NTN¥826bnFY2025Operating margin 3.8%

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn

Cost of sales SG&A Other operating costs Operating profit

Margins

Gross margin Operating margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥912bn

CAGR · 10 yrs −0.4%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Mar 2017	949	n/a	Cons. · IFRS
FYE Mar 2018	1,020	+7.5%	Cons. · IFRS
FYE Mar 2019	991	−2.8%	Cons. · IFRS
FYE Mar 2020	831	−16.2%	Cons. · IFRS
FYE Mar 2021	748	−10.0%	Cons. · IFRS
FYE Mar 2022	865	+15.7%	Cons. · IFRS
FYE Mar 2023	777	−10.2%	Cons. · IFRS
FYE Mar 2024	789	+1.6%	Cons. · IFRS
FYE Mar 2025	797	+1.0%	Cons. · IFRS
FYE Mar 2026	912	+14.4%	Cons. · IFRS

Definition: Everything the company took in from its own business
Formula: Revenue line of the income statement
Source: Securities report (XBRL)

Cost of sales

FYE Mar 2026 ¥720bn

CAGR · 10 yrs −0.3%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Mar 2017	738	n/a	Cons. · IFRS
FYE Mar 2018	788	+6.7%	Cons. · IFRS
FYE Mar 2019	772	−2.1%	Cons. · IFRS
FYE Mar 2020	678	−12.2%	Cons. · IFRS
FYE Mar 2021	621	−8.3%	Cons. · IFRS
FYE Mar 2022	695	+11.9%	Cons. · IFRS
FYE Mar 2023	601	−13.6%	Cons. · IFRS
FYE Mar 2024	624	+3.8%	Cons. · IFRS
FYE Mar 2025	624	−0.0%	Cons. · IFRS
FYE Mar 2026	720	+15.5%	Cons. · IFRS

Definition: The cost of what was sold
Formula: Cost of sales line of the income statement
Source: Securities report (XBRL)

Gross profit

FYE Mar 2026 ¥191bn

CAGR · 10 yrs −1.1%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Mar 2017	211	n/a	Cons. · IFRS
FYE Mar 2018	232	+10.2%	Cons. · IFRS
FYE Mar 2019	220	−5.5%	Cons. · IFRS
FYE Mar 2020	154	−30.1%	Cons. · IFRS
FYE Mar 2021	126	−17.8%	Cons. · IFRS
FYE Mar 2022	170	+34.4%	Cons. · IFRS
FYE Mar 2023	176	+3.5%	Cons. · IFRS
FYE Mar 2024	165	−6.0%	Cons. · IFRS
FYE Mar 2025	173	+4.6%	Cons. · IFRS
FYE Mar 2026	191	+10.7%	Cons. · IFRS

Definition: What the product or service itself earns
Formula: Revenue − cost of sales
Source: Securities report (XBRL)

SG&A selling, general and administrative expenses

FYE Mar 2026 ¥161bn

CAGR · 10 yrs +2.2%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Mar 2017	132	n/a	Cons. · IFRS
FYE Mar 2018	138	+4.9%	Cons. · IFRS
FYE Mar 2019	142	+2.4%	Cons. · IFRS
FYE Mar 2020	130	−8.2%	Cons. · IFRS
FYE Mar 2021	125	−3.7%	Cons. · IFRS
FYE Mar 2022	145	+15.4%	Cons. · IFRS
FYE Mar 2023	135	−7.0%	Cons. · IFRS
FYE Mar 2024	141	+4.7%	Cons. · IFRS
FYE Mar 2025	145	+2.7%	Cons. · IFRS
FYE Mar 2026	161	+11.2%	Cons. · IFRS

Definition: The cost of selling and of running the company
Formula: SG&A line of the income statement
Source: Securities report (XBRL)

Operating profit

FYE Mar 2026 ¥39bn

CAGR · 10 yrs −5.6%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Mar 2017	65.3	n/a	Cons. · IFRS
FYE Mar 2018	97.9	+49.8%	Cons. · IFRS
FYE Mar 2019	79.3	−19.0%	Cons. · IFRS
FYE Mar 2020	23.6	−70.2%	Cons. · IFRS
FYE Mar 2021	6.4	−73.0%	Cons. · IFRS
FYE Mar 2022	29.4	+362.4%	Cons. · IFRS
FYE Mar 2023	43.8	+49.0%	Cons. · IFRS
FYE Mar 2024	27.4	−37.5%	Cons. · IFRS
FYE Mar 2025	28.5	+3.9%	Cons. · IFRS
FYE Mar 2026	38.8	+36.4%	Cons. · IFRS

Definition: What the core business earns
Formula: Gross profit − SG&A
Source: Securities report (XBRL)

Non-operating income

FYE Mar 2026 ¥4.0bn

CAGR · 10 yrs +5.0%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Mar 2017	2.6	n/a	Cons. · IFRS
FYE Mar 2018	2.5	−3.9%	Cons. · IFRS
FYE Mar 2019	2.7	+7.5%	Cons. · IFRS
FYE Mar 2020	3.4	+28.1%	Cons. · IFRS
FYE Mar 2021	2.1	−37.3%	Cons. · IFRS
FYE Mar 2022	2.2	+4.3%	Cons. · IFRS
FYE Mar 2023	2.3	+3.2%	Cons. · IFRS
FYE Mar 2024	3.6	+57.8%	Cons. · IFRS
FYE Mar 2025	3.2	−10.6%	Cons. · IFRS
FYE Mar 2026	4.0	+23.5%	Cons. · IFRS

Definition: Income from outside the core business
Formula: Non-operating income line of the income statement
Source: Securities report (XBRL)

Non-operating expenses

FYE Mar 2026 ¥4.8bn

CAGR · 10 yrs +1.2%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Mar 2017	4.3	n/a	Cons. · IFRS
FYE Mar 2018	3.1	−27.9%	Cons. · IFRS
FYE Mar 2019	2.7	−12.7%	Cons. · IFRS
FYE Mar 2020	2.9	+8.8%	Cons. · IFRS
FYE Mar 2021	2.6	−11.4%	Cons. · IFRS
FYE Mar 2022	2.1	−18.0%	Cons. · IFRS
FYE Mar 2023	2.9	+33.2%	Cons. · IFRS
FYE Mar 2024	4.8	+68.6%	Cons. · IFRS
FYE Mar 2025	6.6	+37.2%	Cons. · IFRS
FYE Mar 2026	4.8	−27.5%	Cons. · IFRS

Definition: Costs arising outside the core business
Formula: Non-operating expenses line of the income statement
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥23bn

CAGR · 10 yrs −7.4%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Mar 2017	45.6	n/a	Cons. · IFRS
FYE Mar 2018	69.3	+52.1%	Cons. · IFRS
FYE Mar 2019	55.8	−19.5%	Cons. · IFRS
FYE Mar 2020	17.4	−68.8%	Cons. · IFRS
FYE Mar 2021	0.4	−98.0%	Cons. · IFRS
FYE Mar 2022	16.6	+4572.4%	Cons. · IFRS
FYE Mar 2023	18.4	+11.0%	Cons. · IFRS
FYE Mar 2024	8.5	−53.8%	Cons. · IFRS
FYE Mar 2025	10.6	+25.2%	Cons. · IFRS
FYE Mar 2026	22.9	+114.8%	Cons. · IFRS

Definition: What is left after tax
Formula: Pre-tax profit − income taxes
Source: Securities report (XBRL)

Gross margin

FYE Mar 2026 21.0%

Average · 10 yrs 20.8%

Fiscal year	Gross margin %	YoY	Basis
FYE Mar 2017	22.2	n/a	Cons. · IFRS
FYE Mar 2018	22.8	+0.6pp	Cons. · IFRS
FYE Mar 2019	22.1	−0.6pp	Cons. · IFRS
FYE Mar 2020	18.5	−3.7pp	Cons. · IFRS
FYE Mar 2021	16.9	−1.6pp	Cons. · IFRS
FYE Mar 2022	19.6	+2.7pp	Cons. · IFRS
FYE Mar 2023	22.6	+3.0pp	Cons. · IFRS
FYE Mar 2024	20.9	−1.7pp	Cons. · IFRS
FYE Mar 2025	21.7	+0.7pp	Cons. · IFRS
FYE Mar 2026	21.0	−0.7pp	Cons. · IFRS

Definition: The share of revenue left after the cost of sales
Formula: Gross profit ÷ revenue
Source: Securities report (XBRL)

Operating margin

FYE Mar 2026 4.3%

Average · 10 yrs 4.9%

Fiscal year	Operating margin %	YoY	Basis
FYE Mar 2017	6.9	n/a	Cons. · IFRS
FYE Mar 2018	9.6	+2.7pp	Cons. · IFRS
FYE Mar 2019	8.0	−1.6pp	Cons. · IFRS
FYE Mar 2020	2.8	−5.2pp	Cons. · IFRS
FYE Mar 2021	0.9	−2.0pp	Cons. · IFRS
FYE Mar 2022	3.4	+2.6pp	Cons. · IFRS
FYE Mar 2023	5.6	+2.2pp	Cons. · IFRS
FYE Mar 2024	3.5	−2.2pp	Cons. · IFRS
FYE Mar 2025	3.6	+0.1pp	Cons. · IFRS
FYE Mar 2026	4.3	+0.7pp	Cons. · IFRS

Definition: The share of revenue the core business keeps
Formula: Operating profit ÷ revenue
Source: Securities report (XBRL)

Net margin

FYE Mar 2026 2.5%

Average · 10 yrs 2.9%

Fiscal year	Net margin %	YoY	Basis
FYE Mar 2017	4.8	n/a	Cons. · IFRS
FYE Mar 2018	6.8	+2.0pp	Cons. · IFRS
FYE Mar 2019	5.6	−1.2pp	Cons. · IFRS
FYE Mar 2020	2.1	−3.5pp	Cons. · IFRS
FYE Mar 2021	0.0	−2.0pp	Cons. · IFRS
FYE Mar 2022	1.9	+1.9pp	Cons. · IFRS
FYE Mar 2023	2.4	+0.5pp	Cons. · IFRS
FYE Mar 2024	1.1	−1.3pp	Cons. · IFRS
FYE Mar 2025	1.3	+0.3pp	Cons. · IFRS
FYE Mar 2026	2.5	+1.2pp	Cons. · IFRS

Definition: The share of revenue left after everything
Formula: Net profit ÷ revenue
Source: Securities report (XBRL)

Cost-of-sales ratio

FYE Mar 2026 79.0%

Average · 10 yrs 79.2%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Mar 2017	77.8	n/a	Cons. · IFRS
FYE Mar 2018	77.2	−0.6pp	Cons. · IFRS
FYE Mar 2019	77.9	+0.6pp	Cons. · IFRS
FYE Mar 2020	81.5	+3.7pp	Cons. · IFRS
FYE Mar 2021	83.1	+1.6pp	Cons. · IFRS
FYE Mar 2022	80.4	−2.7pp	Cons. · IFRS
FYE Mar 2023	77.4	−3.0pp	Cons. · IFRS
FYE Mar 2024	79.1	+1.7pp	Cons. · IFRS
FYE Mar 2025	78.3	−0.7pp	Cons. · IFRS
FYE Mar 2026	79.0	+0.7pp	Cons. · IFRS

Definition: The share of revenue taken by the cost of sales
Formula: Cost of sales ÷ revenue
Source: Securities report (XBRL)

SG&A ratio

FYE Mar 2026 17.6%

Average · 10 yrs 16.2%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Mar 2017	13.9	n/a	Cons. · IFRS
FYE Mar 2018	13.6	−0.3pp	Cons. · IFRS
FYE Mar 2019	14.3	+0.7pp	Cons. · IFRS
FYE Mar 2020	15.7	+1.4pp	Cons. · IFRS
FYE Mar 2021	16.8	+1.1pp	Cons. · IFRS
FYE Mar 2022	16.7	−0.1pp	Cons. · IFRS
FYE Mar 2023	17.3	+0.6pp	Cons. · IFRS
FYE Mar 2024	17.9	+0.5pp	Cons. · IFRS
FYE Mar 2025	18.2	+0.3pp	Cons. · IFRS
FYE Mar 2026	17.6	−0.5pp	Cons. · IFRS

Definition: The share of revenue taken by selling and administrative costs
Formula: SG&A ÷ revenue
Source: Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn

Equity Liabilities and non-controlling interests

Financial strength

Equity ratio

Total assets

FYE Mar 2026 ¥1.24tn

CAGR · 10 yrs +1.9%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Mar 2017	1,044	n/a	Cons. · IFRS
FYE Mar 2018	1,092	+4.6%	Cons. · IFRS
FYE Mar 2019	1,086	−0.5%	Cons. · IFRS
FYE Mar 2020	1,030	−5.2%	Cons. · IFRS
FYE Mar 2021	1,172	+13.8%	Cons. · IFRS
FYE Mar 2022	1,235	+5.4%	Cons. · IFRS
FYE Mar 2023	1,233	−0.1%	Cons. · IFRS
FYE Mar 2024	1,298	+5.3%	Cons. · IFRS
FYE Mar 2025	1,220	−6.1%	Cons. · IFRS
FYE Mar 2026	1,240	+1.7%	Cons. · IFRS

Definition: Everything the company holds
Formula: Total assets line of the balance sheet
Source: Securities report (XBRL)

Equity net assets, shareholders' equity

FYE Mar 2026 ¥652bn

CAGR · 10 yrs +3.9%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Mar 2017	461	n/a	Cons. · IFRS
FYE Mar 2018	513	+11.3%	Cons. · IFRS
FYE Mar 2019	513	−0.1%	Cons. · IFRS
FYE Mar 2020	484	−5.5%	Cons. · IFRS
FYE Mar 2021	535	+10.5%	Cons. · IFRS
FYE Mar 2022	598	+11.7%	Cons. · IFRS
FYE Mar 2023	598	−0.1%	Cons. · IFRS
FYE Mar 2024	642	+7.4%	Cons. · IFRS
FYE Mar 2025	634	−1.3%	Cons. · IFRS
FYE Mar 2026	652	+2.9%	Cons. · IFRS

Definition: The part of the funding that never has to be repaid
Formula: Net assets line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Mar 2026 ¥72bn

CAGR · 9 yrs +18.8%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · IFRS
FYE Mar 2018	18.2	n/a	Cons. · IFRS
FYE Mar 2019	19.6	+7.5%	Cons. · IFRS
FYE Mar 2020	19.8	+1.1%	Cons. · IFRS
FYE Mar 2021	42.9	+116.9%	Cons. · IFRS
FYE Mar 2022	44.0	+2.6%	Cons. · IFRS
FYE Mar 2023	47.6	+8.1%	Cons. · IFRS
FYE Mar 2024	54.6	+14.7%	Cons. · IFRS
FYE Mar 2025	62.7	+15.0%	Cons. · IFRS
FYE Mar 2026	72.0	+14.8%	Cons. · IFRS

Definition: Assets with no physical form
Formula: Intangible assets line of the balance sheet
Source: Securities report (XBRL)

Goodwill

FYE Mar 2026 ¥19bn

CAGR · 7 yrs +110.2%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Mar 2017	n/a	n/a	Cons. · IFRS
FYE Mar 2018	n/a	n/a	Cons. · IFRS
FYE Mar 2019	n/a	n/a	Cons. · IFRS
FYE Mar 2020	0.2	n/a	Cons. · IFRS
FYE Mar 2021	13.6	+5900.0%	Cons. · IFRS
FYE Mar 2022	14.7	+8.1%	Cons. · IFRS
FYE Mar 2023	15.5	+6.1%	Cons. · IFRS
FYE Mar 2024	17.4	+11.9%	Cons. · IFRS
FYE Mar 2025	17.3	−0.8%	Cons. · IFRS
FYE Mar 2026	19.5	+12.9%	Cons. · IFRS

Definition: What an acquisition cost above the net assets it brought
Formula: Goodwill line of the balance sheet
Source: Securities report (XBRL)

Equity ratio

FYE Mar 2026 52.6%

Average · 10 yrs 48.2%

Fiscal year	Equity ratio %	YoY	Basis
FYE Mar 2017	44.2	n/a	Cons. · IFRS
FYE Mar 2018	47.0	+2.8pp	Cons. · IFRS
FYE Mar 2019	47.2	+0.2pp	Cons. · IFRS
FYE Mar 2020	47.0	−0.2pp	Cons. · IFRS
FYE Mar 2021	45.7	−1.3pp	Cons. · IFRS
FYE Mar 2022	48.5	+2.8pp	Cons. · IFRS
FYE Mar 2023	48.5	−0.0pp	Cons. · IFRS
FYE Mar 2024	49.5	+1.0pp	Cons. · IFRS
FYE Mar 2025	52.0	+2.5pp	Cons. · IFRS
FYE Mar 2026	52.6	+0.6pp	Cons. · IFRS

Definition: How much of the balance sheet is funded without debt
Formula: Equity ÷ total assets
Source: Securities report (XBRL)

ROE return on equity

FYE Mar 2026 3.5%

Average · 10 yrs 5.0%

Fiscal year	ROE %	YoY	Basis
FYE Mar 2017	9.9	n/a	Cons. · IFRS
FYE Mar 2018	13.5	+3.6pp	Cons. · IFRS
FYE Mar 2019	10.9	−2.6pp	Cons. · IFRS
FYE Mar 2020	3.6	−7.3pp	Cons. · IFRS
FYE Mar 2021	0.1	−3.5pp	Cons. · IFRS
FYE Mar 2022	2.8	+2.7pp	Cons. · IFRS
FYE Mar 2023	3.1	+0.3pp	Cons. · IFRS
FYE Mar 2024	1.3	−1.8pp	Cons. · IFRS
FYE Mar 2025	1.7	+0.4pp	Cons. · IFRS
FYE Mar 2026	3.5	+1.8pp	Cons. · IFRS

Definition: What the shareholders' capital earns
Formula: Net profit ÷ equity
Source: Securities report (XBRL)

ROA return on assets

FYE Mar 2026 1.8%

Average · 10 yrs 2.4%

Fiscal year	ROA %	YoY	Basis
FYE Mar 2017	4.4	n/a	Cons. · IFRS
FYE Mar 2018	6.3	+2.0pp	Cons. · IFRS
FYE Mar 2019	5.1	−1.2pp	Cons. · IFRS
FYE Mar 2020	1.7	−3.4pp	Cons. · IFRS
FYE Mar 2021	0.0	−1.7pp	Cons. · IFRS
FYE Mar 2022	1.3	+1.3pp	Cons. · IFRS
FYE Mar 2023	1.5	+0.1pp	Cons. · IFRS
FYE Mar 2024	0.7	−0.8pp	Cons. · IFRS
FYE Mar 2025	0.9	+0.2pp	Cons. · IFRS
FYE Mar 2026	1.8	+1.0pp	Cons. · IFRS

Definition: What the whole balance sheet earns
Formula: Net profit ÷ total assets
Source: Securities report (XBRL)

Asset turnover

FYE Mar 2026 0.74×

CAGR · 10 yrs −2.3%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Mar 2017	0.91	n/a	Cons. · IFRS
FYE Mar 2018	0.93	+2.7%	Cons. · IFRS
FYE Mar 2019	0.91	−2.3%	Cons. · IFRS
FYE Mar 2020	0.81	−11.6%	Cons. · IFRS
FYE Mar 2021	0.64	−20.9%	Cons. · IFRS
FYE Mar 2022	0.70	+9.8%	Cons. · IFRS
FYE Mar 2023	0.63	−10.1%	Cons. · IFRS
FYE Mar 2024	0.61	−3.5%	Cons. · IFRS
FYE Mar 2025	0.65	+7.5%	Cons. · IFRS
FYE Mar 2026	0.74	+12.6%	Cons. · IFRS

Definition: How much revenue each yen of assets produces
Formula: Revenue ÷ total assets
Source: Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn

Operating CF Investing CF Financing CF

Cash against debt

¥ bn

Cash and equivalents

Operating cash flow

FYE Mar 2026 ¥98bn

CAGR · 10 yrs +4.1%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Mar 2017	67.9	n/a	Cons. · IFRS
FYE Mar 2018	83.7	+23.3%	Cons. · IFRS
FYE Mar 2019	92.6	+10.6%	Cons. · IFRS
FYE Mar 2020	72.4	−21.8%	Cons. · IFRS
FYE Mar 2021	53.8	−25.6%	Cons. · IFRS
FYE Mar 2022	22.7	−57.8%	Cons. · IFRS
FYE Mar 2023	64.2	+182.2%	Cons. · IFRS
FYE Mar 2024	99.8	+55.6%	Cons. · IFRS
FYE Mar 2025	82.2	−17.7%	Cons. · IFRS
FYE Mar 2026	97.8	+19.0%	Cons. · IFRS

Definition: Cash the business itself generated
Formula: Cash flow from operating activities
Source: Securities report (XBRL)

Investing cash flow

FYE Mar 2026 -¥65bn

Average · 10 yrs -¥55bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-54.2	n/a	Cons. · IFRS
FYE Mar 2018	-53.0	n/a	Cons. · IFRS
FYE Mar 2019	-72.7	n/a	Cons. · IFRS
FYE Mar 2020	-39.8	n/a	Cons. · IFRS
FYE Mar 2021	-51.1	n/a	Cons. · IFRS
FYE Mar 2022	-20.0	n/a	Cons. · IFRS
FYE Mar 2023	-48.8	n/a	Cons. · IFRS
FYE Mar 2024	-90.8	n/a	Cons. · IFRS
FYE Mar 2025	-58.8	n/a	Cons. · IFRS
FYE Mar 2026	-64.8	n/a	Cons. · IFRS

Definition: Cash spent on, or released by, investment
Formula: Cash flow from investing activities
Source: Securities report (XBRL)

Financing cash flow

FYE Mar 2026 -¥38bn

Average · 10 yrs -¥24bn

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Mar 2017	-48.4	n/a	Cons. · IFRS
FYE Mar 2018	-39.8	n/a	Cons. · IFRS
FYE Mar 2019	-20.5	n/a	Cons. · IFRS
FYE Mar 2020	-21.3	n/a	Cons. · IFRS
FYE Mar 2021	30.0	n/a	Cons. · IFRS
FYE Mar 2022	-48.2	−260.8%	Cons. · IFRS
FYE Mar 2023	4.4	n/a	Cons. · IFRS
FYE Mar 2024	-24.8	−661.0%	Cons. · IFRS
FYE Mar 2025	-33.7	n/a	Cons. · IFRS
FYE Mar 2026	-37.8	n/a	Cons. · IFRS

Definition: Cash raised from, or returned to, lenders and shareholders
Formula: Cash flow from financing activities
Source: Securities report (XBRL)

Cash and equivalents

FYE Mar 2026 ¥142bn

CAGR · 10 yrs −2.3%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Mar 2017	176	n/a	Cons. · IFRS
FYE Mar 2018	131	−25.2%	Cons. · IFRS
FYE Mar 2019	130	−1.0%	Cons. · IFRS
FYE Mar 2020	137	+5.6%	Cons. · IFRS
FYE Mar 2021	177	+28.7%	Cons. · IFRS
FYE Mar 2022	138	−22.2%	Cons. · IFRS
FYE Mar 2023	160	+16.4%	Cons. · IFRS
FYE Mar 2024	151	−5.9%	Cons. · IFRS
FYE Mar 2025	138	−8.2%	Cons. · IFRS
FYE Mar 2026	142	+2.8%	Cons. · IFRS

Definition: Cash on hand at the year end
Formula: Closing balance in the cash flow statement
Source: Securities report (XBRL)

Free cash flow

FYE Mar 2026 ¥33bn

CAGR · 10 yrs +10.3%

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Mar 2017	13.7	n/a	Cons. · IFRS
FYE Mar 2018	30.7	+124.5%	Cons. · IFRS
FYE Mar 2019	19.9	−35.1%	Cons. · IFRS
FYE Mar 2020	32.6	+63.5%	Cons. · IFRS
FYE Mar 2021	2.7	−91.6%	Cons. · IFRS
FYE Mar 2022	2.8	+0.5%	Cons. · IFRS
FYE Mar 2023	15.4	+457.4%	Cons. · IFRS
FYE Mar 2024	9.0	−41.5%	Cons. · IFRS
FYE Mar 2025	23.4	+160.1%	Cons. · IFRS
FYE Mar 2026	33.1	+41.1%	Cons. · IFRS

Definition: What is left once the business has paid for its own investment
Formula: Operating cash flow + investing cash flow
Source: Securities report (XBRL)

Operating cash flow margin

FYE Mar 2026 10.7%

Average · 10 yrs 8.5%

Fiscal year	OCF margin %	YoY	Basis
FYE Mar 2017	7.2	n/a	Cons. · IFRS
FYE Mar 2018	8.2	+1.1pp	Cons. · IFRS
FYE Mar 2019	9.3	+1.1pp	Cons. · IFRS
FYE Mar 2020	8.7	−0.6pp	Cons. · IFRS
FYE Mar 2021	7.2	−1.5pp	Cons. · IFRS
FYE Mar 2022	2.6	−4.6pp	Cons. · IFRS
FYE Mar 2023	8.3	+5.6pp	Cons. · IFRS
FYE Mar 2024	12.7	+4.4pp	Cons. · IFRS
FYE Mar 2025	10.3	−2.3pp	Cons. · IFRS
FYE Mar 2026	10.7	+0.4pp	Cons. · IFRS

Definition: How much of the revenue turned into cash
Formula: Operating cash flow ÷ revenue
Source: Securities report (XBRL)

Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples

Market capitalisation

FYE Mar 2026 ¥544bn

Change · 10 yrs −¥334bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Mar 2017	877	n/a
FYE Mar 2018	786	n/a
FYE Mar 2019	572	n/a
FYE Mar 2020	383	n/a
FYE Mar 2021	626	n/a
FYE Mar 2022	406	n/a
FYE Mar 2023	417	n/a
FYE Mar 2024	442	n/a
FYE Mar 2025	319	n/a
FYE Mar 2026	544	n/a

Definition: What the market says the company is worth
Formula: Year-end share price × shares outstanding
Source: Securities report (XBRL)

Share price year-end close

FYE Mar 2026 1,087¥

Change · 10 yrs −504¥

Fiscal year	Share price ¥	Basis
FYE Mar 2017	1,592	n/a
FYE Mar 2018	1,426	n/a
FYE Mar 2019	1,037	n/a
FYE Mar 2020	695	n/a
FYE Mar 2021	1,135	n/a
FYE Mar 2022	736	n/a
FYE Mar 2023	756	n/a
FYE Mar 2024	884	n/a
FYE Mar 2025	638	n/a
FYE Mar 2026	1,087	n/a

Definition: The closing price on the last day of the fiscal year
Formula: Year-end closing price
Source: Securities report (XBRL)

Shares outstanding

FYE Mar 2026 500,000,000shares

Change · 10 yrs −51,268,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Mar 2017	551,268,000	Parent
FYE Mar 2018	551,268,000	Parent
FYE Mar 2019	551,268,000	Parent
FYE Mar 2020	551,268,000	Parent
FYE Mar 2021	551,268,000	Parent
FYE Mar 2022	551,268,000	Parent
FYE Mar 2023	551,268,000	Parent
FYE Mar 2024	500,000,000	Parent
FYE Mar 2025	500,000,000	Parent
FYE Mar 2026	500,000,000	Parent

Definition: How many shares exist
Formula: Shares issued, from the key figures of the filing
Source: Securities report (XBRL)

EPS earnings per share

FYE Mar 2026 46.75¥

Change · 10 yrs −39.33¥

Fiscal year	EPS ¥	Basis
FYE Mar 2017	86.08	Cons.
FYE Mar 2018	131.16	Cons.
FYE Mar 2019	107.46	Cons.
FYE Mar 2020	34.00	Cons.
FYE Mar 2021	0.69	Cons.
FYE Mar 2022	32.35	Cons.
FYE Mar 2023	35.89	Cons.
FYE Mar 2024	17.27	Cons.
FYE Mar 2025	21.78	Cons.
FYE Mar 2026	46.75	Cons.

Definition: Net profit for each share
Formula: Net profit ÷ average shares outstanding
Source: Securities report (XBRL)

BPS book value per share

FYE Mar 2026 1,303.63¥

Change · 10 yrs +466.74¥

Fiscal year	BPS ¥	Basis
FYE Mar 2017	836.89	Cons. · IFRS
FYE Mar 2018	931.19	Cons. · IFRS
FYE Mar 2019	930.49	Cons. · IFRS
FYE Mar 2020	878.87	Cons. · IFRS
FYE Mar 2021	971.33	Cons. · IFRS
FYE Mar 2022	1,085.03	Cons. · IFRS
FYE Mar 2023	1,084.23	Cons. · IFRS
FYE Mar 2024	1,284.01	Cons. · IFRS
FYE Mar 2025	1,267.47	Cons. · IFRS
FYE Mar 2026	1,303.63	Cons. · IFRS

Definition: Equity behind each share
Formula: Equity ÷ shares outstanding
Source: Securities report (XBRL)

PER price-to-earnings ratio

FYE Mar 2026 23.26×

Average · 10 yrs 185.19×

Fiscal year	PER ×	Basis
FYE Mar 2017	18.49	Cons.
FYE Mar 2018	10.87	Cons.
FYE Mar 2019	9.65	Cons.
FYE Mar 2020	20.45	Cons.
FYE Mar 2021	1,644.93	Cons.
FYE Mar 2022	22.75	Cons.
FYE Mar 2023	21.06	Cons.
FYE Mar 2024	51.17	Cons.
FYE Mar 2025	29.29	Cons.
FYE Mar 2026	23.26	Cons.

Definition: How many years of earnings the price stands for
Formula: Year-end price ÷ EPS
Source: Securities report (XBRL)

PBR price-to-book ratio

FYE Mar 2026 0.79×

Average · 10 yrs 0.91×

Fiscal year	PBR ×	Basis
FYE Mar 2017	1.82	Cons.
FYE Mar 2018	1.40	Cons.
FYE Mar 2019	0.99	Cons.
FYE Mar 2020	0.70	Cons.
FYE Mar 2021	1.05	Cons.
FYE Mar 2022	0.61	Cons.
FYE Mar 2023	0.63	Cons.
FYE Mar 2024	0.65	Cons.
FYE Mar 2025	0.48	Cons.
FYE Mar 2026	0.79	Cons.

Definition: The price measured against the book value behind it
Formula: Year-end price ÷ BPS
Source: Securities report (XBRL)

Workforce and productivity Headcount, pay and what each employee accounts for

Group employees

FYE Mar 2026 26,278people

Change · 10 yrs −5,309 people

Fiscal year	Group employees people	YoY	Basis
FYE Mar 2017	31,587	n/a	Cons.
FYE Mar 2018	31,861	+0.9%	Cons.
FYE Mar 2019	31,484	−1.2%	Cons.
FYE Mar 2020	30,747	−2.3%	Cons.
FYE Mar 2021	30,378	−1.2%	Cons.
FYE Mar 2022	30,577	+0.7%	Cons.
FYE Mar 2023	29,882	−2.3%	Cons.
FYE Mar 2024	25,632	−14.2%	Cons.
FYE Mar 2025	24,057	−6.1%	Cons.
FYE Mar 2026	26,278	+9.2%	Cons.

Definition: Everyone employed across the group
Formula: Consolidated headcount, from the employee section of the filing
Source: Securities report (XBRL)

Parent-company employees

FYE Mar 2026 7,231people

Change · 10 yrs −354 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Mar 2017	7,585	n/a	Parent
FYE Mar 2018	7,726	+1.9%	Parent
FYE Mar 2019	7,892	+2.1%	Parent
FYE Mar 2020	7,948	+0.7%	Parent
FYE Mar 2021	7,974	+0.3%	Parent
FYE Mar 2022	8,087	+1.4%	Parent
FYE Mar 2023	7,986	−1.2%	Parent
FYE Mar 2024	7,459	−6.6%	Parent
FYE Mar 2025	7,479	+0.3%	Parent
FYE Mar 2026	7,231	−3.3%	Parent

Definition: Employees of the filing company itself
Formula: Parent-only headcount, from the employee section of the filing
Source: Securities report (XBRL)

Average annual pay parent company

FYE Mar 2026 788万円

Change · 10 yrs +21万円

Fiscal year	Average annual pay 万円	YoY	Basis
FYE Mar 2017	767	n/a	Parent
FYE Mar 2018	762	−0.7%	Parent
FYE Mar 2019	776	+1.7%	Parent
FYE Mar 2020	747	−3.7%	Parent
FYE Mar 2021	685	−8.3%	Parent
FYE Mar 2022	712	+3.9%	Parent
FYE Mar 2023	719	+0.9%	Parent
FYE Mar 2024	741	+3.2%	Parent
FYE Mar 2025	764	+3.1%	Parent
FYE Mar 2026	788	+3.1%	Parent

Definition: Average total annual compensation, bonuses included
Formula: Average annual pay, from the employee section of the filing
Source: Securities report (XBRL)

Average age

FYE Mar 2026 42.1years

Change · 8 yrs +1.3 years

Fiscal year	Average age years	YoY	Basis
FYE Mar 2017	n/a	n/a	Parent
FYE Mar 2018	n/a	n/a	Parent
FYE Mar 2019	40.8	n/a	Parent
FYE Mar 2020	41.0	+0.5%	Parent
FYE Mar 2021	41.2	+0.5%	Parent
FYE Mar 2022	41.3	+0.2%	Parent
FYE Mar 2023	41.5	+0.5%	Parent
FYE Mar 2024	41.6	+0.2%	Parent
FYE Mar 2025	41.9	+0.7%	Parent
FYE Mar 2026	42.1	+0.5%	Parent

Definition: Average age of the parent company's employees
Formula: Average age, from the employee section of the filing
Source: Securities report (XBRL)

Average length of service

FYE Mar 2026 16.6years

Change · 10 yrs +2.0 years

Fiscal year	Average length of service years	YoY	Basis
FYE Mar 2017	14.6	n/a	Parent
FYE Mar 2018	14.8	+1.4%	Parent
FYE Mar 2019	15.0	+1.4%	Parent
FYE Mar 2020	15.3	+2.0%	Parent
FYE Mar 2021	15.7	+2.6%	Parent
FYE Mar 2022	15.9	+1.3%	Parent
FYE Mar 2023	16.2	+1.9%	Parent
FYE Mar 2024	16.2	−0.0%	Parent
FYE Mar 2025	16.7	+3.1%	Parent
FYE Mar 2026	16.6	−0.6%	Parent

Definition: How long the average employee has been with the company
Formula: Average years of service, from the employee section of the filing
Source: Securities report (XBRL)

Temporary employees

FYE Mar 2026 2,073people

Change · 9 yrs −2,160 people

Fiscal year	Temporary employees people	YoY	Basis
FYE Mar 2017	4,233	n/a	n/a
FYE Mar 2018	n/a	n/a	n/a
FYE Mar 2019	4,557	n/a	n/a
FYE Mar 2020	3,542	−22.3%	n/a
FYE Mar 2021	2,847	−19.6%	n/a
FYE Mar 2022	2,971	+4.4%	n/a
FYE Mar 2023	2,786	−6.2%	n/a
FYE Mar 2024	2,503	−10.2%	n/a
FYE Mar 2025	2,339	−6.6%	n/a
FYE Mar 2026	2,073	−11.4%	n/a

Definition: Average number of temporary and part-time staff over the year
Formula: Average temporary headcount, from the employee section of the filing
Source: Securities report (XBRL)

Revenue per employee

FYE Mar 2026 ¥34.7m

Change · 10 yrs +¥4.6m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Mar 2017	30.0	n/a	Cons.
FYE Mar 2018	32.0	+6.6%	Cons.
FYE Mar 2019	31.5	−1.7%	Cons.
FYE Mar 2020	27.0	−14.2%	Cons.
FYE Mar 2021	24.6	−9.0%	Cons.
FYE Mar 2022	28.3	+15.0%	Cons.
FYE Mar 2023	26.0	−8.1%	Cons.
FYE Mar 2024	30.8	+18.4%	Cons.
FYE Mar 2025	33.1	+7.6%	Cons.
FYE Mar 2026	34.7	+4.8%	Cons.

Definition: What each employee accounts for in revenue
Formula: Revenue ÷ group employees
Source: Securities report (XBRL)

Operating profit per employee

FYE Mar 2026 ¥1.5m

Change · 10 yrs −¥0.6m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Mar 2017	2.1	n/a	Cons.
FYE Mar 2018	3.1	+48.5%	Cons.
FYE Mar 2019	2.5	−18.0%	Cons.
FYE Mar 2020	0.8	−69.5%	Cons.
FYE Mar 2021	0.2	−72.7%	Cons.
FYE Mar 2022	1.0	+359.4%	Cons.
FYE Mar 2023	1.5	+52.4%	Cons.
FYE Mar 2024	1.1	−27.2%	Cons.
FYE Mar 2025	1.2	+10.7%	Cons.
FYE Mar 2026	1.5	+24.9%	Cons.

Definition: What each employee accounts for in operating profit
Formula: Operating profit ÷ group employees
Source: Securities report (XBRL)

Disclaimer

Figures are reproduced as filed and are not restated: a change of accounting standard or of consolidation basis moves the series without anything happening to the business. Where that happened, the table says so in place of the year-on-year figure.
Ratios and per-employee figures are computed from the filed lines rather than taken from the filing, and use year-end balances rather than averages.

Accuracy, liability, reuse and privacy — the full disclaimer →

Data API

NSK’s history, presidents and financials are published as static JSON — no key, plain GET. One API per public page, and one per section where a page carries several tables. Full specification →

/api/6471/company.json ·/api/6471/history.json ·/api/6471/ceo.json ·/api/6471/financials.json ·/api/6471/financials/segment.json ·/api/6471/financials/pl.json ·/api/6471/financials/cf.json ·/api/6471/financials/bs.json ·/api/6471/financials/employee.json ·/api/6471/financials/stock.json ·/api/6471/financials.csv ·/api/6471/financials_history.csv

/api/companies.json ·/api/decisions.json ·/api/api-manifest.json