NSK Ltd. NPSKY

IndustrialsAutomobiles & Auto PartsJapan

Last close 14.11 USD on Nov 1, 2026, +14.6% year to date

Quant rating

Quant rating D Rank 319 of 418 in Industrials

Growth D 341 of 418
Valuation B 123 of 418
Quality D 298 of 418
Revisions D 343 of 418
Momentum B 101 of 418

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 3.2B
Enterprise value: 4.2B
52-week range: 10.92 – 18.45
3-year range: 7.29 – 18.45
Dividend yield: 3.05%
Beta (5 years): 0.71
Shares outstanding: 500M
Next earnings: Oct 29, 2026

About the company

NSK Ltd is a Japan-based company engaged in the manufacture and sale of bearings, automobile-related products and precision machinery products. The Company operates in two business segments. The Industrial Machinery Business segment manufactures and sells bearings, precision equipment-related products, condition monitoring systems, and other products for general industry. The Automotive Business segment manufactures and sells bearings, automatic transmission parts, and other products for automobile and automobile parts manufacturers. Major products include ball bearings, hub unit bearings, tapered roller bearings, ball screws, linear guides, condition monitoring systems, and components for automatic transmissions. The Company also manufactures and sells steel balls and machinery and equipment.

Growth and profitability fiscal year ends March 31

Growth and profitability by fiscal year
	2016	2015	2014	2013	2012	5Y avg
Revenue (mil)	5,744	5,313	5,214	5,850	7,111	–
Revenue growth	8.1%	1.9%	−10.9%	−17.7%	5.3%	−3.2%
EPS (basic, normalized)	–	2.08	1.15	0.70	1.34	–
EPS growth	–	80.9%	64.3%	−47.8%	–	–
Gross margin	21.0%	21.7%	20.9%	22.6%	19.6%	21.2%
Net margin	2.5%	1.6%	1.7%	3.6%	1.9%	2.2%
ROE	3.5%	1.9%	2.1%	4.5%	2.8%	3.0%

Balance sheet, last quarter
Cash & short-term investments (mil)	1,289
Current ratio	2.06x
Long-term debt (mil)	1,314
Net debt (mil)	976
Total equity (mil)	4,219
Net debt / equity	0.23x
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2016 actual	5,744	+8.1%	0.7x	–	–	–	–	–	–

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2017	–	–	–	–	–	–	–	–
2018	–	–	–	–	–	–	–	–
2019	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Automobiles & Auto Parts

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
NPSKY NSK Ltd.	3.2B	–	2.5%	0.72x	–	–	–	–
FHYD First Hydrogen Corp	20M	–	–	−10.61x	–	–	–	–
ILUS Ilustrato Pictures International Inc	0M	–	−161.0%	–	–	–	–	–
RGGI Resgreen Group International Inc	0M	–	−11,954.0%	–	–	–	–	–
Mean		–	−4,037.5%	−4.95x	–	–	–	–
Median		–	−161.0%	−4.95x	–	–	–	–

Technical analysis

1M+7.0%
3M+3.0%
1Y+45.0%
3Y+50.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, NSK Ltd., fiscal years, most recent first
	2016	2015	2014	2013	2012	2011
Total revenue	5,744	5,313	5,214	5,850	7,111	6,753
Cost of revenue	4,539	4,161	4,121	4,526	5,716	5,613
Gross profit	1,205	1,152	1,092	1,323	1,395	1,140
Selling, general & administrative expenses	849	817	787	861	987	934
Research & development	94.0	81.5	77.9	81.6	120	118
Depreciation/amortization	70.9	66.2	66.2	71.3	82.2	80.6
Interest expense (income), operating	−24.4	−16.0	−18.0	−8.7	−32.0	−31.9
Unusual expense (income)	−24.4	3.4	−2.3	−10.3	−5.1	−19.4
Other operating expenses	−4.2	10.3	0	−1.7	0.8	1.2
Operating income	245	190	181	330	242	57.5
Net interest income (expense)	−11.4	−20.5	−7.8	−4.2	−6.9	−8.8
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	6.5	−1.9	0	0	7.6	4.5
Net income before taxes	240	167	173	326	243	53.2
Provision for taxes	86.5	80.2	79.0	115	97.4	60.0
Minority interest	−9.1	−3.6	−7.0	−1.9	−8.9	10.0
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	144	83.5	87.2	209	136	3.2
Extraordinary items	–	−12.5	−31.0	−70.4	–	–
Net income	144	71.0	56.2	139	136	3.2
EBIT, normalized	196	177	161	311	205	6.2
EBITDA, normalized	543	527	519	751	666	499
Basic EPS, normalized	–	2.08	1.15	0.70	1.34	–

Balance sheet in millions of USD, fiscal years

Balance sheet, NSK Ltd., fiscal years, most recent first
	2016	2015	2014	2013	2012	2011
Assets
Cash & short-term investments	1,258	1,341	1,293	1,218	1,144	1,610
Receivables	1,343	1,549	1,489	1,577	1,767	1,722
Total inventory	1,362	1,240	1,229	1,489	1,617	1,355
Prepaid expenses	–	–	–	–	–	–
Other current assets	144	117	197	141	157	143
Total current assets	4,107	4,246	4,207	4,425	4,684	4,831
Property, plant & equipment	2,410	2,300	2,412	2,904	3,116	3,421
Goodwill	123	115	115	117	120	122
Intangibles	355	320	259	254	241	265
Long-term investments	512	651	671	656	797	984
Note receivable	–	–	–	–	–	–
Other long-term assets	305	500	915	931	1,190	961
Total assets	7,812	8,133	8,579	9,287	10,148	10,584
Liabilities
Accounts payable	579	620	715	712	845	889
Payable/accrued	–	–	–	–	–	–
Accrued expenses	–	–	–	–	–	–
Short-term debt	457	479	571	602	688	935
Current portion of long-term debt	148	294	241	336	200	199
Other current liabilities	603	616	847	664	708	695
Total current liabilities	1,786	2,009	2,374	2,315	2,441	2,719
Long-term debt	1,291	1,270	1,296	1,590	1,606	1,869
Minority interest	127	118	119	139	162	172
Other liabilities	373	391	429	603	860	815
Total liabilities	3,578	3,788	4,217	4,647	5,069	5,575
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	423	448	444	506	552	607
Additional paid-in capital	490	521	515	606	661	726
Retained earnings (accumulated deficit)	2,470	2,501	2,481	3,131	3,377	3,594
Treasury stock	−61.9	−68.8	−68.9	−277	−304	−337
Other equity	913	943	991	675	792	420
Total equity	4,234	4,345	4,362	4,641	5,078	5,009
Total liabilities & shareholders' equity	7,812	8,133	8,579	9,287	10,148	10,584

Cash flow statement in millions of USD, fiscal years

Cash flow statement, NSK Ltd., fiscal years, most recent first
	2016	2015	2014	2013	2012	2011
Operating activities
Net income	240	167	173	240	243	53.2
Depreciation, depletion & amortization	347	350	358	440	465	493
Deferred taxes	–	–	–	–	–	–
Non-cash items	−33.5	−29.4	−31.1	−11.8	−22.7	−28.0
Changes in working capital	62.8	60.6	160	−185	−498	−31.4
Cash from operations	616	548	660	483	187	486
Investing activities
Capital expenditures	−320	−336	−388	−390	−296	−305
Other investing cash flows	−88.3	−56.0	−212	22.4	132	−156
Cash from investing	−408	−392	−600	−367	−164	−462
Financing activities
Financing cash flow items	−7.1	−7.6	−5.9	−11.1	−7.4	−10.1
Cash dividends paid	−105	−104	−99.4	−116	−84.3	−92.6
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−126	−113	−58.4	160	−305	374
Cash from financing	−238	−225	−164	33.3	−396	271
Foreign exchange effects	54.2	−13.5	41.4	21.1	52.0	59.6
Net change in cash	24.4	−82.2	−63.0	170	−322	355
Free cash flow	297	212	272	93.5	−110	181

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.