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「NSK Ltd. (日本精工)」is a manufacturer of parts for industrial machinery bearings, precision machinery and parts, automobile bearings, etc., and its head office is located in Tokyo. It is one of the three major bearing manufacturers(「NSK Ltd.(日本精工)」,「JTEKT Corporation(ジェイテクト)」and「NTN Corporation」) in Japan, and among them, this company got the top share in Japan. In the world level, it has 3rd largest sales behind Sweden's「SKF」and Germany's「Schaeffler」. The number of consolidated employees is approximately 31,484.
1. Company Profile
2. Summary and Features
3. Major Business
4. Financial Information
1. Company Profile
※Unit is JPY million, as of 2019
Company name |
NSK Ltd. |
Company name (Japanese) |
日本精工 |
Date of establishment |
Wednesday, November 8, 1916 |
Headquarters location |
〒141-8560 東京都品川区大崎1-6-3 (日精ビル) |
Capital |
67,200 |
Consolidated sales |
991,365 |
Consolidated operating profit |
79,279 |
Consolidated total assets |
1,086,456 |
Consolidated capital |
560,400 |
Capital adequacy ratio |
51.6% |
Consolidated number of employees |
31,484 |
2. Summary and Features
From 1895 to 1897, Yamaguchi Takehiko(山口武彦) visited the Western European countries for 2 years. And as a result, he realized that domestic production of bearings was essential for the industrialization of Japan. So he founded「Nippon Seiko Limited Partnership Company(日本精工合資会社)」which is the predecessor of「NSK」. As for this core business, bearing, Now this company got the top market share in Japan and is third in the world. They also successfully commercialized the world's first continuously variable transmission using their own friction technology.
Bearings are parts used in almost all machines from trains and planes, washing machines, refrigerators, personal computers and satellites, and their basic function is to reduce mechanical friction. This allows the machine to increase operational efficiency, prolong life and prevent proactive failures. In the case of automobiles, approximately 100 to 150 or more bearings are used per each vehicle.「NSK」produces about 3 million of these bearings every day. Currently, about 90 million cars are produced annually in the world. Considering that each car should equipped with 100 to 150 bearings, there is the demand of more than 10 billion bearings a year in the automobile field alone.
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「NSK」has established sales offices in the United States in the 1960s, and has established business bases around the world other than Japan. Today, they have 207 overseas bases in 30 countries, a total of 64 production plants, and more than 20,000 employees. They purchased UK's largest bearing company「UPI」and Polish state-owned company「FLT Iskra」, and now they are conducting joint venture activities with bearing manufacturing companies around the world. Academically, 「NSK」is regarded as a textbook example for globalization for Japanese company.
However, bearing is not the only part that「NSK」has comparative advantages.By utilizing the precision processing technology they have accumulated through the production of bearings, they have succeeded in diversifying their business such as automobile parts, precision machine parts, and electronic application products. As a result, they have the top share in the world for ball screws, the 2nd share for linear guides, and the 2nd share for electric power steering for automobiles. In addition,「NSK」was only Japanese company that was selected by “Global 100 Most Sustainable Companies” at the World Economic Forum Annual Meeting twice in 2006 and 2008 in the machinery field.
3. Major Business
■ Vehicle-related parts such as bearings and electric power steering
■ Precision machine parts such as ball screws and linear guides
■ Mechatronics products such as megatorque motors
4. Financial information
※Unit is JPY million
|
2016 |
2017 |
2018 |
|
Consolidated sales |
949,170 |
1,020,338 |
991,365 |
|
Consolidated operating profit |
65,341 |
97,875 |
79,279 |
|
Consolidated total assets |
1,043,955 |
1,092,310 |
1,086,456 |
|
Consolidated net assets |
485,011 |
561,014 |
560,400 |
|
Breakdown of sales |
Industrial machine related business |
226,924 |
266,249 |
269,974 |
Vehicle related business |
696,271 |
723,564 |
689,658 |
|
Others |
25,974 |
30,524 |
31,732 |
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