Overview
Machinery

NSK Ltd.

NSK Ltd. is a global leader in the development, manufacturing, and sales of bearings (ball bearings, roller bearings, precision bearings), linear motion products (ball screws, linear guides, mega-torque motors), and automotive components (hub unit bearings, needle bearings, automatic transmission components). The company serves a broad range of industries including automotive OEMs, machine tool manufacturers, wind turbine producers, semiconductor equipment makers, and general industrial machinery customers worldwide. NSK differentiates itself through its engineering expertise, condition monitoring solutions (with over 40,000 units installed globally), and a comprehensive global manufacturing and sales network spanning the Americas, Europe, China, and ASEAN.

Market Cap
¥484B
US$3.09B
EV
¥563B
US$3.59B
Stock¥988.8▼-0.62%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.3
x
LTM EV/EBIT
11.1
x
LTM PER
15.4
x
LTM PBR
0.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+2.4%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 4, 26Strong earnings announcement
2Mar 4, 26Post-earnings profit taking
3Mar 9, 26Continued post-earnings adjustment
MC → EV Bridge
484BUS$3.09BMarket Cap241BUS$1.54B+ Debt157BUS$1,000M− Cash24.5BUS$156M− Inv. Sec.19.6BUS$125M+ NCI563BUS$3.59BEV
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Performance & Balance
Revenue 5Y (¥B)
865US$5.52B'22/3938US$5.98B'23/3789US$5.03B'24/3797US$5.08B'25/3912US$5.81B'26/3
EBITDA 5Y (¥B)
86.0US$548M'22/391.3US$582M'23/381.5US$520M'24/380.9US$516M'25/393.9US$599M'26/3
Net Income 5Y (¥B)
16.6US$106M'22/318.4US$117M'23/38.50US$54.2M'24/310.6US$67.9M'25/322.9US$146M'26/3
Capital Structure
74%
26%
EquityD/E 0.35xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
138US$877M279US$1.78B'22/3160US$1.02B295US$1.88B'23/3151US$960M257US$1.64B'24/3138US$882M242US$1.55B'25/3142US$906M241US$1.54B'26/3
Shareholders
Top 10 hold 44.8%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
13.86%
2
Custody Bank of Japan, Ltd. (Trust Account)
5.74%
3
Meiji Yasuda Life Insurance Company
5.53%
4
Fukoku Mutual Life Insurance Company
4.49%
5
Nippon Life Insurance Company
4.41%
6
Mizuho Bank, Ltd.
2.73%
7
NSK Ltd. Business Partners' Stock Ownership Association
2.27%
8
STATE STREET BANK AND TRUSTCOMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
2.26%
9
NSK Ltd. Employee Stock Ownership Association
1.77%
10
Custody Bank of Japan, Ltd. (Trust Account E)
1.76%
Management
9 officers
Akitoshi ICHII
Director
Apr 1986 Joined the Company Dec 2008 Deputy General Manager, Automotive Bearings Division, Automotive Business Headquarters Jun 2012 General Manager, India Jun 2015 Executive Officer, Deputy General Manager, Corporate Planning Headquarters Jun 2016 General Manager, Corporate Planning Headquarters, in charge of Asia Apr 2017 Executive Managing Officer Jun 2017 Director (current) Apr 2019 Representative Executive Officer, Senior Managing Executive Officer, Assistant to the President, in charge of Administration and IR Office Jun 2019 Member, Remuneration Committee Apr 2020 In charge of Europe and the Americas Apr 2021 Representative Executive Officer, President and CEO (current) Jun 2021 Member, Nomination Committee (current)
1963-05-08
Keita SUZUKI
Director
Apr 1987 Joined the Company Jun 2015 General Manager, Group Management Department, Finance Headquarters Apr 2018 Executive Officer, Deputy General Manager, Finance Headquarters Apr 2019 Deputy General Manager, Corporate Planning Headquarters Apr 2020 Executive Managing Officer, General Manager, Finance Headquarters Apr 2023 Representative Executive Officer, Senior Managing Executive Officer, CFO (current) Jun 2023 Director (current); Member, Remuneration Committee (current) Jan 2026 General Manager, Digital Transformation Headquarters (current)
1965-03-11
Kenichi YAMANA
Director
Apr 1986 Joined the Company Jun 2013 General Manager, Consolidated Accounting Department, Finance Headquarters Jun 2015 Executive Officer, Deputy General Manager, Finance Headquarters; Deputy in charge of IR and CSR Office Jun 2016 Deputy in charge of IR Office Apr 2018 Executive Managing Officer, General Manager, ASEAN Apr 2021 Officer Jun 2021 Director (current); Member, Audit Committee Jun 2025 Chairman of the Board of Directors (current)
1962-01-04
Ruriko YOSHIDA
Director
Jul 1991 Joined the Company Jun 2015 Deputy General Manager, Group Management Department, Finance Headquarters Apr 2018 General Manager, Corporate Human Resources Department, Human Resources Management Headquarters Apr 2021 Executive Officer, Deputy General Manager, Corporate Planning Headquarters Apr 2022 Executive Officer, General Manager, Legal and Compliance Headquarters Apr 2024 General Manager, Internal Audit Department Apr 2025 Executive Officer Jun 2025 Director (current); Member, Audit Committee (current)
1968-12-09
Nobuhide HAYASHI
Director
Apr 1980 Joined Fuji Bank, Ltd. Apr 2007 Executive Officer, General Manager, Corporate Business Division XIII, Mizuho Corporate Bank, Ltd. Apr 2009 Managing Executive Officer, in charge of Corporate Business, Mizuho Corporate Bank, Ltd. Jun 2011 Managing Executive Officer, Head of International Banking Unit, Mizuho Corporate Bank, Ltd. Apr 2013 Deputy President and Executive Officer, in charge of International Unit, Mizuho Financial Group, Inc. Apr 2013 Deputy President and Executive Officer, in charge of MHCB International Unit Liaison, Mizuho Bank, Ltd. Apr 2013 Deputy President, in charge of International Unit, Mizuho Corporate Bank, Ltd. Jun 2013 Director and Deputy President, in charge of International Unit, Mizuho Financial Group, Inc. Jul 2013 Director and Deputy President, in charge of International Unit, Mizuho Bank, Ltd. Apr 2014 President and Director, Mizuho Bank, Ltd. Apr 2017 Chairman and Director, Mizuho Bank, Ltd. Apr 2019 Senior Adviser, Mizuho Bank, Ltd. Apr 2023 Adviser, Mizuho Financial Group, Inc. (current) Jun 2024 Director (current); Chairman, Remuneration Committee (current)
1957-03-27
Sayoko IZUMOTO
Director
Mar 1976 Joined Tohmatsu & Aoki Audit Corporation (currently Deloitte Touche Tohmatsu LLC) Mar 1979 Registered as Certified Public Accountant Jul 1995 Partner, Audit Corporation Tohmatsu (currently Deloitte Touche Tohmatsu LLC) Jan 2015 Member, Information and Communications Council, Ministry of Internal Affairs and Communications Jul 2016 Resigned from Deloitte Touche Tohmatsu LLC Aug 2016 Representative, Izumoto Certified Public Accountant Office (current) Apr 2017 Member, Information Disclosure and Personal Information Protection Review Board, Ministry of Internal Affairs and Communications Jun 2022 Director (current); Chairperson, Audit Committee (current)
1953-07-08
Kazuo FUJITSUKA
Director
Apr 1977 Joined Komatsu Ltd. Jun 2001 General Manager, Administration Department, Komatsu Ltd. Apr 2005 Executive Officer, Komatsu Ltd. Apr 2008 Executive Officer, Head of Global Retail Finance Business Division, Komatsu Ltd. Feb 2009 Executive Officer, General Manager, Corporate Planning Office, and Head of Global Retail Finance Business Division, Komatsu Ltd. Apr 2010 Managing Executive Officer, Komatsu Ltd. Apr 2011 CFO, Komatsu Ltd. Jun 2011 Director and Managing Executive Officer, Komatsu Ltd. Apr 2013 Director and Senior Managing Executive Officer, Komatsu Ltd. Apr 2016 Representative Director and Executive Vice President, Komatsu Ltd. Apr 2019 Director, Komatsu Ltd. (retired Jun 2019) Jun 2023 Director (current); Member, Nomination Committee Jun 2026 Chairman, Nomination Committee (current)
1955-03-13
Akira KASHIMA
Director
Oct 1985 Joined Asahi Shinwa Audit Corporation (currently Azusa Audit LLC) Mar 1989 Registered as Certified Public Accountant Aug 2002 Joined Bearingpoint K.K. Jul 2009 Partner, PricewaterhouseCoopers Consulting Co., Ltd. Jul 2012 Head of Consulting Division, PricewaterhouseCoopers Consulting Co., Ltd. Jul 2015 Representative Director, PricewaterhouseCoopers Consulting Co., Ltd. Mar 2016 Representative Executive Officer, PwC Consulting LLC Jul 2016 Chairman and Representative Executive Officer, PwC Consulting LLC Jul 2020 Chairman, PwC Consulting LLC (retired Jun 2024) Jul 2020 Executive Officer, PwC Arata LLC (currently PwC Japan LLC) (retired Jun 2024) Jul 2024 Representative, Kashima Certified Public Accountant Office (current) Jun 2025 Director (current); Member, Audit Committee (current); Member, Remuneration Committee (current)
1964-03-02
Tokuaki KIYOTA
Director
Apr 1984 Joined Toto Ltd. (currently TOTO Ltd.) Apr 2010 Executive Officer, General Manager, Restroom Business Division, TOTO Ltd. Apr 2012 In charge of Restroom Business Division, TOTO Ltd. Jun 2012 Director and Managing Executive Officer, TOTO Ltd. Apr 2014 Director and Senior Managing Executive Officer, in charge of Restroom Business Division and Equipment & Faucet Business Division, TOTO Ltd. Apr 2015 In charge of Equipment & Faucet Business Division, Systems Products Group, TOTO Ltd. Apr 2016 Representative Director and Vice President Executive Officer, TOTO Ltd. Apr 2017 Representative Director and Vice President Executive Officer, TOTO Ltd. (in charge of business divisions management) Apr 2018 Representative Director and Vice President Executive Officer, TOTO Ltd. (in charge of business divisions management, R&D and Technology) Apr 2020 Representative Director, President and Executive Officer, TOTO Ltd. Apr 2021 Representative Director, President and Executive Officer, TOTO Ltd. (in charge of digital innovation promotion, global business promotion, corporate planning, internal audit, secretariat) Apr 2024 Representative Director, President and Executive Officer, TOTO Ltd. (in charge of digital innovation promotion, corporate planning, internal audit, secretariat) Apr 2025 Representative Director, Chairman, TOTO Ltd. (current); Chairman of the Board of Directors, TOTO Ltd. (current) Jun 2026 Director (current); Member, Nomination Committee (current)
1961-10-08
Large Shareholding Reports
Goldman Sachs Asset Management, L.P.
2026-10-22
2.13%→2.13%
Nomura Asset Management Co., Ltd.
2026-04-22
4.81%→5.75%
Amova Asset Management Co., Ltd.
2025-09-19
3.36%→3.59%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-22
Large Shareholding Report
TDnetAmended
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
TDnet
2026-07-30
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-22
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-04-22
Large Shareholding Report
TDnet
2026-02-03
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-08-07
Securities Registration Statement
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-23
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-06
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-29
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-06
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-08
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-04
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-06
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-04
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
EDINET
2022-02-07
Quarterly Securities Report
EDINET
2021-11-08
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-08
Quarterly Securities Report
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