NSK Ltd. Revises Earnings Forecast Higher on AI-Driven Demand

NSK Ltd. (TSE:6471), a leading bearing and precision machinery manufacturer, raised its consolidated earnings guidance for the fiscal year ending March 2027 following stronger-than-expected first-quarter results driven by artificial intelligence-related capital investment.

ItemBeforeAfterChange
RevenueJPY 490.0bnJPY 514.0bn+4.9%
Operating ProfitJPY 18.0bnJPY 26.0bn+44.4%
税引前中間利益JPY 17.0bnJPY 25.0bn+47.1%
親会社の所有者に帰属する中間利益JPY 9.50bnJPY 15.2bn+60.0%
基本的1株当たり中間利益JPY 19.41/shareJPY 31.06/share+JPY 11.65/share

For the full fiscal year, NSK lifted revenue guidance by JPY 40.0bn to JPY 1,040.0bn and operating profit by JPY 8.0bn to JPY 50.0bn. The company attributed the upward revision to robust demand from semiconductor manufacturing equipment and machine tool sectors, underpinned by accelerating AI-related investments. Additionally, favorable foreign exchange movements—with the yen trading weaker than initially assumed—provided a tailwind. Management expects industrial machinery operations to maintain momentum through the second half, with assumed exchange rates of 155 yen per dollar and 180 yen per euro.

The revision underscores NSK’s exposure to cyclical strength in capital equipment markets tied to AI infrastructure buildout. Notably, operating profit growth significantly outpaced revenue expansion, with mid-term operating profit surging 44.4% while revenue rose 4.9%, signaling improved operational leverage and margin expansion. Full-year net profit attributable to parent company shareholders is now projected at JPY 29.0bn, up 20.8% from the prior forecast. For investors tracking Japan’s industrial machinery sector, the revision reflects broader momentum in semiconductor and automation equipment demand.

Source: Original filing (TDnet) | 日本語版

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