Producer Manufacturing

NTN Corp.

In the news

US grants nearly 1,000 exemptions from China tariffs Dec 31, 2018
Japan's NTN to supply in-wheel motor tech to Chinese startup Apr 19, 2018
US-linked stocks take beating as market sours on economy Jun 16, 2017
Japan's NTN building axle parts plant in US Mar 17, 2017
Favorable environment encourages corporate bond issues in Japan Feb 22, 2017

Business Summary

NTN Corp. engages in the manufacture and sale of bearings, driveshafts, and precision equipment. It operates through the following business divisions: Industrial Machinery Market, Aftermarket Business, and Automotive Market. The Industrial Machinery Market division offers bearings for construction machineries, rolling stocks, machine tools, agricultural machineries, office equipment, and wind turbines. The Aftermarket division covers aftermarket requirements for general machinery, automotive repair parts, and maintenance repair overhaul operations for mining, steel, paper, and food machineries. The Automotive Market division provides automotive and automotive-related parts such as hub bearings, constant velocity joints, and needle roller bearings. The company was founded by Noboru Niwa and Jiro Nishizono in March 1918 and is headquartered in Osaka, Japan.

Financial Highlights

Mar 2021	JPY	USD
Revenue	562,847M	5,307.00M
Gross Profit	83,820M	790.32M
Operating income	-3,138M	-29.58M
Income before tax	-1,256M	-11.84M
Net income	-11,641M	-109.76M
EBITDA	32,340M	304.92M
Diluted EPS	-21.91	-0.20
Dividends Per Share	0	0
Total Assets	836,563M	7,570.70M
Total liabilities	652,810M	5,907.78M
Total equity	170,527M	1,543.23M
Operating cash flow	36,473M	343.89M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
Revenue	683,328M	744,372M	733,569M	651,956M	562,847M
Gross Profit	135,709M	146,476M	135,193M	104,900M	83,820M
Operating income	35,622M	39,609M	26,946M	7,518M	-3,138M
Income before tax	14,889M	26,905M	2,938M	-33,949M	-1,256M
Net income	2,830M	20,374M	-6,958M	-43,993M	-11,641M
EBITDA	72,298M	77,114M	65,872M	44,824M	32,340M
Diluted EPS	5.33	38.36	-13.10	-82.82	-21.91
Dividends Per Share	10	15	15	5	0
Total Assets	798,891M	839,427M	840,750M	757,822M	836,563M
Total liabilities	553,838M	569,665M	594,343M	589,441M	652,810M
Total equity	229,244M	253,403M	230,155M	156,157M	170,527M
Operating cash flow	62,387M	61,799M	43,224M	43,749M	36,473M

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
Revenue	6,310.31M	6,716.19M	6,615.00M	5,996.33M	5,307.00M
Gross Profit	1,253.22M	1,321.59M	1,219.11M	964.81M	790.32M
Operating income	328.95M	357.37M	242.98M	69.14M	-29.58M
Income before tax	137.49M	242.75M	26.49M	-312.24M	-11.84M
Net income	26.13M	183.82M	-62.74M	-404.62M	-109.76M
EBITDA	667.64M	695.77M	594.00M	412.26M	304.92M
Diluted EPS	0.04	0.34	-0.11	-0.76	-0.20
Dividends Per Share	0.09	0.13	0.13	0.04	0
Total Assets	7,169.44M	7,893.05M	7,595.88M	7,019.79M	7,570.70M
Total liabilities	4,970.27M	5,356.51M	5,369.68M	5,460.06M	5,907.78M
Total equity	2,057.29M	2,382.72M	2,079.36M	1,446.50M	1,543.23M
Operating cash flow	576.12M	557.58M	389.77M	402.37M	343.89M

Valuation Measures

Mar 2021
PER	--
ROA	-1.46%
ROE	-7.12%
Operating margin	-0.55%
Profit margin	-2.06%

Key executives

President, CEO & Representative Director: Eiichi Ukai
Chief Financial Officer & Executive Officer: Tetsuya Sogo
Director, CTO, Executive Officer & Head-Research: Masaki Egami
Executive Officer & General Manager-Personnel: Yasuhiro Kawabata
Manager-Sales & Administration: Yoshiaki Takayama

Shareholders

Nomura Asset Management Co., Ltd. (5.0%)
Mitsubishi UFJ Financial Group, Inc. (4.4%)
Dai-ichi Life Holdings, Inc. (4.3%)
Meiji Yasuda Life Insurance Co. (4.2%)
NTN Kyoeikai Business Association (2.9%)
Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.8%)
Dimensional Fund Advisors LP (2.7%)
Nikko Asset Management Co., Ltd. (2.1%)
NTN Employee Stock Ownership Plan (2.0%)
Daiwa Asset Management Co. Ltd. (2.0%)

Contact Details

Website:http://www.ntn.co.jp
Address: 1-3-17 Kyomachibori, Nishi-Ku, Osaka, 550-0003, Japan
Phone: +81.6.6443.5001

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Competitors

Timken Company
SKF AB Class B
Mianyang Fulin Precision Co., Ltd. Class A

Last Updated on 18 May, 2022