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Producer Manufacturing

NTN Corp.

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 JPYUSD
Revenue562,847M5,307.00M
Gross Profit83,820M790.32M
Operating income-3,138M-29.58M
Income before tax-1,256M-11.84M
Net income-11,641M-109.76M
EBITDA32,340M304.92M
Diluted EPS-21.91-0.20
Dividends Per Share00
Total Assets836,563M7,570.70M
Total liabilities652,810M5,907.78M
Total equity170,527M1,543.23M
Operating cash flow36,473M343.89M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 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 2017Mar 2018Mar 2019Mar 2020Mar 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

Related Companies

  • NTN Pension Fund
  • Ntn Board Member Incentive Plan
  • NTN Advanced Materials Corp.
  • NTN Manisa Otomotiv Ltd. Sti
  • NTN de Mexico SA
  • Nanjing Puzhen NTN Railway Bearing Co. Ltd.
  • NTN (China) Investment Corp.
  • NTN do Brasil Ltda.
  • Xiangyang NTN-Yulon Drivetrain Co. Ltd.
  • NTN Bearing India Pvt Ltd.
  • NTN-RAB (Changzhou) Corp.
  • NTN-LYC (Luoyang) Bearing Corp.
  • NTN-DONGPAI (Shanghai) Bearing Sales Corp.
  • Shanghai NTN Corp.
  • Nanjing NTN Corp.
  • PT NTN Manufacturing Indonesia
  • NTN NEI Manufacturing India Pvt Ltd.
  • NTN-Sudamericana SA
  • NTN Employee Stock Ownership Plan
  • Seohan-NTN Bearing Co., Ltd.
  • Seohan-NTN Driveshaft USA Corp.
  • NTN Manufacturing (Thailand) Co. Ltd.
  • NTN Bearing-Thailand Co. Ltd.
  • NTN Bearing-Malaysia Sdn.Bhd
  • NTN Bearing Corporation of Canada Ltd.
  • PT Teknindopuri Ampuh Perkasa
  • Ntn Trust
  • NTN do Brasil Producao de Semi-Eixos Ltda.
  • NTN MIE Corp.
  • NTN Bizen Seisakusho KK

Competitors

  • Timken Company
  • SKF AB Class B
  • Mianyang Fulin Precision Co., Ltd. Class A
Last Updated on 18 May, 2022

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