Full Year 2025 NSK Ltd Earnings Call Transcript
Good afternoon. This is Akitoshi Ichii, President and CEO of NSK. Thank you for joining our financial conference. I will report the full year results, forecast, and progress in the mid-term management plan and future policy for the steering business.
Let's begin on page 4, which shows the key points of the financial results for the fiscal year ending March 31, 2025, or fiscal 2024. As explained on the slide, we posted a year on year increase in both sales and profits and recorded JPY4.6 billion in restructuring expenses. We finished the year with sales of JPY796.7 billion, and operating income of JPY28.5 billion, or JPY36.4 billion, excluding one-time items.
Below the results, we have a summary of the full year forecast for this fiscal year, fiscal 2025. In this uncertain economic environment, we have assumed that volume will remain flat from the previous year. In addition, we have adopted a policy of passing on the impact of additional tariffs in the US to sales prices.
We also expect the yen
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