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NSK Ltd.

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NSK Ltd. - Automotive showcase

Year Founded & Workforce

1914

140,000 Employees

Industry

AutomotiveB2BB2C

Services

In-Wheel Motor
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NSK Ltd. Employee Contacts

13 verified contactsNames, job titles, seniority and locations

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NSK Ltd. Overview

Company Headquarters: Japan

Founded: 1914

Workforce: ~140,000

Company Working: NSK Ltd. is a global manufacturer and distributor of industrial machinery bearings, automotive goods, and precision machinery and parts. Its products include ball bearings, roller bearings, bearing units, super precision bearings, bearings for the steel industry, mining and construction, papermaking machines, pumps and compressors, and bearings for special environments, such as sanitary, corrosive, vacuum, clean, high-temperature, non-magnetic requirements, and dust-contaminated environments; and bearings for special environments, such as sanitary, corrosive, vacuum, clean, high-temperature, non-magnetic requirements, and dust contaminated environments. Automotive products include chassis components such as electric power steering, steering column and intermediate shafts, and hub unit bearings; power train components such as engine parts and electrical accessories; and drive train components such as automatic and manual transmission, motorcycle and all-terrain vehicle products, and half toroidal CVT POWERT.

It also sells precision machine parts such as ball screws, linear guides, monocarriers, XY tables, and spindles, as well as accessories such as ball screw support bearings, air bearings, and clean grease, as well as support units for heavy and light loads, machine tools, and tiny equipment. Furthermore, the company sells industrial machinery bearings and automotive components, as well as manages and rents real estate properties. It also provides megatorque motors, recruitment services, maintenance and repair services, design, development, sales, and maintenance services for computer systems and networks, insurance agency services, and sells industrial machinery bearings and automotive components. Agriculture, automotive, cement, food processing machinery, industrial motor, gearbox, injection moulding machine, machine tool, medical device, mining and construction, motorcycle, office equipment, palm oil, papermaking machinery, pump and compressor, railway, semiconductor, steel, sugar, and wind turbine industries are among the industries that it serves.

Strategy

Based on its position as an OEM and first tier supplier, NSK has announced its foray into the Independent Automotive Aftermarket (IAM). NSK has designed a systematic aftermarket approach strategy to help the company increase market share as rapidly as possible, while also ensuring that its partners and garage owners become more profitable, efficient, and successful. In terms of overall business growth, NSK aims to maximize sales opportunities coupled with strengthening its supply structure. The company aims to continue its investment in technological advancements for sustainable growth.

Company Snapshot

$8,424.8M

Revenue

140,000

Employees

1914

Founded

Japan

Headquarters

SWOT Analysis

Strengths

  • Strong Revenue Growth
  • Robust growth in home appliances segment
  • Strong demand for semiconductors

Weaknesses

  • Declining Sales prices
  • Industrial Machinery Bearings and Precision Machinery and Parts sales were affected in 2020
  • Automotive components witnessed weak demand

Opportunities

  • Scope for investment in automated, connected, and electrified technologies in the vehicles
  • Collaboration and partnership with strategic players

Threats

  • Exchange rate fluctuations

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Key Developments

DateApproachDevelopment
December 2019Product EnhancementThe third version of NSK's in-wheel motor is the first of its kind in the world, with a complete package that includes the motor, inverter, and wireless charging unit. The W-IWM is a novel wireless in-wheel motor (W-IWM) for the electric vehicle (EV) industry that can charge from road coils while in motion. NSK, the Fujimoto Laboratory at the University of Tokyo's Graduate School of Frontier Sciences, Bridgestone Corporation, ROHM Co Ltd, and Toyo Electric Mfg Co Ltd collaborated on the development of the latest unit.

Product Offering

  • NSK Ltd.
    • In-Wheel Motor

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales fell from USD 8,424.8 Mn in 2017 to USD 8,052.6 Mn in 2020.
NSK Ltd. — By Business Segment
Series (USD Mn)2017201820192020
Sales8,424.89,299.99,121.98,052.6

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