QUICK Corp.

Equity Bottom-Up

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Maintaining the company plan. Business operations that focus on full-year operating surplus will continue in 2H
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In 1H, both automobiles and Industrial Machinery were operating loss The consolidated results for 1H of FY3/21 were net sales of JPY315.9bn (-27% YoY) and operating loss of JPY10.6bn (profit of JPY15.8bn in the same period of the previous year). By business, sales of the mainstay Automotive decreased 33% YoY to an operating loss of JPY14.1bn (profit of JPY7.1bn in the same period of…</li>
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Notes: This is translated from our Japanese report issued on 12 Aug 2020.
Plans for full-year OP reduction by 90% or more YoY. Aiming for operating profitability from 3Q
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In 1Q, the Automobile business posted an operating loss due to the impact of COVID-19 In the consolidated financial results for 1H FY3/21, sales were JPY128.9bn (-42% YoY) and operating profit/loss was a loss of JPY12.9bn (in the same period of the previous year, profit of JPY10.3bn). By business, the mainstay Automotive…</li>
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Japan

NSK Ltd. manufactures ball and roller bearings.  The Company's parts are applied in equipment such as precision machinery, electronic devices, and industrial machinery.  NSK also produces automotive products including transmission bearings, power steering systems, and wheel hub units.

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