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NTN ( (JP:6472) ) has provided an update.
NTN Corporation reported consolidated net sales of ¥603.3 billion for the first three quarters of FY2025, down ¥12.2 billion year on year, while operating income rose ¥5.1 billion to ¥19.3 billion, maintaining an operating margin of 3.2%. In the bearings and other products segment, higher demand in industrial machinery and the aftermarket lifted sales to ¥251.8 billion, but operating income fell to ¥6.7 billion as declining automotive demand in Japan and adverse scale effects, including inventory valuation, outweighed selling price improvements and variable cost reductions. The CVJ/axle business saw sales decline to ¥351.5 billion amid weaker demand in the Americas, Europe and China and ongoing semiconductor shortages, yet operating income improved to ¥12.6 billion thanks to cost reductions and the successful pass-through of U.S. tariffs into selling prices. NTN kept its full-year FY2025 forecast unchanged at ¥805.0 billion in net sales and ¥26.0 billion in operating income, and reported continued progress on structural reforms, which are contributing to profit improvements and are expected to deliver further benefits versus FY2023.
The most recent analyst rating on (JP:6472) stock is a Hold with a Yen389.00 price target. To see the full list of analyst forecasts on NTN stock, see the JP:6472 Stock Forecast page.
More about NTN
NTN Corporation is a Japanese manufacturer specializing in bearings, constant velocity joints (CVJs), axles and related components, serving automotive, industrial machinery and aftermarket segments worldwide.
Average Trading Volume: 3,691,688
Technical Sentiment Signal: Buy
Current Market Cap: Yen219.6B
For detailed information about 6472 stock, go to TipRanks’ Stock Analysis page.