NTN CORPORATION (6472) Stock Price

NTN Corporation manufactures and sells bearing products and CVJ axle products primarily for the maintenance market, industrial machinery market, and automotive market. NTN is headquartered in Japan and maintains regional headquarters overseas to oversee business operations in each region. Local subsidiaries in each region independently develop business strategies and expand operations while analyzing profitability and investment efficiency.

NTN's business segments are divided into four regions: Japan, Americas, Europe, and Asia and Other. Domestically, NTN primarily handles manufacturing, with some production outsourced to affiliated manufacturing companies. Sales are also mostly conducted directly by NTN, though some are handled through domestic sales-related companies. Overseas, affiliated manufacturing companies produce goods using semi-finished products supplied by NTN, while sales are managed by NTN and overseas sales-related companies.

Additionally, in December 2024, NTN sold its shares in ASAHI FORGE OF AMERICA CORP. and excluded the company from the scope of equity method accounting. While this change affects NTN's business structure, the company continues to maintain competitiveness in global markets and strengthen business operations across each region.

NTN Corporation is committed to realizing a "smooth society" based on its corporate philosophy. This vision represents a society where people and nature coexist in harmony, and people can live safely and prosperously. NTN aims to contribute to the international community through the creation of innovative technologies and the provision of high-value-added technologies and services.

NTN's medium-term management plan "DRIVE NTN100" Final aims to accelerate business structure transformation and complete NTN's revitalization. The plan promotes the integration of digital technology and management resources, production restructuring, and the establishment of corporate values centered on safety, quality, legal compliance, cost and cash management, and delivery and development timelines.

NTN has established a long-term vision through fiscal year 2035, targeting a transformation toward a stable earnings structure supported by both OEM and aftermarket repair businesses. Through this transformation, NTN aims to achieve sustained ROE exceeding the cost of shareholder capital despite economic fluctuations, achieve carbon neutrality, develop a skilled workforce, and enhance corporate value.

By business segment, NTN is focusing on bearings and other operations, as well as CVJ axle operations. In bearings and other operations, the company is optimizing production capacity allocation between OEM and aftermarket segments while advancing development of new products for electrification and EV applications. In CVJ axle operations, NTN is strengthening its business foundation through design reform and procurement and logistics improvements, while developing differentiated products to meet the EV market.