NTN introduces new 3-year medium-term management plan

June 27, 2024

On May 31, NTN held an online briefing to announce its new three-year medium-term management plan, “Drive NTN100 Final,” targeting the fiscal year ending March 2027.

Overview of the New Management Plan

NTN’s new medium-term management plan, “Drive NTN100 Final,” is the concluding phase of the medium-term plan initiated in fiscal 2018. The plan aims to consolidate the bearing business, expand the aftermarket parts business, and strengthen the competitiveness of the OEM business. In the automotive parts business, NTN plans to streamline and consolidate its production bases in Europe to reduce labor costs.

The targets for the fiscal year ending March 2027 are as follows:

– Net sales: JPY 830 billion
– Operating income: JPY 50 billion (6.0% operating margin)
– Net income: JPY 21.5 billion
– Return on invested capital (ROIC): 6.2%
– Return on equity (ROE): 8.0%

“The previous medium-term management plan was hampered by the U.S.-China trade war and the impact of the COVID-19 pandemic,” said Eiichi Uka, President and CEO (photo). “We are determined to complete the revitalization of NTN that we could not achieve with the previous plan.”