NSK 2015 Sales Jump, Profit Nearly Doubles

General machinery sales in the Americas helped boost NSK's Industrial Machinery segment almost 14 percent in the year.

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Osaka, Japan-based bearings manufacturer NSK reported its 2015 full year fiscal results on Monday for the period ended March 31.

Total sales were $8.1 billion, an 11.8 percent increase over 2014. Net income nearly doubled to $516.3 million, a 98.8 percent increase.

In its Industrial Machinery segment, net sales were $2.3 billion, up 13.7 percent year-over-year, while NSK's Automotive segment sales of $5.5 billion were up 11.3 percent.

NSK is forecasting its 2016 total net sales to increase 13.0 percent.


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