NSK : Notice Concerning Partial Refunding of Retirement Benefit Trust
April 24, 2023 at 12:07 am EDT
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As a result of the refund, a portion of unrecognized actuarial gains and losses arising from changes in the amount of trust assets will be temporarily amortized, and we expect to record an extraordinary gain of approximately 10 billion yen in our non-consolidated financial statements for the fiscal year ending March 31, 2024. (There will be no impact on the consolidated statement of income for the fiscal year ending March 31, 2024.)
The amount of extraordinary gains related to the partial refund of the retirement benefit trust will be determined at the time of the refund and may change in the future.
NSK Ltd. published this content on 24 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 April 2023 04:06:00 UTC.
NSK Ltd. specializes in manufacturing and marketing high precision industrial equipments and components. Net sales break down by family of products as follows:
- automotive equipments (55.8%): transmission systems, steering system, needle bearings, etc.;
- industrial machine bearings (40%). The group also provides precision components and machines;
- other (4.3%).
At the end of March 2022, NSK had 66 production sites worldwide.
Net sales break down geographically as follows: Japan (36.7%), China (21%), Asia (14.9%), the Americas (14.5%) and Europe (12.9%).
NSK LTD 
