NSK develops new bearings for new technologies and industries
NSK Ltd. research and development expenses increased since 2016, though have slightly declined since 2018. The company invests approximately 3.0% to 4.0% of sales on technology to support research and development. 79.5% of new employees possess some background in science, many of whom work at the company’s 21 research and development centers. NSK develops innovative solutions for crucial industries such as semiconductor production, wind turbines, industrial robots and industrial drones. Technology moves quickly but hasn’t found a replacement for ball bearings, yet. The company is well positioned to supply fast growing industries around the world.
Balance Sheet|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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