EXECUTIVE SUMMARY: NSK Report
NSK Corporation was established in Tokyo, Japan under the name NSk limited. It later expanded its operations across the world and opened sales offices .It further expanded its capital base by acquiring Ann Arboc Company in 1997, an automotive manufacturer in the United States and across the globe. The NSK initials stand for Neppon Seiko K.K. which was interpreted as Japanese precision company. By the end of financial year 2013 the company’s revenue was s approximately Yen $732.8 billion.
The company is divide into two segments that is the automotive products segment and the Industrial machinery business.
The company engages in manufacturing a wide range of products which include supply of Automotive Original Equipment Manufacturers(OEMs).Other products manufactured include domestic appliances, wind turbines ,electric motors, pumps and compressors, gear boxes, machine tools and injection molding machines. Moreover, the company engages as a supplier to printing industry, food and drink industry, steel, cellulose and paper industry, and handling and automation energy supply.
Vision and mission
NSK values social responsibility as a driver to attaining corporate goals. This is complemented with the company’s vision to advance its technology through adoption of Business based management system where customers are served at the divisional headquarters to enhance responsibility and accountability.
The Company has the highest Japanese Market share and is ranked third globally. It engages in a monopolistic market structure where competition is the norm. The main competitors include FAG and INA from Germany, Sweden’s SKF who occupy a 16% market share each, USA’s Timken and Torringon sharing a 13% slice .NSK, KOYO, NTN, NACHI, NMB and IKO all from Japan boast of a 33% world market share.
Economic, social and Industry Analysis
Ranked at position three globally, the company has a strong economic base with an average of $7.8 billion in revenue. The report includes an in-depth analysis of the company’s adoption of ERP program to enhance its efficiency. The company has created employment opportunities to more than 28500 employees.
Moreover, the Report will analyze the company’s competitive market using the Porter’s Five competitive forces and their economic benefit to the company. Further NSK social responsibility will be discussed and how the society has benefited. The report also discussed the SWOT analysis of the company.
Financial and Technological Capacity
NSK has a strong financial foundation with a future projection of $1 trillion in net sales. The report will analyze the performance of the company and its projections in the future. Company’s implementation of the ERP program and its cost -benefit analysis will feature comprehensively in the report. This will be beneficial to the stakeholders to assess the value of their investment.
Recommendations and Conclusions
The report includes recommendations of how NSK can resolve its challenges to remain competitive in the market. Further it will recommend to the stakeholders on the progress of the company and the role they should play for the company’s earnings to rise and remain competitive.