NTN Corp. reported consolidated and non-consolidated earnings results for the year ended March 31, 2013. For the year, on consolidated basis, the company's net sales were ¥539,594 million compared with ¥543,468 million a year ago. Operating income was ¥7,278 million compared with ¥20,723 million a year ago. Ordinary income was ¥2,512 million compared with ¥18,691 million a year ago. Net loss was ¥14,195 million or ¥26.69 per share compared with net income of ¥5,993 million or ¥11.27 per share a year ago. Return on equity was negative at 7.2% compared with return on equity of 3.0% a year ago. As on March 31, 2013, the company's net assets per share was ¥375.84. Cash flows from operating activities were ¥20,505 million compared with ¥17,052 million a year ago. Purchase of property, plant and equipment was ¥55,244 million compared with ¥49,102 million a year ago. Purchase of intangible fixed assets was ¥1,535 million compared with ¥1,093 million a year ago. Total extraordinary losses were ¥19,932 million compared with ¥3,535 million a year ago. Loss before income taxes and minority interests was ¥13,897 million compared with income before income taxes and minority interests of ¥16,357 million a year ago. For the year, on non-consolidated basis, the company's net sales were ¥318,406 million compared with ¥339,197 million a year ago. Operating income was ¥3,441 million compared with operating loss of ¥1,621 million a year ago. Ordinary income was ¥8,800 million compared with ¥4,603 million a year ago. Net loss was ¥14,502 million or ¥27.27 per share compared with net loss of ¥324 million or ¥0.61 per share a year ago. As on March 31, 2013, the company's net assets per share was ¥287.25. For the first half ending September 30, 2013, the company forecasts net sales of ¥294,000 million, operating income of ¥9,000 million, ordinary income of ¥5,500 million, and net income of ¥500 million or ¥0.94 per share. For the year ending March 31, 2014, the company forecasts net sales of ¥600,000 million, operating income of ¥30,000 million, ordinary income of ¥23,000 million, and net income of ¥10,000 million or ¥18.80 per share.

NTN Corp. announced that they will report fiscal year 2013 results on May 15, 2013

NTN Corp. has developed the thin and lightweight Hollow Ball Screw Unit designed for the electrification of various vehicle actuators. Continuously Variable Transmissions (hereafter, CVT1) have been increasingly used as vehicle transmissions in recent years, and feature oil-hydraulic pumps for the drive mechanism that adjusts the width of pulleys. Yet oil-hydraulic CVTs suffer from major energy loss during operation, and suffer from issues when trying to use more compact designs. Electronically controlled CVTs offer more precise gear control than oil-hydraulic CVTs and use slide screws for the drive mechanism, yet these slide screws consumed a large quantity of electricity due to their low thrust conversion efficiency. The Hollow Ball Screw Unit developed by NTN uses a ball screw with a low rolling resistance to deliver double the thrust conversion efficiency, while the hollow screw shaft means they can be positioned along the same axis as the CVT pulley mechanism. Cutting out a screw groove and ball circulation groove from the hollow screw shaft at the same time eliminates the need for the separate deflector material that includes an S-shaped ball circulation groove installed on the nut side. The nut can be designed thinner and more lightweight without this deflector. As a result of these improvements, using the Hollow Ball Screw Unit for the drive mechanism of electronically controlled CVT help to reduce energy and electronic losses due to pulley operation, and also allow CVTs to become more compact by using a layout on the same axis. It also contributes to a lighter weight and more fuel efficient operation of vehicles.