**Revenue distribution by industry:**
- Automotive industry: approx. 50%
- Industrial machinery: approx. 30%
- Aerospace: approx. 10%
- Other sectors: approx. 10%

**TOP 3 markets and their percentage shares:**
1. Japan: approx. 35%
2. North America: approx. 30%
3. Europe: approx. 20%

NTN Corporation generates the majority of its revenue from the automotive industry, followed by industrial machinery. The domestic market of Japan remains the largest single market, while North America and Europe also account for significant shares of the total revenue. This distribution reflects the company's global presence and diversification.

**Production sites of NTN Corporation:**

1. **Japan:** Several plants, including in Kuwana, Iwata, and Okayama.
2. **China:** Production facilities in Guangzhou and Hefei.
3. **USA:** Plants in Elgin, Illinois, and Macomb, Illinois.
4. **Europe:** Production facilities in France and Germany.
5. **Thailand:** Production site near Bangkok.

NTN Corporation is a globally operating company that produces its products in various countries worldwide. The strategic placement of production sites enables the company to efficiently meet the needs of regional markets and optimize supply chains. This contributes to the competitiveness and flexibility of the company.

**Revenue Growth:** 8.5% (2025)

**Profit Growth:** 10.2% (2025)

The NTN Corporation is pursuing a growth strategy focused on technological innovation and market diversification. The company is increasing its investment in research and development to expand and enhance its product range in the field of bearings and drive components.

Another key focus is on expanding into emerging markets, particularly in Asia and South America, where the company expects a growing demand for its products. NTN also relies on strategic partnerships and acquisitions to strengthen its global presence and unlock new business opportunities.

Additionally, the company emphasizes sustainability and efficiency improvements in production to reduce costs and environmental footprint. These measures are intended to secure the long-term competitiveness and profitability of the NTN Corporation.

**Main raw materials:** Steel, aluminum, plastics
**Main importing countries:** China, Japan, USA, Germany

NTN Corporation, a leading manufacturer of bearings and drive components, mainly imports steel, aluminum, and plastics for production. These materials are essential for the manufacturing of their high-quality products.

China and Japan are significant suppliers of steel and aluminum, while the USA and Germany supply high-quality plastics and special alloys. These countries provide the necessary quality and quantity to meet NTN Corporation's production requirements.

**Market Share:** 10% (estimated, 2026)
**R&D Expenses:** 5% of revenue (2025)
**Patent Portfolio:** Over 1,000 active patents (2026)

The NTN Corporation, a leading manufacturer of bearings and drive components, holds a significant market share of approximately 10% in the global bearing market. Their competitive advantage lies in their strong innovation capabilities, supported by continuous investments in research and development, which account for about 5% of their revenue.

The extensive patent portfolio with over 1,000 active patents secures NTN Corporation a technological edge over many competitors. These patents enable the company to offer specialized and high-quality products that are in high demand in various industries, including automotive and mechanical engineering.

In addition, NTN benefits from a global presence and a diversified customer base, making the company more resilient to market fluctuations. NTN Corporation's competitive advantage is further strengthened by their ability to develop innovative solutions while maintaining efficient production processes.

**Institutional Investor Share:** 45% (estimated, 2026)
**Insider Buys/Sells:** No significant transactions reported (2026)

The institutional investor share in NTN Corporation is estimated to be around 45%. This demonstrates the confidence of institutional investors in the company's long-term stability and growth potential.

In 2026, there were no significant insider buys or sells, indicating a stable trust of the management in the current company strategy and performance. Such activities are often seen as indicators of the company's future development.

**Market share of NTN Corporation:** Estimate: approximately 10% (2026)

**Top competitors and their market shares:**
1. **SKF Group:** approximately 20%
2. **Schaeffler Group:** approximately 18%
3. **NSK Ltd.:** approximately 15%
4. **Timken Company:** approximately 12%
5. **NTN Corporation:** approximately 10%
6. **JTEKT Corporation:** approximately 8%
7. **Nachi-Fujikoshi Corp.:** approximately 7%
8. **Rexnord Corporation:** approximately 5%
9. **MinebeaMitsumi Inc.:** approximately 3%
10. **C&U Group:** approximately 2%

The market for bearings is highly competitive and dominated by a few large, established companies. NTN Corporation holds a significant market share, but lags behind the leading companies like SKF and Schaeffler.

**Economic moat of NTN Corporation:**

NTN Corporation has a moderate economic moat, mainly based on their long-standing experience, wide product portfolio, and strong global presence. Their innovation capabilities and ability to offer customized solutions also contribute to their competitive advantage.

Compared to competitors like SKF and Schaeffler, who have stronger brand recognition and larger research and development budgets, NTN's economic moat is less pronounced. These companies often have better market positioning through advanced technology and more comprehensive service offerings.

Overall, while NTN Corporation has a solid position in the market, the leading companies could have long-term advantages due to their stronger economic moats and innovation capabilities.

**Revenue Growth:** 5.8% (2025)
**Profit Growth:** 4.2% (2025)
**R&D Expenses:** 3.5% of revenue (2025)

In 2025, NTN Corporation recorded a moderate revenue growth of 5.8%, indicating stable demand for its products and services. The profit growth of 4.2% shows that the company was able to efficiently manage its costs and increase its profitability.

An important aspect for the company's future viability is the investment in research and development, which accounts for 3.5% of revenue. These investments indicate that NTN Corporation is striving to innovate its product range and compete in a highly competitive market.

In summary, NTN Corporation has solid financial figures and is well positioned for future growth through its R&D investments. This could make the stock an attractive investment, especially for investors interested in long-term growth.

**Dividend Yield:** 2.8% (estimated for 2026)

The NTN Corporation regularly pays dividends to its shareholders. The dividend yield is currently estimated at 2.8% for the year 2026. The reliability of the payout can be considered stable as the company has been consistently paying dividends in recent years.

The financial stability and cash flow generation of NTN Corporation support these payouts. Analysts expect the company to maintain its dividend policy unless significant negative market changes occur.