Economic Conditions: Economic growth typically boosts demand for bearings, which is NSK's core product, increasing revenue and stock price. Conversely, recessions decrease demand, negatively impacting the stock. Industry Trends: Automotive, industrial machinery, and infrastructure trends heavily influence NSK. Growth in these sectors increases demand for bearings. Technological advancements like electric vehicles also affect bearing requirements. Company Performance: NSK's financial results, including revenue, profit margins, and earnings per share, directly impact investor confidence and stock price. Positive results usually lead to price increases, while negative results can cause declines. Global Events: Geopolitical events, trade wars, and pandemics can disrupt supply chains, impact raw material costs, and affect overall economic activity, thus influencing NSK's stock price. Currency Fluctuations: As a global company, NSK is exposed to currency risks. Fluctuations in exchange rates can affect the value of its earnings when translated back to Japanese Yen, potentially impacting the stock price. Raw Material Prices: Steel and other raw material costs significantly impact NSK's production costs. Increases in these costs can squeeze profit margins, leading to a lower stock price. Interest Rates: Changes in interest rates influence capital expenditures and investment decisions. Higher interest rates can make it more expensive for businesses to borrow money, potentially reducing demand for NSK's products. Technological Innovation: NSK's ability to innovate and develop new bearing technologies impacts its competitive advantage and future growth prospects, influencing investor sentiment and stock valuation. Government Regulations: Environmental regulations, trade policies, and industry standards can impact NSK's operations, costs, and market access, potentially affecting its stock price. Investor Sentiment: Overall market sentiment and investor risk appetite can influence the demand for NSK's stock. Positive sentiment and increased risk appetite typically lead to higher stock prices, while negative sentiment can cause declines.