NGK Insulators, Ltd. Announces Consolidated Earnings Results for the Year Ended March 31, 2020
November 10, 2020 at 10:30 am EST
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NGK Insulators, Ltd. announced consolidated earnings results for the year ended March 31, 2020. For the year, the company reported Net Sales were ¥441,956 million against ¥463,505 million a year ago. Operating income was ¥55,001 million against ¥64,706 million a year ago. Net income was ¥26,490 million against ¥35,611 million a year ago. Basic net income per share of common stock was ¥84.73 against ¥110.35 a year ago.
NGK Insulators, Ltd. specializes in the design, manufacturing and marketing of electric and electronic components and equipments. Net sales break down by family of products as follows:
- ceramic products (57.3%): for automotive and industrial applications;
- components and equipment for industrial manufacturing processes (24.2%): components for semiconductor manufacturing equipment, corrosion-resistant ceramic apparatuses for chemical industries, gas analyzer, industrial heating systems, refractory products and radioactive waste treatment systems;
- electronic components (10.5%): especially for semiconductors manufacturing and special metals processing;
- electric equipments (8%): insulators and electric devices, batteries for electric power storage, etc.
Net sales break down geographically as follows: Japan (24.5%), Asia (30.4%), North America (21.7%), Europe (21.3%) and other (2.1%).
NGK INSULATORS, LTD 
