NGK Insulators, Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2017; Provides Cash Dividend Guidance for the Year of Fiscal 2017
February 02, 2017 at 04:39 am EST
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NGK Insulators Ltd. reported consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of JPY 293,345 million compared to JPY 310,306 million a year ago. Operating income was JPY 49,834 million compared to JPY 60,864 million a year ago. Ordinary income was JPY 49,544 million compared to JPY 60,907 million a year ago. Profit attributable to owners of the parent was JPY 34,754 million compared to JPY 38,898 million a year ago. Net income per diluted share was JPY 107.38 compared to JPY 118.90 a year ago. Income before income taxes and non-controlling interest was JPY 47,041 million compared to JPY 55,280 million a year ago.
The company provided consolidated earnings guidance for the full year ending March 31, 2017. For the year, the company expects net sales of JPY 400,000 million, operating income of JPY 63,000 million, ordinary Income of JPY 64,000 million and profit attributable to owners of parent of JPY 35,000 million or JPY 108.44 per share.
The company provided cash dividend guidance for the year of fiscal 2017. For the year end, the company expects cash dividend of JPY 20 per share compared to JPY 20 per share 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. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2017; Provides Cash Dividend Guidance for the Year of Fiscal 2017
NGK INSULATORS, LTD 
