NGK Insulators Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2018; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2018
January 29, 2018
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NGK Insulators Ltd. reported consolidated earnings results for the nine months ended December 31, 2017. For the period, the company reported net sales of JPY 332,394 million compared to JPY 293,345 million a year ago. Operating income was JPY 54,934 million compared to JPY 49,834 million a year ago. Ordinary income was JPY 53,187 million compared to JPY 49,544 million a year ago. Profit attributable to owners of the parent was JPY 33,560 million compared to JPY 34,754 million a year ago. Net income per diluted share was JPY 104.15 compared to JPY 107.38 a year ago. Income before income taxes and non-controlling interest was JPY 48,802 million compared to JPY 47,041 million a year ago.
The company provided consolidated earnings guidance for the full year ending March 31, 2018. For the year, the company expects net sales of JPY 440,000 million, operating income of JPY 70,000 million, ordinary income of JPY 70,000 million and profit attributable to owners of parent of JPY 46,000 million or JPY 143.00 per share.
The company provided dividend guidance for the fiscal year ending March 31, 2018. For the year, the company expects cash dividend of JPY 23 per share compared to JPY 20 per share paid 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, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2018; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2018
NGK INSULATORS, LTD 
