NGK Insulators Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2015; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2016
October 29, 2015
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NGK Insulators Ltd. announced consolidated earnings results for the six months ended September 30, 2015. For the period, the company reported net sales of ¥210,582 million, operating income of ¥41,331 million, ordinary income of ¥40,261 million, net income of ¥27,488 million or net income per diluted share of ¥84.18 compared to net sales of ¥168,013 million, operating income of ¥28,764 million, ordinary income of ¥26,874 million, net income of ¥20,097 million or net income per diluted share of ¥61.44 for the same period last year. Income before income taxes and non-controlling interests was ¥40,529 million against ¥27,613 million a year ago. Profit attributable to owner of parent was ¥27,488 million against ¥20,097 million a year ago.
For the fiscal year ending March 31, 2016 on consolidated basis, the company expected net sales of ¥430,000 million, operating income of ¥72,000 million, ordinary income of ¥74,500 million, profit attributable to owner of parent of ¥51,000 million and profit per share of ¥156.18.
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. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2015; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2016