NGK Insulators (5333) Q1 2027 earnings summary

Executive summary

• Net sales rose 10.6% year-over-year to ¥184,147 million, driven by strong demand in automotive and semiconductor sectors and yen depreciation.

• Operating income increased 37.2% year-over-year to ¥32,631 million, with ordinary income up 38.3% to ¥33,724 million.

• Net income attributable to owners of the parent surged 64.1% year-over-year to ¥29,374 million, aided by lower income tax expenses from electronics business restructuring.

Financial highlights

• Gross profit for the quarter was ¥60,834 million, up from ¥47,631 million year-over-year.

• Net income per share increased to ¥103.26 from ¥61.07 year-over-year.

• Comprehensive income more than doubled to ¥44,157 million, reflecting strong operational and other comprehensive gains.

Outlook and guidance

• Full-year forecasts remain unchanged: net sales projected at ¥710,000 million (+6.0%), operating income at ¥107,000 million (+12.6%), and net income at ¥82,000 million (+36.8%) for the fiscal year ending March 31, 2027.

• Interim dividend forecast is ¥53.00 per share, with a full-year total of ¥106.00 per share.