NGK INSULATORS, LTD.


Global menu

  1. Home>
  2. NGK News>
  3. 2013>
  4. July 31, 2013

Main contents.

Release: July 31, 2013

Company Name: NGK INSULATORS, LTD.
Listing Code: 5333
Stock Exchange Listings: Tokyo and Nagoya
Representative: Taro Kato (Mr.)
President
Contact: Hideaki Shindo (Mr.)
General Manager
Finance & Accounting Department
(TEL: +81-52-872-7230)

Notice Regarding Revisions to the Business Forecast for the First Half of Fiscal 2013

NGK INSULATORS, LTD. does hereby advise that it has revised the business forecast for fiscal 2013 announced on May 14, 2013 in light of recent performance trends.

1. Revisions to Business Forecast

Forecast  consolidated financial results for the first half of fiscal 2013
(April 1, 2013 to September 30, 2013)

  Net sales Operating income Ordinary income Net income Net income
per share
Previous forecast (A) Millions of yen Millions of yen Millions of yen Millions of yen Yen
135,000 12,000 10,000 8,000 24.50
Revised forecast (B) 138,000 14,000 14,000 9,000 27.56
Change (B - A) 3,000 2,000 4,000 1,000 3.06
Percentage-change (%) 2.2% 16.7% 40.0% 12.5% -
For Reference: Results from previous year
(fiscal 2012)
121,665 11,330 7,977 1,153 3.53

2. Reasons for revisions

As regards forecast consolidated financial results for the first half of fiscal 2013, net sales, operating income, ordinary income and net income are all expected to surpass the previous forecasts announced on May 14, 2013. The major reasons for the upward revision are steady demand in the Chinese and US markets for automotive products in the Ceramic Products Business Group, recovery of the market for ceramic components in semiconductor manufacturing equipment in the Electronics Business Group and a weaker yen than previously forecast.

The average exchange rates during this period are assumed to be 99 yen to the US dollar and 128 yen to the Euro.

The forecast full-year financial results at this time remain unchanged from those previously forecast due to the existence of many future uncertainties such as the continuing harsh business environment in the Insulators Sector, economic trends in developing nations and the pace of economic recovery in the US. In the event that any revisions to the full-year business forecast are required, NGK will announce those as soon as possible. The exchange rates for the first half year are assumed to be 99 yen to the US dollar and 128 yen to the Euro and those of the second half year are assumed to be 90 yen to the US dollar and 120 yen to the Euro.

Business forecasts are based on information available at the time of the release, but are subject to many uncertainties. Actual results therefore may vary from forecasts due to changes in business conditions and other factors. Your understanding is appreciated.

reference

Consolidated Results - Segment Information
(After Elimination of Inter-Segment Transactions)

(Billions of yen)

  FY 2013
ending September 30, 2013
Reference:
ending March 31, 2014
(announced May 14, 2013)
Previous Forecast Revised Forecast
Total Consolidated Sales 1,350 1,380 2,800
Consolidated Op. Income 120 140 280
Op. Income Ratio 9% 10% 10%
Power Business Consolidated Sales 290 270 620
Consolidated Op. Income (15) (15) (20)
Op. Income Ratio - - -
Ceramic Products Business Consolidated Sales 800 830 1,660
Consolidated Op. Income 130 145 290
Op. Income Ratio 16% 17% 17%
Electronics Business Consolidated Sales 260 280 520
Consolidated Op. Income 5 10 10
Op. Income Ratio 2% 4% 2%

PDF Download

PDFNotice Regarding Revisions to the Business Forecast for the First Half of Fiscal 2013 (PDF:70KB)


NGK News menu

NGK News


Page top

NGK INSULATORS, LTD.