Release: January 31, 2014
|Company Name:||NGK INSULATORS, LTD.|
|Stock Exchange Listings:||Tokyo and Nagoya|
|Representative:||Taro Kato (Mr.)|
|Contact:||Hideaki Shindo (Mr.)|
Finance & Accounting Department
NGK INSULATORS, LTD. (NGK) hereby announces that it has posted impairment loss in the nine-month period of the fiscal 2013 as follows.
NGK has posted impairment loss (5,014 million yen) on fixed assets (buildings and pruduction facilities, etc) of the insulator sector which NGK and its group companies own, in consideration of future planning based on the current business environment.
The above impairment loss is reflected in the consolidated busines forecasts in the "Summary of Consolidated Financial Results for the Nine Months ended Decomber 31, 2013", which is announced today.
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.