NGK Spark Plug Co., Ltd. Reports consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2017; Provides consolidated Earnings Guidance for the Year Ending March 31, 2018
October 29, 2017
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NGK Spark Plug Co., Ltd. reported consolidated earnings results for the second quarter and six months ended September 30, 2017. For the quarter, the company reported net sales of JPY 100.7 billion compared to JPY 89.2 billion a year ago. Operating income was JPY 16.4 billion compared to JPY 10.9 billion a year ago. Ordinary income was JPY 17.6 billion compared to JPY 11.1 billion a year ago. Profit attributable to owners of the parent was JPY 11.3 billion compared to JPY 8.0 billion a year ago.
For the six months period, the company reported net sales of JPY 198,559 million compared to JPY 180,310 million a year ago. Operating income was JPY 32,483 million compared to JPY 26,530 million a year ago. Ordinary income was JPY 34,762 million compared to JPY 23,002 million a year ago. Profit before income taxes was JPY 32,147 million compared to JPY 22,522 million a year ago. Profit attributable to owners of the parent was JPY 22,429 million or JPY 105.76 per basic and diluted share compared to JPY 15,464 million or JPY 71.44 per basic and diluted share a year ago. Net cash provided by operating activities was JPY 25,794 million compared to JPY 28,812 million a year ago. Purchase of property, plant and equipment was JPY 18,368 million compared to JPY 19,045 million a year ago. Purchase of intangible assets was JPY 605 million compared to JPY 665 million a year ago.
For the fiscal year ending 31 March 2018, on consolidated basis, the company expects net sales of JPY 408,200 million, operating income of JPY 66,400 million, ordinary income of JPY 70,500 million, profit attributable to owners of the parent of JPY 47,000 million or JPY 221.92 per basic share, depreciation of JPY 20,450 million and capital expenditure of JPY 38,000 million.
Niterra Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of automotive products, ceramic products, and products related to new businesses. The Company has three business segments. The Automobile-related segment is engaged in the manufacture and sale of parts that are mainly assembled into automobiles, such as spark plugs and exhaust gas sensors. The Ceramics segment manufactures and sells cutting tools, industrial equipment components, semiconductor manufacturing equipment components, semiconductor packages, and oxygen concentrators for medical use. The New Business segment is engaged in the manufacture and sale of products related to new businesses such as the environmental energy field. It also sells materials and provides welfare services.
NGK Spark Plug Co., Ltd. Reports consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2017; Provides consolidated Earnings Guidance for the Year Ending March 31, 2018