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NGK Insulators (5333) investor relations material
NGK Insulators Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 FY2027 net sales rose 13.8% YoY to ¥371.3bn; operating income increased 43.5% to ¥69.9bn and net income attributable to owners rose 154.7% to ¥60.8bn.
Results benefited from higher sales, yen depreciation, a ¥2.6bn gain on investment securities sales and lower taxes tied to restructuring and subsidiary liquidations.
H1 sales and income exceeded prior first-half records; operating income improved YoY in each business segment.
Financial highlights
Ordinary income rose 50.8% YoY to ¥70.4bn; comprehensive income was ¥54.9bn versus ¥52.4bn a year earlier.
Net income was ¥61.3bn versus ¥24.2bn; diluted EPS was ¥214.37 and basic EPS ¥214.66.
Gross profit increased to ¥124.6bn from ¥95.9bn; cost of sales was ¥246.7bn and SG&A ¥54.7bn.
Total assets were ¥1,237.5bn, down ¥5.9bn from March; net assets rose ¥13.0bn to ¥830.4bn, while liabilities fell ¥18.9bn to ¥407.1bn.
Outlook and guidance
FY2027 forecast revised upward: net sales ¥770bn, operating income ¥130bn, ordinary income ¥126bn and net income attributable to owners ¥100bn.
Revised forecast versus April: sales +¥60bn, operating income +¥23bn, ordinary income +¥21bn and net income +¥18bn; EPS forecast ¥354.02.
Full-year segment forecasts: Environment sales ¥425bn and operating income ¥82bn; Digital Society ¥275bn and ¥41bn; Energy & Industry ¥70bn and ¥7bn.
FY exchange assumptions: ¥155/$ and ¥180/€ average; second-half assumptions ¥150/$ and ¥175/€.
Full-year outlook anticipates ongoing AI-related semiconductor equipment demand and solid automotive product demand, with possible pullback from H1 cost and platinum-price tailwinds.
- Strong profit and sales growth driven by automotive and semiconductor demand.5333
Q1 2027 - Record sales and profit growth led by semiconductors and portfolio transformation, with further gains forecast.5333
Q4 2026 - Strong sales and profit growth, with Digital Society and Environment segments leading gains.5333
Q3 2026 - Record sales and operating income forecast, despite NAS battery exit losses.5333
Q2 2026 - Strong profit growth driven by semiconductor and energy storage demand, with stable outlook.5333
Q1 2026 - Net income surged 42% year-on-year, driven by strong digital and semiconductor demand.5333
Q2 2025 - Net sales up 7.9% year-over-year, but operating income declined 4.9% on higher costs.5333
Q1 2025 - Record sales and profit growth, but FY2025 income faces yen and tariff headwinds.5333
Q4 2025 - Strong profit and sales growth driven by digital and energy segments; outlook steady.5333
Q3 2025
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