NGK Insulators (5333) Q1 2026 earnings summary

Executive summary

• Net sales rose 9.1% year-over-year to ¥166,458 million for the quarter ended June 30, 2025, driven by strong performance in Digital Society and Energy & Industry segments.

• Operating income increased 34.7% year-over-year to ¥23,781 million, with net income attributable to owners of the parent up 63.2% to ¥17,899 million.

• Growth was supported by higher sales of semiconductor components, energy storage batteries, and industrial process projects.

Financial highlights

• Gross profit reached ¥47,631 million, up from ¥41,598 million year-over-year.

• Ordinary income climbed 44.9% year-over-year to ¥24,380 million.

• Net income per share was ¥61.07, compared to ¥36.80 in the prior year.

• Comprehensive income decreased to ¥20,836 million from ¥31,694 million year-over-year.

Outlook and guidance

• Full-year forecasts remain unchanged: net sales of ¥630,000 million (+1.7%), operating income of ¥75,000 million (–7.7%), and net income of ¥55,000 million (+0.1%).

• No revisions to dividend forecasts; annual dividend expected at ¥66.00 per share.

• Management notes forecasts are subject to risks from global economic and geopolitical uncertainties.