NGK Insulators (5333) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2025, rose 7.1% year-over-year to ¥487,908 million, driven by strong demand in automotive, semiconductor, and energy sectors.

• Operating income increased 17.0% year-over-year to ¥73,048 million, and ordinary income rose 20.0% to ¥73,721 million.

• Net income attributable to owners of the parent grew 0.3% year-over-year to ¥41,126 million, impacted by ¥16,833 million in business restructuring expenses related to discontinuing NAS battery operations.

Financial highlights

• Gross profit for the period was ¥145,776 million, up from ¥131,931 million year-over-year.

• Comprehensive income surged 104.1% year-over-year to ¥97,088 million, reflecting significant gains in foreign currency translation and securities valuation.

• Net income per share was ¥141.14, compared to ¥138.47 in the prior year.

Outlook and guidance

• Full-year forecasts for FY ending March 31, 2026, remain unchanged: net sales ¥650,000 million (+4.9%), operating income ¥85,000 million (+4.6%), net income attributable to owners of the parent ¥55,000 million (+0.1%), and net income per share ¥189.44.

• No revisions to forecasts announced on October 31, 2025; actual results may differ due to various factors.