ngk insulators ltd (5333) Snapshot

NGK Insulators Ltd. announced consolidated earnings results for the year ended March 31, 2013. For the period, the company’s net sales were JPY 252,789 million against JPY 248,948 million a year ago. Operating income was JPY 20,695 million against JPY 26,504 million a year ago. Ordinary income was JPY 22,029 million against JPY 29,120 million a year ago. Net income was JPY 11,422 million or JPY 34.98 per basic share against net loss of JPY 35,351 million or JPY 108.27 per basic share a year ago. Diluted net income per share was JPY 34.92. Net cash provided by operating activities was JPY 3,681 million against JPY 13,850 million a year ago. Income before income taxes and minority interests was JPY 17,702 million against loss before income taxes and minority interests of JPY 32,017 million a year ago. Purchases of property, plant and equipment were JPY 31,190 million against JPY 27,767 million a year ago. Purchases of intangible assets were JPY 1,085 million against JPY 1,435 million a year ago. The company provided earnings guidance for the six months ending September 30, 2013. For the period, the company expects net sales of JPY 135,000 million, operating income of JPY 12,000 million, ordinary income of JPY 10,000 million and net income of JPY 8,000 million or JPY 24.50 per share. For the full year ending March 31, 2014, the company expects net sales of JPY 280,000 million, operating income of JPY 28,000 million, ordinary income of JPY 29,000 million and net income of JPY 22,000 million or JPY 67.37 per share.

NGK Insulators Ltd., Board Meeting, May 14, 2013. Agenda: To consider retirement of Shun Matsushita as representative director, subject to approve at its regular general meeting of shareholders to be held on June 27, 2013.

NGK Insulators Ltd., 2013 Earnings Call, May 16, 2013