NGK Insulators : Notice Regarding Revisions to the Dividends Forecast
October 31, 2017 at 05:03 am EDT
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Release: October 31, 2017
Company Name:
NGK INSULATORS, LTD.
Listing Code:
5333
Stock Exchange Listings:
Tokyo and Nagoya
Representative:
Taku Oshima (Mr.)
President
Contact:
Hideaki Shindo (Mr.)
General Manager
Finance & Accounting Department
(TEL: +81-52-872-7230)
NGK INSULATORS, LTD. (NGK) hereby announces that at a meeting of the board of directors held on October 31, 2017, it has decided to revise the year-end dividends per share forecast for fiscal 2017 as detailed below.
1. Reasons for revisions to dividends forecast
NGK views the return of profits to shareholders as one of its most important management policies.
As a basic policy, we strive for shareholder-oriented management that emphasizes return on equity (ROE), and distribute the profits upon comprehensive consideration of factors including business performance and financial position, and future business development.
Due to the strong progress of the consolidated financial results for the six months ended September 30, 2017, thanks to positive effect of the weak yen, an increase in demand for ceramic components for semiconductor manufacturing equipment, and other factors, NGK has decided to increase its year-end dividends forecast by 2 yen per share to 23 yen per share from the previous forecast (44 yen per share for the full-year).
2. Contents of revisions
Annual Dividends (Yen)
Interim
Year-end
Total
Previous forecast
(April 28, 2017)
21.00
21.00
42.00
Revised forecast
-
23.00
44.00
Results for Current Period
-
-
-
Results for Previous Period
(fiscal 2016)
20.00
20.00
40.00
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Notice Regarding Revisions to the Dividends Forecast(PDF:22KB)
NGK Insulators Ltd. published this content on 31 October 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 October 2017 09:02:05 UTC.
Original documenthttp://www.ngk.co.jp/english/news/2017/1031.html
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NGK Insulators, Ltd. specializes in the design, manufacturing and marketing of electric and electronic components and equipments. Net sales break down by family of products as follows:
- ceramic products (57.3%): for automotive and industrial applications;
- components and equipment for industrial manufacturing processes (24.2%): components for semiconductor manufacturing equipment, corrosion-resistant ceramic apparatuses for chemical industries, gas analyzer, industrial heating systems, refractory products and radioactive waste treatment systems;
- electronic components (10.5%): especially for semiconductors manufacturing and special metals processing;
- electric equipments (8%): insulators and electric devices, batteries for electric power storage, etc.
Net sales break down geographically as follows: Japan (24.5%), Asia (30.4%), North America (21.7%), Europe (21.3%) and other (2.1%).
NGK INSULATORS, LTD 
