Quarterly Consolidated Financial Statements in accordance with Japanese GAAP for the six months ended September 30, 2015


NGK SPARK PLUG CO., LTD.

October 30, 2015


Quarterly Consolidated Financial Statements in accordance with Japanese GAAP for the six months ended September 30, 2015


URL

:

http://www.ngkntk.co.jp

Stock listing

:

Tokyo 1st section, Nagoya 1st section

Code number

:

5334

Head office

:

14-18 Takatsuji-cho, Mizuho-ku, Nagoya, 467-8525, Aichi, Japan

Representative : Shinichi Odo, President

Quarterly financial results highlights


For the three months:

Billions of yen Three months ended

2014 2015

Jun.30 Sep.30 Dec. 31 Mar.31 Jun.30 Sep.30


Net sales

84.6

84.4

88.9

89.8

94.0

97.9

Operating income

15.1

14.2

17.3

15.6

17.6

16.4

Ordinary income

15.6

17.2

20.3

14.9

19.2

14.6

Profit attributable to owners of parent

10.1

6.2

13.4

7.0

12.5

0.1


Sales by industry segments:


Spark & glow plugs

41.5

42.3

44.6

44.1

44.1

49.4

Automotive sensors

29.7

28.7

30.5

31.4

33.2

33.0

Automotive components

71.2

71.0

75.2

75.5

77.4

82.4


Semiconductor

6.6

7.2

7.6

8.0

9.9

9.6

Ceramics

5.3

5.3

5.1

5.1

5.6

5.1

Technical ceramics

12.0

12.5

12.7

13.1

15.5

14.7



Operating income ratio:

Percent

Consolidated 17.8 16.8 19.5 17.4 18.7 16.7

By industry segments:

Semicondutor

(38.3)

(26.2)

(12.2)

(19.4)

(7.4)

(10.6)

Ceramics

3.0

2.9

5.7

2.6

4.9

(0.7)

Technical ceramics

(19.9)

(14.0)

(5.0)

(10.8)

(2.9)

(7.2)

Automotive components 24.5 22.5 23.9 22.6 23.3 21.2


Actual exchange rate:


Yen

Yen - U.S. dollar 102 104 115 119 121 122

Yen - Euro 140 138 143 134 134 136

Forecast for the fiscal year ending March 31, 2016


Forecast of fiscal year ending March 31, 2016

Technical ceramics

(Reference) Fiscal year ended

March 31, 2015

Automotive components

Semiconductor

Ceramics


Others


Consolidated

Millions of yen

Net Sales

326,740

38,510

21,690

4,560

391,500

347,636

Operating income

70,720

(3,450)

730

0

68,000

62,196

Ordinary income

69,500

67,907

Profit attributable to

owners of parent


36,000


36,753

Depreciation

14,677

1,008

907

8

16,600

13,337

Capital expenditure

47,824

9,496

4,180

0

61,500

36,372

Yen

Net income per share (Basic)

165.42

168.88

Dividend per share

42.00

36.00

Note 1: The above forecast is revised from the one disclosed on May 8, 2015 2: Assumed exchange rates in the latter half of this fiscal year are;

1 U.S. dollar = 115 Yen 1 Euro = 130 Yen


Reason for the revision:

Profit attributable to owners of parent is expected to fall short of the previous forecast released on May 8, 2015, owing to reasons such as the settlement for 14,837 million yen which was recognized as extraordinary loss in the second quarter. Therefore, we revise our forecast for this fiscal year as above.


Disclaimer statements:


The above forecast is based on information available at the time of this announcement. Therefore, we cannot guarantee accuracy and completeness of the forecast due to various factors.

Quarterly Consolidated Balance Sheets September 30, 2015 and March 31, 2015


Millions of yen

March 31, 2015

September 30, 2015

Assets

Current assets

Cash and deposits

38,708

44,522

Notes and accounts receivable-trade

68,514

77,482

Short-term investment securities

62,839

32,749

Inventories

78,379

85,165

Deferred tax assets

12,679

12,702

Other

12,549

13,072

Allowance for doubtful accounts

(387)

(477)

Total current assets

273,284

265,217

Noncurrent assets

Property, plant and equipment

Buildings and structures, net

50,775

53,107

Machinery, equipment and vehicles, net

54,718

62,249

Land

18,082

20,128

Construction in progress

13,448

17,929

Other, net

3,043

3,387

Total property, plant and equipment

140,068

156,802

Intangible assets

Goodwill

-

14,940

Software

3,131

3,638

Other

288

4,901

Total intangible assets

3,420

23,479

Investments and other assets

Investment securities

65,714

60,837

Deferred tax assets

867

804

Other

2,270

1,966

Allowance for doubtful accounts

(127)

(127)

Total investments and other assets

68,724

63,480

Total noncurrent assets

212,213

243,762

Total assets

485,497

508,980


Millions of yen

March 31, 2015

September 30, 2015

Liabilities

Current liabilities

Accounts payable-trade

25,239

26,761

Short-term loans payable

668

11

Current portion of bonds

15,000

-

Lease obligations

187

193

Income taxes payable

7,782

4,577

Other

30,456

50,079

Total current liabilities

79,334

81,624

Noncurrent liabilities

Bonds payable

25,000

25,000

Long-term loans payable

5,000

24,859

Lease obligations

298

272

Net defined benefit liability

24,012

24,870

Deferred tax liabilities

7,129

8,149

Other

1,343

1,379

Total noncurrent liabilities

62,783

84,532

Total liabilities

142,117

166,156

Net assets

Shareholders' equity

Capital stock

47,869

47,869

Capital surplus

54,824

54,824

Retained earnings

223,135

231,847

Treasury stock

(7,640)

(7,644)

Total shareholders' equity

318,189

326,896

Valuation and translation adjustments

Valuation difference on available-for-sale securities

30,297

26,972

Foreign currency translation adjustment

(4,017)

(9,854)

Remeasurements of defined benefit plans

(3,496)

(3,247)

Total valuation and translation adjustments

22,782

13,870

Non-controlling interests

2,407

2,056

Total net assets

343,380

342,823

Total liabilities and net assets

485,497

508,980

distributed by