NGK SPARK PLUG CO., LTD. | October 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 |
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 |
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 |
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
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, 2016Forecast 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 |
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.
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, 2015Millions 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 |
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