Tranche Update on NGK Insulators, Ltd.'s Equity Buyback Plan announced on October 28, 2022.
March 28, 2023 at 08:30 pm EST
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From January 1, 2023 to February 28, 2023, the company has repurchased 2,438,500 shares, representing 0.79% for ¥4,240.02 million. With this, the company has completed the repurchase of 5,500,000 shares, representing 1.77% for ¥9,632.85 million under the buyback announced on October 28, 2022.
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 
