NGK Half-Year Report 2022
Net sales in the six months increased 9.8% year-on-year to ¥274,688 million. This was due to the positive effect of the depreciation of the yen and an increase in sales of components for semiconductor manufacturing equipment, while the shipments of automotive-related products decreased. Despite the positive effect of the depreciation of the yen, operating income decreased 15.5% year on year to ¥38,808 million due to the impact of rising labor costs and soaring raw material and fuel prices in addition to the decline in the shipments of automotive-related products. Ordinary income decreased 21.3% year on year to ¥34,533 million, due to the decrease of operating income and the impact of a loss on liquidation of subsidiary. Quarterly net income attributable to owners of the parent decreased 17.0% year on year to ¥26,510 million, mainly due to the decrease of ordinary income despite the reversal of the estimated amount that had been recorded as a result of the completion of tax audits for the fiscal year ended March 2016 and thereafter.
By segment, net sales increased 3.8% year on year in the Environment Business to ¥153,106 million, and operating income decreased 28.7% year on year to ¥26,214 million. In the Digital Society Business, net sales increased 23.2% year on year to ¥88,166 million. Operating income increased 36.6% year on year to ¥13,671 million. In the Energy & Industry Business, net sales increased 7.4% year on year to ¥34,595 billion and operating loss was ¥1,089 million (operating loss of ¥864 million in the same
period of the previous fiscal year).
Effective from the first quarter of the current fiscal year, the reportable segments, which were the Energy Infrastructure Business, Ceramics Business, Electronics Business, and Process Technology Business, were changed to the Environment Business, Digital Society Business, and Energy & Industry Business due to the organizational change. Year-on-year figures for each segment were calculated after adjusting the figures for the same period of the previous fiscal year to the revised segment classification
