NGK Q3 Report 2023

net sales in the nine months ended December 31, 2023, increased 1.8% year-on-year to ¥422,527 million, due to the positive effect of the depreciation of the yen and an increase in sales of the automotive-related products, despite a decrease shipment of components for semiconductor manufacturing equipment. With regard to profits, operating income decreased 12.6% year on year to ¥50,317 million due to a decrease shipment of components for semiconductor manufacturing equipment and the impact of rising labor costs and others despite increase shipments of the automotiv related products. Ordinary income decreased 15.6% year on year to ¥47,447 million due to a decline in operating income and foreign exchange losses. Quarterly net income attributable to owners of the parent decreased 34.4% year on year to ¥33,876 million due to a decline in ordinary income and recorded the income taxes-refund and others in the same period of the previous fiscal year.

By segment, net sales increased 15.4% year on year in the Environment Business to ¥267,754 million, and operating income increased 23.3% year on year to ¥49,440 million. In the Digital Society Business, net sales decreased 21.6% year on year to ¥102,066 million. Operating income decreased 91.6% year on year to ¥1,567 million. In the Energy & Industry Business, net sales decreased 0.9% year on year to ¥54,224 million and operating loss was ¥704 million (operating loss of ¥1,208 million in the same period of the previous fiscal year)