NGK Corporation extends gains for fourth day on record profit forecast, dividend hike and share buyback

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Thu Apr 30, 2026 2:49 pm JST Catalyst

NGK Corporation <5333> extended its gains for a fourth consecutive day. At around 1:40 p.m. on the day, the company announced its consolidated earnings forecast for the fiscal year ending March 2027, projecting sales of 710 billion yen (up 6.0% year-on-year) and operating profit of 107 billion yen (up 12.6% year-on-year). Both sales and operating profit are expected to reach record highs for consecutive years. The company also raised its dividend forecast to 106 yen (from 80 yen in the previous year). The announcement attracted buying interest.

Driven by expanding semiconductor demand, primarily for AI applications, products for semiconductor manufacturing equipment and Hiceram carriers are expected to continue growing. Net profit is also projected to reach a record high, benefiting from the reversal effect of extraordinary losses recorded in the previous year due to the termination of NAS battery production. The company's fiscal year ended March 2026 results, announced simultaneously, showed sales of 670.125 billion yen (up 8.2% year-on-year) and operating profit of 94.997 billion yen (up 16.9% year-on-year).

NGK INSULATORS also announced a share buyback program. The company will repurchase up to 6,500,000 shares (2.3% of total issued shares excluding treasury stock) through the Nagoya Stock Exchange's off-hours own share repurchase trading (N-NET3) on the morning of May 1st. The purchase price will be the closing price on April 30th.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.