NGK Insulators Ltd Lowers Full-year Consolidated Outlook for FY 2013

NGK Insulators Ltd announced that it has lowered its full-year consolidated outlook for revenue from JPY 255,000 million to JPY 245,000 million, operating profit from JPY 23,000 million to JPY 18,000 million, ordinary profit from JPY 24,000 million to JPY 19,000 million, net profit from JPY 16,000 million to JPY 10,000 million, and earnings per share from JPY 49.00 to JPY 30.63, for the fiscal year ending March 31, 2013. The Company lowered its full-year consolidated outlook mainly due to the decrease in sales of ceramics for automobile-related products, semiconductor manufacturing equipment and electric-related business. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 252,150 million, operating profit of JPY 22,900 million and net profit of JPY 15,660 million, for the same fiscal year.