NGK SPARK PLUG CO ( (NGKSF) ) has released its Q1 earnings. Here is a breakdown of the information NGK SPARK PLUG CO presented to its investors.
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Niterra Co., Ltd., formerly known as NGK Spark Plug Co., is a prominent player in the automotive industry, specializing in the production of spark plugs, glow plugs, and automotive sensors, with a focus on innovative component solutions.
In its latest quarterly earnings report for the three months ending June 30, 2025, Niterra Co., Ltd. reported a revenue increase to 169.9 billion yen, up from 165.5 billion yen in the same period the previous year. Despite the revenue growth, the company experienced a decline in operating profit, which fell to 33.8 billion yen from 39.1 billion yen year-over-year.
Key financial highlights include a rise in revenue across its primary segments, with automotive components generating 140 billion yen and component solutions contributing 28 billion yen. However, the company’s profit before income taxes decreased to 33.8 billion yen from 42.4 billion yen, reflecting increased costs and expenses. The net profit attributable to the owners of the parent also saw a decline, settling at 24 billion yen compared to 27.8 billion yen in the previous year.
The company’s balance sheet showed a significant increase in total assets, reaching 1,153.4 billion yen, driven by growth in both current and noncurrent assets. Liabilities also rose, with current liabilities increasing notably due to a surge in bonds and borrowings. Despite these challenges, Niterra Co., Ltd. managed to maintain a stable equity position, with retained earnings increasing to 516.5 billion yen.
Looking ahead, Niterra Co., Ltd. remains committed to leveraging its strong market position and innovative capabilities in the automotive sector. The management is focused on navigating the current economic challenges while exploring opportunities for growth and expansion in its component solutions segment.