NGK SPARK PLUG CO ( (NGKSF) ) has released its Q3 earnings. Here is a breakdown of the information NGK SPARK PLUG CO presented to its investors.
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NGK Spark Plug Co., now known as Niterra Co., Ltd., operates in the automotive component and industrial ceramics sectors, specializing in products like spark plugs and automotive sensors. The company is listed on the Tokyo and Nagoya stock exchanges.
In its latest earnings report for the nine months ended December 31, 2024, Niterra Co., Ltd. demonstrated robust financial performance, showing a significant increase in both revenue and profit compared to the previous year.
Niterra reported a revenue increase from ¥455.9 billion to ¥485.7 billion, with a notable rise in operating profit from ¥87.9 billion to ¥103.3 billion. The automotive components segment, which includes spark plugs and sensors, was a major contributor to this growth. Profit attributable to owners of the parent also increased from ¥68.3 billion to ¥74.4 billion, reflecting a strong market position.
The company continues to strengthen its financial position with total assets rising from ¥975.7 billion to ¥988.5 billion. Despite a slight increase in noncurrent liabilities, the overall reduction in total liabilities indicates a healthier balance sheet. The equity attributable to owners of the parent grew significantly, showcasing effective management and strategic investments.
Looking ahead, Niterra’s management remains optimistic about sustaining growth through continued focus on core automotive products and strategic expansion in new business areas, positioning the company for future success in a competitive market environment.
