Business restructuring and profitability improvement for insulators and industrial equipment-related products
First written in FY2016. 7 of 15 entries say "Worsened", first in FY2017-Q2. Latest entry: 2026-10-30.
Ngk moved to the "Worse" side of this theme in 2016, 8 years before the typical company in this theme (2024).
8 other companies' latest entry also says "Cited as achieved".
- 2026-10-30Cited as achievedEarnings
「【E&I事業】 … 減収・黒字転換 （ＮＡＳ電池の製造・販売終了により減収。損益が大幅に改善）」
NAS電池の製造・販売活動終了後、エネルギー＆インダストリー事業が前年同期の営業損失から営業黒字へ転じた実績を示している。 - FY2023AchievedAnnual report
「Among our insulator businesses, we have worked to improve the profitability of insulator products manufactured and sold at the Chita Plant through rationalization, price revisions and other measures in response to declining demand caused by intensifying competition in overseas markets and the contraction of the domestic market. However, as we judged that improving performance would be difficult amid expectations that demand would continue to decline, we resolved during the consolidated fiscal year to discontinue the manufacture and sale of insulator products at the plant.」
The company resolved to discontinue the manufacture and sale of insulator products at the Chita Plant, presenting a concrete measure to complete the business restructuring. - FY2022AchievedAnnual report
「In terms of earnings, the return to profitability by the insulator business for the first time in 6 years reduced the operating loss from ¥3.978 billion in the previous fiscal year to ¥2.718 billion.」
The company reports that the insulator business itself returned to profitability for the first time in 6 years as a result of business restructuring and price revisions. However, the Energy Infrastructure Business as a whole remains in the red at the operating level. - FY2022-Q3AdvancedAnnual report
「Although price revisions contributed to insulator products, demand remained sluggish as power companies and railway operators in Japan continued to restrain capital investment and for other reasons.」
The Energy Infrastructure Business recorded higher revenue as a result of price revision effects, and its operating loss narrowed from ¥2.581 billion in the same period of the previous year to ¥1.230 billion. - FY2022-Q2AdvancedAnnual report
「Within the Group, in the Energy Infrastructure Business, domestic demand for insulators is expected to remain sluggish for the time being, but revenue increased as a result of price revision effects and other factors.」
Revenue increased as a result of price revision effects, and the operating loss in the Energy Infrastructure Business narrowed from ¥2.280 billion in the same period of the previous year to ¥930 million. However, the business remains in the red at the operating level. - FY2022-Q1Revenue growth and a narrower loss from improved selling pricesAnnual report
「Revenue from insulators increased as a result of improved selling prices. In the Energy Infrastructure Business, revenue increased 18.7% year on year to ¥11.020 billion, while the operating result was an operating loss of ¥116 million, compared with an operating loss of ¥1.114 billion in the same period of the previous year.」
Revenue from insulators increased as a result of improved selling prices, and the operating loss in the Energy Infrastructure Business narrowed from ¥1.114 billion in the same period of the previous year to ¥116 million. However, the business remains in the red at the operating level. - FY2021AdvancedAnnual report
「With power companies continuing to restrain capital investment in Japan and overseas, the company expects the insulator business to return to profitability for the first time in 6 years as a result of business restructuring and improved selling prices.」
As a result of business restructuring and improved selling prices in the insulator business, the operating loss narrowed from ¥4.915 billion in the previous fiscal year to ¥3.978 billion, and the company indicates that it expects to return to profitability for the first time in 6 years. - FY2019WorsenedAnnual report
「In the Power-Related Business, conditions have remained challenging overseas in addition to restrained capital investment by domestic power companies. In March 2019, we decided to dissolve our Chinese insulator manufacturing subsidiary. In the insulator business, we will also withdraw from unprofitable products and reassign personnel, with the aim of returning to profitability at an early stage.」
Amid continued challenging business conditions, including overseas markets, the company describes its decision to dissolve its Chinese insulator manufacturing subsidiary, withdraw from unprofitable products and reassign personnel. - FY2019-Q3WorsenedAnnual report
「Within the Group, in the Power-Related Business, domestic demand for insulators declined, while shipments to China, North America and the Middle East also remained sluggish.」
In addition to declining domestic demand for insulators, shipments to China, North America and the Middle East were also sluggish, causing the operating loss in the Power-Related Business to widen from ¥2.501 billion in the same period of the previous year to ¥4.703 billion. - FY2019-Q2WorsenedAnnual report
「Within the Group, in the Power-Related Business, domestic demand for insulators declined, while shipments to overseas markets also remained sluggish.」
Domestic demand for insulators declined and overseas shipments remained sluggish, causing the operating loss in the Power-Related Business to widen from ¥2.109 billion in the same period of the previous year to ¥3.119 billion. - FY2018WorsenedAnnual report
「Following a review of future business plans in response to the deteriorating business environment, the profitability initially assumed was no longer expected to be achieved. Accordingly, the carrying amount was reduced to its recoverable amount, and the reduction was recorded as an impairment loss under extraordinary losses.」
The company recorded impairment losses of ¥966 million on assets used in the insulator business and ¥215 million on assets used in the NAS business, indicating that profitability issues underlying the business restructuring remain unresolved. - FY2017WorsenedAnnual report
「Meanwhile, for insulators, we will restructure the business to create a structure capable of securing profitability even at low operating rates.」
The restructuring of the insulator business has been made more specific, shifting from general business restructuring and profitability improvement to restructuring aimed at securing profitability at low operating rates. However, the company recorded an operating loss of ¥6.622 billion for the fiscal year and an impairment loss of ¥1.744 billion on assets used in its US insulator business. - FY2017-Q3WorsenedAnnual report
「For operating assets, following a review of future business plans in response to the deteriorating business environment, the profitability initially assumed was no longer expected to be achieved. For idle assets, future use was no longer expected. Accordingly, the carrying amounts were reduced to their recoverable amounts, and the reductions were recorded as impairment losses under extraordinary losses.」
The company explicitly states that it reviewed its business plans for assets used in the insulator and NAS businesses due to the deteriorating business environment and the loss of expected profitability, and recorded impairment losses. - FY2017-Q2WorsenedAnnual report
「In the Power-Related Business segment, the company recorded impairment losses on property, plant and equipment used in the insulator business and NAS business.」
The insulator and NAS businesses incurred impairments of property, plant and equipment, showing that deterioration in the business environment underlying the restructuring and profitability improvement measures is becoming concrete. - FY2016First statedAnnual report
「Meanwhile, for insulators and industrial equipment-related products, we will complete the business restructuring and work to improve profitability.」
The company identifies the businesses covered and sets out the completion of business restructuring and improved profitability as objectives.