NGK Corporation (5333) Stock Price

NGK Insulators, Ltd. (NGK) operates three primary business segments.

**Environment Segment**

This segment manufactures and sells automotive exhaust purification components, sensors, and general industrial ceramic products and equipment. Automotive exhaust purification components are manufactured and sold globally. The segment also handles sensors, corrosion-resistant equipment for the chemical industry, membrane separation devices for liquids and gases, combustion equipment, refractory materials, and treatment equipment for low-level radioactive waste.

**Digital Society Segment**

This segment manufactures and sells semiconductor manufacturing equipment products, electronic industry products, beryllium copper products, and mold products. Semiconductor manufacturing equipment products are manufactured both domestically and internationally. Electronic industry products and beryllium copper products are also manufactured and sold across multiple regions. Mold products are manufactured and sold by NGK Fine Mold.

**Energy & Industry Segment**

This segment manufactures and sells NAS® batteries and power insulators and equipment. The segment also engages in power sales utilizing NAS® batteries. Insulator manufacturing is conducted both domestically and internationally. The segment also manufactures and sells distribution equipment, with expansion ongoing in both domestic and international markets.

**Other Operations**

The company also operates an insurance agency business and golf course operations, which are managed by NGK Life.

NGK Insulators, Ltd. (NGK) has established "NGK Group Vision Road to 2050" as its long-term growth strategy. The vision recognizes carbon neutrality and the evolution toward a digital society as new opportunities for development. The company is pursuing five key transformations: advancing ESG-focused management, improving profitability, prioritizing research and development, and promoting digital transformation. Through these efforts, NGK aims to leverage its proprietary ceramic technology to reshape its business portfolio.

The company uses return on equity (ROE) as a primary management metric, emphasizing capital efficiency in its operations. NGK has set a target called "New Value 1000," aiming to achieve new business sales of 100 billion yen or more by 2030, with focused investment in research and development and marketing. Over the medium to long term, the company targets an ROE of 10% or higher to drive sustained corporate value growth.

NGK positions ESG management at the center of its strategy, aiming to contribute to a sustainable society. The company is advancing initiatives toward carbon neutrality and a digital society while enhancing management transparency and autonomy from a global perspective. It has established a Sustainability Steering Committee to address challenges including ESG factors.

NGK is reviewing its business portfolio to improve profitability in existing operations and create new businesses. The company is evaluating resource allocation to core and growth-oriented businesses, while assessing long-term growth potential in low-growth, low-profit operations. Through digital transformation initiatives and new business creation, NGK is advancing its business portfolio transformation.

NGK focuses on key priorities across three business segments: Environment, Digital Society, and Energy & Industry. The company is advancing new product development and market expansion in each segment to achieve sustainable growth. These efforts strengthen the management foundation and enhance corporate value.