Ngk Spark Plug raises dividend, announces share repurchase plan

Ngk Spark Plug announced its second-quarter consolidated financial results for the fiscal year ending March 2026. Revenue reached 351,171 million yen, an 8.2% increase year-over-year. Operating profit was 71,991 million yen, a slight decrease of 0.4%, while profit before income taxes grew 5.9% to 76,118 million yen. The company's performance surpassed initial forecasts due to favorable exchange rates and reduced impact from US tariffs.

In light of the strong results, Ngk Spark Plug's board approved an increase in the interim dividend to 93.00 yen per share, up from the previously forecast 91.00 yen, with a full-year dividend of 186.00 yen. Concurrently, the company resolved to repurchase up to 7,200,000 common shares, representing 3.62% of outstanding shares (excluding treasury shares), totaling up to 30,000 million yen, between November 1, 2025, and October 31, 2026. This move aims to enhance shareholder value and optimize capital efficiency.