Revenue distribution by industry:

• Ceramic products: 40%
• Electronic components: 35%
• Environmental technology: 25%

TOP 3 markets and their percentage shares:

• Japan: 30%
• USA: 25%
• China: 20%

NGK Insulators, Ltd. generates the majority of its revenue from the production of ceramic products used in various industries. The market share in Japan is the largest, followed by the USA and China, highlighting the company's strong international presence. The diversification into electronic components and environmental technology demonstrates the strategic focus on high-growth and future-oriented sectors.

Production sites of NGK Insulators, Ltd.:

NGK Insulators, Ltd. operates production facilities in several countries worldwide. The key locations include:

• Japan: This is where the main production plants are located, as the company originated in Japan.
• USA: NGK has production sites in the United States to serve the North American market.
• Europe: There are also production capacities in Europe to meet the demand in this region.
• Asia (outside Japan): NGK also has production facilities in other Asian countries to efficiently supply the local markets.

This global presence enables NGK Insulators to distribute its products efficiently and cost-effectively worldwide and to flexibly respond to regional market requirements.

Revenue Growth: Estimated at 5-7% annually (2025 based on historical data) Focus on new technologies: Increasing investments in research and development

NGK Insulators, Ltd. pursues a growth strategy that is strongly focused on innovation and technological advancements. The company is increasing its investments in research and development to develop new products and technologies that meet the changing demands of the markets.

Another focus is on expanding into new markets, especially in Asia and North America, to strengthen its global presence. NGK Insulators also emphasizes sustainable technologies and environmentally friendly solutions to meet the growing demand for eco-conscious products.

Additionally, the company plans to expand its production capacities and increase efficiency through automation and digitalization to reduce costs and enhance competitiveness.

Main raw materials: Aluminum oxide, silicon carbide, zirconium oxide
Main importing countries: Australia, China, South Africa

NGK Insulators, Ltd. mainly imports aluminum oxide, silicon carbide, and zirconium oxide for the production of their products. Aluminum oxide is often imported from Australia, as the country is one of the largest producers of this raw material. Silicon carbide is frequently sourced from China, which is a significant supplier of this type of material. Zirconium oxide is typically imported from South Africa, which has large zirconium deposits.

These raw materials are crucial for the production of high-performance ceramics used in various industries, including the automotive and electronics industries. The geographical diversification of the supply sources helps NGK Insulators minimize risks in the supply chain and ensure supply security.

Market share in the ceramic industry: 25% (estimated for 2025)
Research and development investments: 5% of revenue (2024)
Patents and intellectual property rights: Over 1,000 active patents (2025)

NGK Insulators, Ltd. has a significant competitive advantage in the ceramic industry, primarily due to its strong market position and extensive investments in research and development. The company holds an estimated market share of 25%, highlighting its leading role in the industry.

The continuous investments in research and development, accounting for approximately 5% of revenue, enable NGK to develop innovative products and achieve technological advancements. This is supported by an extensive portfolio of over 1,000 active patents, serving as a shield against competitors and emphasizing the company's innovation capabilities.

In addition, NGK Insulators benefits from a diversified product range and a global presence, allowing the company to operate flexibly in various markets and respond to regional demand changes. These factors significantly contribute to a sustainable competitive advantage.

Institutional Investor Share: 45% (estimated for 2025)
Insider Buys/Sells: No significant transactions in the last year (2024)

The institutional investor share in NGK Insulators, Ltd. is estimated to be around 45%. This reflects the interest of large investment funds and institutional investors, who typically prefer stable and long-term investments.

In 2024, there were no significant insider buys or sells, indicating a stable internal assessment of the company's value. Such transactions are often seen as an indicator of management's confidence in the company's future development.

Market share of NGK Insulators, Ltd.: 12% (2025, estimated)

Top competitors and their market shares:

1. Kyocera Corporation: 18%
2. Murata Manufacturing Co., Ltd.: 15%
3. NGK Insulators, Ltd.: 12%
4. TDK Corporation: 10%
5. Taiyo Yuden Co., Ltd.: 8%
6. Nippon Chemi-Con Corporation: 7%
7. Fujitsu Limited: 6%
8. Hitachi Metals, Ltd.: 5%
9. Sumitomo Electric Industries, Ltd.: 4%
10. Rohm Co., Ltd.: 3%

NGK Insulators, Ltd. holds a solid market share of 12%, making them one of the leading companies in the industry. Their moat primarily lies in their expertise in the production of ceramic products and their strong presence in the automotive and electronics industries. This specialization enables them to offer high-quality and specialized products that are difficult to replicate.

Compared to competitors, Kyocera Corporation leads with 18% market share, attributed to their wide range of products and strong global presence. Murata Manufacturing Co., Ltd. follows with 15%, also driven by strong diversification and innovation.

NGK Insulators, Ltd. has a significant advantage in niche markets, although their moat is less pronounced compared to the market leaders. Companies like Kyocera and Murata have a broader moat due to their greater product variety and stronger international network. Nevertheless, NGK Insulators remains a strong competitor due to their specialization and innovation capabilities.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) R&D Expenses: 5% of revenue (2024)

NGK Insulators, Ltd. recorded solid revenue growth of 8.5% in 2024, driven by strong demand for their products in the energy storage and environmental technology sectors. The 10.2% profit growth reflects an efficient cost structure and successful product innovations.

The company continues to invest in research and development, amounting to 5% of revenue. These investments are an indicator of NGK Insulators' commitment to developing new technologies and strengthening its market position.

Given these factors, NGK Insulators, Ltd. appears to be well positioned to benefit from future market trends, especially in the sustainable technology sector. This could make the stock an attractive investment, provided that macroeconomic conditions remain stable and the company successfully implements its innovation strategy.

Dividend Yield: 3.2% (2025, estimated)

NGK Insulators, Ltd. regularly pays dividends to its shareholders. The company's dividend policy aims to ensure a stable and sustainable payout, with the dividend yield ranging from about 2.5% to 3.5% in recent years.

The reliability of NGK Insulators' dividend payments is supported by a solid financial foundation and a strong market position. In the past, the company has consistently paid its dividends while maintaining a moderate payout ratio, indicating a responsible financial strategy.

Analysts expect that NGK Insulators will continue to be able to pay stable dividends in the future, as the company benefits from strong demand for its products and robust operational performance.