QUICK Corp.

Equity Bottom-Up

OP for the current term has been revised upward from a 45% reduction plan to a 24% reduction plan
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In 1H, sales of automobiles decreased and ceramics decreased by 79% in OP In 1H of FY3/21, sales were JPY194.9bn (-11% YoY) and OP was JPY11.6bn (-63% YoY). After 2Q, in addition to the recovery of sales and production of automobiles including the Chinese market in Ceramic Products, demand for electronic components increased due to the progress of digitalization in the COVID-19 pandemic, exceeding…</li>
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Notes: This is translated from our Japanese report issued on 5 Aug 2020.　
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The company estimates the impact of COVID-19 to be about JPY50bn, and expects OP for this term to fall by 45% YoY
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Operating loss booked in 1Q due to the decline in the Ceramics business In 1Q FY3/21, consolidated results were sales of JPY83bn (-23% YoY) and the operating profit and loss was a loss of JPY280mn (in the same period of the previous year, profit of JPY16.2bn). In the Ceramics business, the operating profit and…</li>
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Japan

NGK Insulators, Ltd. manufactures and sells electrical insulators, industrial ceramic products, environmental systems, and electronic parts. The Company's products include ceramic catalyst carrier for exhaust gas purification, automotive honeycombs for exhaust filtering, gas analyzers, high pressure compaction systems, and sewer cleaning equipment.

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