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Nippon Electric Glass (5214) investor relations material
Nippon Electric Glass Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M FY2026 net sales were ¥232.458B, up 0.2% YoY; operating profit fell 33.9%, ordinary profit 15.1%, and profit attributable to owners 41.9%.
Higher displays and electronics sales offset lower composites sales in Europe and the U.S.; restructuring expenses weighed on net income.
Financial highlights
9M gross profit declined to ¥52.256B from ¥57.979B; SG&A rose to ¥36.176B from ¥33.662B YoY.
Non-operating income was ¥4.3B versus a ¥0.2B expense; FX results shifted to a ¥1.6B gain from a ¥2.4B loss.
Extraordinary items included ¥6.8B gain on investment-security sales, ¥3.6B gain on fixed-asset sales and ¥15.7B restructuring expense.
EPS was ¥130.96 versus ¥213.41 a year earlier; comprehensive income was ¥17.294B versus ¥9.831B.
Outlook and guidance
FY2026 forecast: net sales ¥300B, operating profit ¥20B, ordinary profit ¥25B, attributable profit ¥15B and EPS ¥202.93; guidance was unchanged.
Forecasts imply YoY declines of 3.7% in sales, 41.4% in operating profit, 33.8% in ordinary profit and 49.4% in attributable profit; operating margin forecast is 6.7%.
FX assumptions are ¥157 per U.S. dollar and ¥178 per euro; FY2026 dividend forecast is ¥160 per share, comprising ¥80 interim and ¥80 year-end.
Q4 display demand is expected to weaken; electronics sales are expected to expand, while composites sales are forecast to decline significantly due to U.S. restructuring.
Low-dielectric glass-fiber manufacturing startup is continuing; medical care, heat-resistance and buildings businesses expect stable demand and new-product sales growth.
- Sales increased but profit and guidance declined sharply due to higher costs and restructuring.5214
Q2 2026 - Profit attributable to owners of parent jumped 66% year-over-year on investment gains.5214
Q1 2026 - Profits surged on strong demand and efficiency gains; FY2026 profit expected to decline.5214
Q4 2025 - Operating profit soared on strong electronics sales, but net income fell on lower extraordinary gains.5214
Q3 2025 - Operating profit soared while net income dropped on one-off factors; profit guidance was raised.5214
Q2 2025 - Profits surged on strong display and semiconductor sales, with a major share buyback announced.5214
Q2 2024 - Profit turnaround, higher dividends, and strong outlook driven by electronics and asset sales.5214
Q4 2024 - Operating profit soared in Q1 2025, but net income fell on lower extraordinary gains.5214
Q1 2025
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