Nippon Electric Glass (5214) Q3 2025 earnings summary

Executive summary

• Net sales rose 2% year-over-year to ¥232.1 billion for the nine months ended September 30, 2025, driven by strong electronics and steady display business performance.

• Operating profit surged 427% year-over-year to ¥24.3 billion, and ordinary profit increased 280% to ¥24.0 billion, reflecting higher sales of high-value-added products and improved productivity.

• Profit attributable to owners of parent fell 46% year-over-year to ¥16.7 billion due to the absence of extraordinary income from the prior year's asset sale and new restructuring expenses.

Financial highlights

• Gross profit increased from ¥41.7 billion to ¥58.0 billion year-over-year.

• Basic earnings per share for the period was ¥213.41, down from ¥356.60 year-over-year.

• Comprehensive income dropped 77.4% year-over-year to ¥9.8 billion.

• Total assets decreased to ¥663.5 billion from ¥695.2 billion at the previous fiscal year-end.

• Equity ratio remained stable at 69.8%.

Outlook and guidance

• Full-year net sales forecast maintained at ¥310.0 billion; operating profit forecast raised to ¥32.0 billion (up 19%), ordinary profit to ¥32.0 billion (up 33%), and profit attributable to owners of parent to ¥23.0 billion (up 35%).

• Earnings per share for the year forecast at ¥294.37, reflecting share repurchases.

• Stable demand expected in display and electronics businesses; composites business to remain under pressure.

• Direct impact of U.S. tariffs considered immaterial; indirect effects not quantified.