Nippon Electric Glass Co., Ltd. · TSE:5214
Nippon Electric Glass — Q2 2026 Earnings Presentation
29 slides from Nippon Electric Glass's earnings presentation, Aug 3, 2026
Slide 1: Financial Results for 2Q of the Year Ending December 31, 2026
Financial Results for 2Q of the Year Ending December 31, 2026 August 3, 2026 Nippon Electric Glass Co., Ltd. 1 ©Nippon Electric Glass Co., Ltd.
Slide 2: Contents
(Contents) 1. Financial Results for 2Q of FY2026 2. Earnings Forecasts and Dividends Forecasts of FY2026 2 ©Nippon Electric Glass Co., Ltd.
Slide 3: Financial Results for 2Q of FY2026
Financial Results for 2Q of FY2026 3 ©Nippon Electric Glass Co., Ltd.
Slide 4: Summary of 2Q Financial Results
Summary of 2Q Financial Results （Billions of JPY) Main factors in the change FY2026 FY2025 Change Operation profit 1Q 2Q 2Q(accum) 2Q(accum) (%) (+) Higher selling prices and increased sales volume in the displays business Net sales 75.1 81.3 156.4 153.7 1.7% (-) Increased costs associated with the
Slide 5: Structural Reforms in the Composites Business
Structural Reforms in the Composites Business Notice Regarding the Termination of Production Activities at the Shelby Plant and the Transfer of the Lexington Plant of Electric Glass Fiber America (EGFA) (Announced on July 6, 2026) • The business environment remains severe due to changes in the deman
Slide 6: Outline by Business－Electronics & Information Technology
Outline by Business－Electronics & Information Technology ■Sales trends Displays (Billions of JPY) 200 ⚫ Panel manufacturers' operating rates remained at high levels ⚫ Demand for our products also remained strong Performance Materials 100 → Sales: Increase compared to the previous year 83.6 Displays:
Slide 7: Outline by Business－Performance Materials
Outline by Business－ Performance Materials ■Sales trends Composites (Billions of JPY) 200 ⚫ Sales decreased due to the termination of business activities of a subsidiary in the U.K. in the previous fiscal year 70.1 Performance 67.6 Composites: approx. 80% (Supply of some products from Malaysia plant
Slide 8: Analysis of Changes in Operation Profit
Analysis of Changes in Operation Profit (Billions of JPY) Key factors (+) Higher selling prices and increased sales volume in the displays business Unit sales and pricing (-) Increased costs associated with the conversion of all electric melting facilities Periodic repair, etc. and periodic repairs
Slide 9: Earnings Forecasts and Dividends Forecasts of FY2026
Earnings Forecasts and Dividends Forecasts of FY2026 9 ©Nippon Electric Glass Co., Ltd.
Slide 10: Forecasts of FY2026
Forecasts of FY2026 FY2026 (Billions of JPY) 2Q For reference Full year (accum) FY2025 Change Economic outlook The global economy is expected to remain Net sales 156.4 300.0 311.4 (3.7%) uncertain outlook due to factors including the slowdown in the Chinese economy, renewed Operation profit 11.3 20.
Slide 11: Analysis of Changes in Operating Profit Forecast
Analysis of Changes in Operating Profit Forecast (Billions of JPY) Unit sales and pricing Key factors Productivity and operation rate (-) Decrease in sales volume of the displays business Others (-) Delayed productivity improvement in the Material and energy composites business prices, logistics exp
Slide 12: Outlook for Each Business in the Second Half
Outlook for Each Business in the Second Half ⚫ Panel manufacturers' operating rates will decline as demand winds down, and Displays we expect shipments to decrease slightly. ⚫ Increase in expenses for periodic repairs is expected. ⚫ Demand for glass wafer for supporting semiconductors is expected to
Slide 13: Display - Application development of ultra-thin glass
Display - Application development of ultra-thin glass Actively develop new products by leveraging the overflow technology cultivated in the display field ⚫ Solar panels for satellites ⚫ Foldable smartphone Lightweight glass Starveil with high UV shielding is used for solar Dinorex UTG , a glass excl
Slide 14: Electronics: Expansion of Information and Communications Application
Electronics: Expansion of Information and Communications Application Investment in datacenters and inter-datacenter communication infrastructure accelerated against the Image of optical backdrop of rapid growth in generated AI, in addition to communication network the advancement of digitalization a
Slide 15: Microcapillary
Microcapillary ⚫ Precision glass components that position and hold optical fibers with high precision at the micron level. Essential for miniaturization, higher density and higher reliability of optical communication modules ⚫ Demand for high-speed, high-capacity communications increased as data cen
Slide 16: Glass polarizer
Glass polarizer ⚫ An optical element that precisely controls the polarization characteristics of light, and is indispensable for stable and high-quality transmission of optical signals. ⚫ Demand grows as data centers expand ⚫ Characteristics ⚫ Primary Use High extinction ratio Transmission of requir
Slide 17: Semiconductor related products
Semiconductor related products ⚫ The growth of the advanced semiconductor-related market continues against the backdrop of higher performance and higher integration of semiconductors. ⚫ Demand for manufacturing process materials and materials for advanced packaging is expected to increase. [Composit
Slide 18: Composites - Focus on profitability and growth
Composites - Focus on profitability and growth ⚫ Aggressive investment in high-value-added products and development of new products (glass fiber for electronic materials, etc.) ⚫ Profitability improvement at Malaysia plant Aggressive investment in high-value-added products and development of new pro
Slide 19: Outlook for Capital Investment and Depreciation
Outlook for Capital Investment and Depreciation ⚫ Planned approx. ¥45 billion in FY2026 Display... Advancement of all-electric melting technology, capacity expansion and productivity improvement, etc. CAPEX Composites... Investment in low dielectric glass fiber D2 fiber, etc. In addition to the abov
Slide 20: Return to shareholders
Return to shareholders ■ Dividend：No reduction for over 20 years with continuous increases → FY2026: ¥160 per share planned ■ Share repurchases：¥20 billion in FY2026 (announced February 6, 2026) 12/28 Target: 3.0% 180 3.0% Interim dividend(JPY) Year-end dividend (JPY) 2.7% 160 Dividend on equity rat
Slide 21: Reference Material
Reference Material 21 ©Nippon Electric Glass Co., Ltd.
Slide 22: Trend of Sales by Region / Business
Trend of Sales by Region / Business ■Trend of sales by business ■Trend of sales by business Electronics & Information Technology EU, US, etc. Asia Japan (Billions of JPY) Peformance Materials 172.7 100% 154.7 156.4 153.7 59.4 139.1 (34%) 42.3 47.4 45.4 45% (27%) 48% (31%) (30%) 53% 54% 57% 51.5 (37%
Slide 23: Consolidated balance sheet
Consolidated balance sheet (Billions of JPY) 2025/12 2026/6 Change 2025/12 2026/6 Change Current assets 283.7 258.4 (25.2) Total liabilities 205.2 174.5 (30.7) Cash and deposits 120.7 100.6 (20.0) Notes and accounts payable –trade 38.9 34.7 (4.2) Notes and accounts receivable trade, and contract ass
Slide 24: Consolidated Statement of Income
Consolidated Statement of Income (Billions of JPY unless otherwise specified) FY2024 FY2025 FY2026 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Net sales 76.6 78.0 72.8 71.7 74.8 78.9 78.3 79.3 75.1 81.3 Operating profit 0.7 2.1 1.7 1.5 7.8 8.7 7.6 9.8 6.4 4.8 Operating margin 1.0% 2.7% 2.4% 2.1% 10.6% 11.1% 9.8%
Slide 25: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows 25/2Q 26/2Q Change (Billions of JPY) Cash flows from operating activities 18.6 24.1 5.4 Profit before income taxes 15.9 11.1 △4.7 Depreciation 11.3 13.5 2.1 Other, net △8.6 △0.5 8.0 Cash flows from investing activities 1.2 △9.6 △10.8 Proceeds from sale of investm
Slide 26: Consolidated Financial Data
Consolidated Financial Data (Billions of JPY unless otherwise specified) FY2021 FY2022 FY2023 FY2024 FY2025 Net sales 292.0 324.6 279.9 299.2 311.4 Operating profit 32.7 26.1 (10.4) 6.1 34.1 Operating margin 11.2% 8.1% △3.7% 2.0% 11.0% Profit (loss) attributable to owners of the parent 27.9 28.1 (26
Slide 27: Corporate Information
Corporate Information Main Business Corporate Information Electronics & Information Technology Name: Nippon Electric Glass Co., Ltd. Glass for LCDs Glass for OLED Displays Displays “G-Leaf ” Ultra-thin Glass Head Office: 7-1, Seiran 2-chome, Otsu, Shiga 520-8639, Japan “Dinorex UTG ” Ultra-thin Glas
Slide 28: Note regarding earnings forecasts
Note regarding earnings forecasts ◆ The forward-looking statements, including earnings forecasts, contained in these materials are based on certain assumptions deemed to be reasonable by the Company at the present moment and include risks and contingencies. ◆ Actual business results may differ subst
Slide 29: ©Nippon Electric Glass Co., Ltd.
29 ©Nippon Electric Glass Co., Ltd.
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