Nippon Sheet Glass : FY2026/3 Full-Year Results Key Points [

11 May 2026

Nippon Sheet Glass Company, Limited

• Revenue and OP increase from PY. OP increase due to better Architectural glass business. Net profit above the full-year forecast helped by one-off tax effect while OP below

• Aiming OP of JPY 36.0 bn level again with gradual European market recovery in H2, while continuous challenging business environment including energy cost rise

• Highly challenging targets for medium-term plan “2030 Vision: Shift the Phase” even in FY2027/3 forecast while recovering from PY impacted by the economic slowdown in Europe. Aiming improvement under fundamental initiatives for New NSG Group with unchanged commitment to 4 “D”s

1. Financial Year ended 31 March 2026 Results

   • Group Q4 revenue was JPY 238.9 bn (+28.5 bn, +13.5% YoY), and operating profit improved to JPY

     10.3 bn (+4.6 bn, +81.3% YoY)

   • The cumulative revenue was JPY 879.5 bn (+39.1 bn, +4.5% YoY) and operating profit was JPY 28.8 bn (+12.3 bn, +74.7% YoY), both improved from the previous year. Revenue increased with Automotive and Architectural glass business in Europe and North America, partly helped by FX, exceeding the forecast. Operating profit increased reflecting improvements mainly in European Architectural glass business, while falling short of forecast

   • Exceptional costs of JPY 5.5 bn (JPY 5.2 bn costs in PY) include impairment related to goodwill of JPY

     3.4 bn in Automotive glass business North America in Q4. Profit before the taxation of JPY 0.4 bn (JPY 8.5 bn loss in PY)

   • The taxation credit of JPY 5.1 bn (JPY 4.9 bn cost in PY), recording JPY 8.8 bn of deferred tax asset balances in the U.K. leading to profit for the period of JPY 5.5 bn (+19.0 bn YoY) and net profit* of JPY

     4.4 bn (+18.3 bn YoY)

   • Decrease in free cash flow to JPY 1.1 bn (-8.9 bn YoY), reflecting working capital increase. Shareholders’ equity ratio increased to 13.5% (+3.1pt vs PY end). Interest-bearing debt increased to JPY 548.3 bn (+23.5 bn vs PY end)

     *Profit/(loss) attributable to owners of the parent

     Architectural Glass	Revenue and OP increase with higher sales prices mainly in Europe. Contribution of cost reductions from the production cessations in PY continuing. Demand for solar energy glass decreasing in Asia reflecting customer’s production adjustments arising from US tariff policy, but improving. Continuous robust demand in US
     Automotive Glass	Revenue above PY, but OP below. Sales price improvement mainly in North American AGR although sales volume decrease. In Europe, better in sales mix with expansion of value-added products. In Japan, slow sales volumes for OE. In North America, temporarily unfavorable production efficiency for OE continued. Production schedules adjustments on track in Europe
     Technical Glass	OP increase benefitted from improving sales mix from H2 as planned

2. Forecast for Financial Year ending 31 March 2027

   • Aiming OP of JPY 36.0 bn level again with gradual European market recovery in H2, while continuous challenging business environment including energy cost rise

   • Assuming JPY appreciation compared to FY2026/3, against major foreign currencies

   • Trying to absorb cost increase impacts through price pass-through, assuming higher energy and material costs partly arising from geopolitical risks in addition to ongoing inflation-driven costs increase including labor

     [Note] This forecast is based on the current assumptions.

     It is possible to be amended when the fundamental initiatives for New NSG Group are realized which was disclosed, as outlined in the following slides.

     *Profit/(loss) attributable to owners of the parent

     **Including other gains/(losses) on equity method investments

3. Fundamental Initiatives for the New NSG Group

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