Nippon Electric Glass, Last Fiscal Year's Ordinary Profit Exceeds Expectations, 61% Increase in Ordinary Profit for The Current Fiscal Year, Dividend Raised by 15 yen

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Wed Feb 5, 2025 3:30 pm JST Earnings

5214 Nippon Electric Glass Co., Ltd. 【J-GAAP】

Earnings Report

Nippon Electric Glass Co., Ltd. <5214> [TSE Prime] announced its financial results after the market closed on February 5th (15:30). The consolidated ordinary profit/loss for the fiscal year ending December 2024 turned into a profit of 12.4 billion yen (compared to a loss of 9.48 billion yen in the previous period), exceeding the previous forecast of 10 billion yen. In the fiscal year ending December 2025, the consolidated ordinary profit is expected to expanded to 61.1% to 20 billion yen.

At the same time, the company has decided to increase the dividend this fiscal year to 145 yen, an increase of 15 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit/loss turned to a profit of 6.07 billion yen (compared to a loss of 7.4 billion yen in the same period last year). The operating profit/loss margin drastically improved from -5.5% in the same period last year to 2.1%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	324,634	26,184	34,058	28,167	302.8	120	Feb 3, 2023	J-GAAP
Dec, 2023	279,974	-10,420	-9,480	-26,188	-282.9	120	Feb 5, 2024	J-GAAP
Dec, 2024	299,237	6,120	12,417	12,091	141.7	130	Feb 5, 2025	J-GAAP
YoY	+6.9%	－	－	－	－

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	310,000	5,000	10,000	30,000	371.7	130	Jul 29, 2024	J-GAAP
Dec, 2024 Results	299,237	6,120	12,417	12,091	141.7	130	Feb 5, 2025	J-GAAP
Revision Rate	-3.5%	+22.4%	+24.2%	-59.7%	-61.9%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	154,717	2,875	10,276	30,202	347.1	65	Jul 29, 2024	J-GAAP
Jan - Jun, 2025 Guidance	150,000	10,000	10,000	10,000	125.2	70	Feb 5, 2025	J-GAAP
YoY	-3.0%	+247.8%	-2.7%	-66.9%	-63.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	279,974	-10,420	-9,480	-26,188	-282.9	120	Feb 5, 2024	J-GAAP
Dec, 2024	299,237	6,120	12,417	12,091	141.7	130	Feb 5, 2025	J-GAAP
Dec, 2025 Guidance	310,000	20,000	20,000	15,000	187.8	145	Feb 5, 2025	J-GAAP
YoY	+3.6%	+226.8%	+61.1%	+24.1%	+32.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	70,605	-3,874	-7,408	-9,957	-107.6	-5.5	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	76,656	765	4,627	19,616	224.6	1.0	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	78,061	2,110	5,649	10,586	121.7	2.7	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	72,813	1,738	-3,933	586	6.8	2.4	Oct 30, 2024	J-GAAP
Oct - Dec, 2024	71,707	1,507	6,074	-18,697	-219.1	2.1	Feb 5, 2025	J-GAAP
YoY	+1.6%	－	－	-87.8%	-103.7%