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Nippon Electric Glass, First Half Ordinary Profit Revised Upward to an Unexpected 7% Increase, Full Year also Increased

Wed Apr 30, 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 April 30th (15:30). The consolidated ordinary profit for the first quarter of the fiscal year ending December 2025 (January to March) expanded 6.1 billion yen, an increase 31.9% compared to the same period last year.

In addition, the January to June period (1H) consolidated ordinary profit has been revised upward 10.0%, from the previous forecast of 10 billion yen to 11 billion yen (compared to 10.2 billion yen in the same period of the previous year), turning to a 7.0% increase in the consolidated ordinary profit outlook.

Following the strong performance in the first half, the full-year consolidated ordinary profit has been revised upward 5.0%, from the previous forecast of 20 billion yen to 21 billion yen (compared to 12.4 billion yen in the previous period), increasing the growth rate from 61.1% to 69.1%.

In the most recent three-month period, from January to March (1Q), the operating profit margin drastically improved from 1.0% in the same period last year to 10.6%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Mar, 2023 67,922 -1,941 -1,648 846 9.1 ー Apr 28, 2023 J-GAAP
Jan - Mar, 2024 76,656 765 4,627 19,616 224.6 45.0 Apr 30, 2024 J-GAAP
Jan - Mar, 2025 74,847 7,897 6,101 5,008 62.5 55.5 Apr 30, 2025 J-GAAP
YoY -2.4% +932.3% +31.9% -74.5% -72.2%

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Prev 150,000 10,000 10,000 10,000 128.6 70 Feb 5, 2025 J-GAAP
Jan - Jun, 2025 New 150,000 13,000 11,000 11,000 141.5 70 Apr 30, 2025 J-GAAP
Revision Rate 0.0% +30.0% +10.0% +10.0% +10.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 310,000 20,000 20,000 15,000 199.4 145 Feb 5, 2025 J-GAAP
Dec, 2025 New 310,000 23,000 21,000 16,000 212.7 145 Apr 30, 2025 J-GAAP
Revision Rate 0.0% +15.0% +5.0% +6.7% +6.7%

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 13,000 11,000 11,000 141.5 70 Apr 30, 2025 J-GAAP
YoY -3.0% +352.2% +7.0% -63.6% -59.2%

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 23,000 21,000 16,000 212.7 145 Apr 30, 2025 J-GAAP
YoY +3.6% +275.8% +69.1% +32.3% +50.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 74,847 7,897 6,101 5,008 62.5 10.6 Apr 30, 2025 J-GAAP
YoY -2.4% +932.3% +31.9% -74.5% -72.2%

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