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Nippon Electric Glass, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 33%

Fri Oct 31, 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 October 31st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) surged 3.8 times that of the same period last year, reaching 24.0 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 33.3%, from the previous forecast of 24.0 billion yen to 32.0 billion yen (compared to 12.4 billion yen in the previous period), increasing the growth rate from 93.3% to 2.6 times.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) is expected to increase 81.6%, from the previous forecast of 9.79 billion yen to 17.7 billion yen (compared to 2.14 billion yen in the same period of the previous year), increasing the growth rate from 4.6 times to 8.3 times.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a profit of 9.89 billion yen (compared to a loss of 3.93 billion yen in the same period last year). The operating profit margin drastically improved from 2.4% in the same period last year to 9.8%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2023 209,369 -6,546 -2,072 -16,231 -174.4 ー Oct 30, 2023 J-GAAP
Jan - Sep, 2024 227,530 4,613 6,343 30,788 356.6 51.1 Oct 30, 2024 J-GAAP
Jan - Sep, 2025 232,094 24,317 24,092 16,674 213.4 75.3 Oct 31, 2025 J-GAAP
YoY +2.0% +427.1% +279.8% -45.8% -40.2%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 156,212 10,332 9,799 6,907 91.8 75 Jul 30, 2025 J-GAAP
Jul - Dec, 2025 New 156,212 15,332 17,799 12,907 171.6 75 Oct 31, 2025 J-GAAP
Revision Rate 0.0% +48.4% +81.6% +86.9% +86.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 310,000 27,000 24,000 17,000 226.0 145 Jul 30, 2025 J-GAAP
Dec, 2025 New 310,000 32,000 32,000 23,000 305.7 145 Oct 31, 2025 J-GAAP
Revision Rate 0.0% +18.5% +33.3% +35.3% +35.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 144,520 3,245 2,141 -18,111 -212.2 65 Feb 5, 2025 J-GAAP
Jul - Dec, 2025 Guidance 156,212 15,332 17,799 12,907 171.6 75 Oct 31, 2025 J-GAAP
YoY +8.1% +372.5% +731.3% － －

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 32,000 32,000 23,000 305.7 145 Oct 31, 2025 J-GAAP
YoY +3.6% +422.9% +157.7% +90.2% +115.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Apr - Jun, 2025 78,941 8,771 8,100 5,085 64.2 11.1 Jul 30, 2025 J-GAAP
Jul - Sep, 2025 78,306 7,649 9,891 6,581 84.2 9.8 Oct 31, 2025 J-GAAP
YoY +7.5% +340.1% － +1,023.0% +1,140.5%

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