Nippon Electric Glass (5214) Q1 2026 earnings summary

Executive summary

• Net sales for the three months ended March 31, 2026 were ¥75.1 billion, nearly flat year-over-year, with strong demand in the displays business offset by declines elsewhere.

• Operating profit declined 17.9% year-over-year to ¥6.4 billion due to higher expenses, while ordinary profit rose 47% to ¥8.9 billion, aided by foreign exchange gains.

• Profit attributable to owners of parent increased 66.4% year-over-year to ¥8.3 billion, driven by gains on sales of investment securities.

• Comprehensive income improved significantly to ¥15.6 billion from a loss of ¥8.1 billion in the prior year period.

Financial highlights

• Net sales: ¥75.1 billion (+0.3% year-over-year).

• Operating profit: ¥6.4 billion (−17.9% year-over-year).

• Ordinary profit: ¥8.9 billion (+47.0% year-over-year).

• Profit attributable to owners of parent: ¥8.3 billion (+66.4% year-over-year).

• Basic earnings per share: ¥111.48 (vs. ¥62.47 last year).

Outlook and guidance

• Full-year 2026 net sales forecast: ¥320.0 billion (+2.8% year-over-year).

• Operating profit forecast: ¥33.0 billion (−3.3% year-over-year).

• Profit attributable to owners of parent forecast: ¥23.0 billion (+22.3% year-over-year).

• Earnings per share forecast: ¥307.69 for the year.

• Risks include global economic uncertainty, Middle East instability, and supply chain disruptions.