Nippon Electric Glass Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2021; Provides Earnings Guidance for the Year Ending December 31, 2021
May 14, 2021 at 02:00 am EDT
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Nippon Electric Glass Co., Ltd. provided consolidated earnings guidance for the year ending December 31, 2021. For the six months ending June 30, 2021, the company expects net sales of JPY 140,000 million, operating profit of JPY 15,000 million, profit attributable to owners of parent of JPY 11,000 million or JPY 113.82 per share.
For the year ending December 31, 2021, the company expects net sales of JPY 280,000 million, operating profit of JPY 28,000 million, profit attributable to owners of parent of JPY 21,000 million or JPY 217.30 per share.
Nippon Electric Glass Co., Ltd. specializes in developing, manufacturing and marketing specialty glasses. Net sales break down by family of products as follows:
- glasses for electronic components (52.9%): LCD screen glasses, plasma screens, cathode ray tubes, optic products, etc.;
- performance glasses (47.1%): mainly glasses fibers, heat-resistant glasses, glass tubes for lighting, glass tubes for pharmaceutical and medical uses, glass films and glasses for building materials.
At the end of 2021, the group had 16 production sites worldwide.
Net sales break down geographically as follows: Japan (14.6%), China (29.7%), South Korea (16.6%), Europe (14.7%), the United States (13%) and other (11.4%).
Nippon Electric Glass Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2021; Provides Earnings Guidance for the Year Ending December 31, 2021
NIPPON ELECTRIC GLASS CO., LTD. 
