Nippon Electric Glass Co., Ltd. Provides Consolidated Earnings Guidance for the six months ending June 30, 2021 and Full Year Ending December 31, 2021
February 17, 2021 at 01:00 am EST
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Nippon Electric Glass Co., Ltd. provided consolidated earnings guidance for the six months ending June 30, 2021 and full year ending December 31, 2021. For the six months, the company expects net sales to be JPY 125,000 million. Operating profit is expected to be JPY 9,000 million. Profit attributable to owners of parent is expected to be JPY 5,000 million. Earnings per share is expected to be JPY 51.74.
For the full year, the company expects net sales to be JPY 260,000 million. Operating profit is expected to be JPY 20,000 million. Profit attributable to owners of parent is expected to be JPY 15,500 million. Earnings per share is expected to be JPY 160.39.
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. 
