Nippon Electric Glass Co., Ltd. Provides Earnings Guidance for the Full Year Ending December 31, 2021
November 11, 2021 at 01:00 am EST
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Nippon Electric Glass Co., Ltd. provided earnings guidance for the full year ending December 31, 2021. For the year, the company expects net sales to be JPY 295,000 million, operating profit to be JPY 34,000 million, Profit attributable to owners of parent to be JPY 27,000 million or JPY 279.34 per basic 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. 
