Nippon Electric Glass Co., Ltd. Provides Earnings Guidance for the Year Ending December 31, 2020
August 12, 2020 at 12:00 am EDT
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Nippon Electric Glass Co., Ltd. provided earnings guidance for the year ending December 31, 2020. For the period the company expects net sales of JPY 230,000 million, operating profit to be JPY 12,000 million, profit attributable to owners of parent to be JPY 9,000 million and basic earnings per share to be JPY 93.13.
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. 
