Nippon Electric Glass Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2022 and Full Year Ending December 31, 2022
February 17, 2022 at 01:00 am EST
Share
Nippon Electric Glass Co., Ltd. provided consolidated earnings guidance for the six months ending June 30, 2022 and full year ending December 31, 2022. For the six months, the company expects net sales of JPY 160,000 million, operating profit of JPY 18,000 million, profit attributable to owners of parent of JPY 14,000 million and earnings per share of JPY 150.49.
For the full year, the company expects net sales of JPY 330,000 million, operating profit of JPY 37,000 million, profit attributable to owners of parent of JPY 30,000 million and earnings per share of JPY 322.49.
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. 
