Nippon Electric Glass Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2024 and Year Ending December 31, 2024
February 14, 2024 at 03:00 am EST
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Nippon Electric Glass Co., Ltd. provided consolidated earnings guidance for the six months ending June 30, 2024 and year ending December 31, 2024. For the six months, company expects Net sales of JPY 150,000 million, Operating profit of JPY 4,000 million, Profit attributable to owners of parent of JPY 18,000 million and Earnings per share of JPY 201.92.
For the year, company expects Net sales of JPY 310,000 million, Operating profit of JPY 16,000 million, Profit attributable to owners of parent of JPY 27,000 million and Earnings per share of JPY 302.88.
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. 
