Nippon Sheet Glass Company, Limited

Equities

5202

JP3686800008

Construction Supplies & Fixtures

Delayed Japan Exchange Other stock markets 09:58:33 2024-04-29 pm EDT			5-day change	1st Jan Change
530 ^JPY	+2.12%		+3.92%	-7.67%

Apr. 23	Nippon Sheet Glass' Unit Issues 41 Billion Yen Worth of Notes	MT
Feb. 09	Nippon Sheet Glass Company, Limited Provides Earnings Guidance for the Full Year Ending March 31, 2024	CI

Nippon Sheet Glass : FY2016 2nd Quarter Financial Results Presentation

October 29, 2015 at 02:42 am EDT

NSG Group FY2016 Quarter 2 Results Presentation

GROUP

NSG Group FY2016 Quarter 2 Results

(from 1 April 2015 to 30 September 2015)

Nippon Sheet Glass Co., Ltd.

29 October 2015

Shigeki Mori Chief Executive Officer

Clemens Miller Chief Operating Officer

Mark Lyons Chief Financial Officer

Kenichi Morooka Executive Vice President

29 October 2015

FY2016 Quarter 2 Results 3

FY2016 Q2 Results (from 1 April 2015 to 30 September 2015)

Key Points Financial Results Business Update

Agenda

Forecast and Summary

29 October 2015

FY2016 Quarter 2 Results 4

Key Points - April to September 2015

Trading profit remains at same level as previous year
Indications of improving outlook in Europe
Improved performance in Japan
Performance in North America and South East Asia
remains strong
Difficult market conditions persist in South America
Display business continues to face challenging competitive environment

29 October 2015

FY2016 Quarter 2 Results 55

FY2016 Q2 Results (from 1 April 2015 to 30 September 2015)

Key Points Financial Results Business Update

Agenda

Forecast and Summary

29 October 2015

FY2016 Quarter 2 Results 6

Cum Q2 FY2016 321.7	Cum Q2 FY2015 309.5
10.1	10.3
(4.0)	(4.2)
6.1	6.1
(1.5)	13.2
(8.8)	(8.8)
(0.5)	0.4
(4.7)	10.9
(1.6)	8.3
(2.7)	7.9
27.1	26.3

Consolidated Income Statement

(JPY bn)

Revenue

Trading profit

Amortization* Operating profit Exceptional items Finance expenses (net)

Share of JVs and associates Profit/(loss) before taxation Profit/(loss) for the period

Profit/(loss) attributable to owners of the parent

EBITDA

* Amortization arising from the acquisition of Pilkington plc only

Profit reflects mixed market conditions

29 October 2015

FY2016 Quarter 2 Results 7

Change Analysis

Trading profit

12 FY2015

Q2 FY2016

JPY bn

Total

10.3

Sales Vol/Mix

(2.9)

Selling Prices

0.1

Input Costs

2.4

Other

0.2

Total

10.1

29 October 2015

FY2016 Quarter 2 Results 8

Q1	Q2	Cum Q2
FY2016	FY2016	FY2016
(0.5)	(1.1)	(1.6)
10.6	10.4	21.0
(14.9)	3.9	(11.0)
(2.1)	(6.5)	(8.6)
(1.2)	(0.6)	(1.8)
(3.4)	2.4	(1.0)
(11.5)	8.5	(3.0)
(8.6)	(8.4)	(17.0)
(0.3)	(0.2)	(0.5)
(8.9)	(8.6)	(17.5)

(20.4)	(0.1)	(20.5)

Consolidated Cash Flow Summary

(JPY bn)

Loss for the period Depreciation and amortization Net change in working capital Net interest paid

Tax paid Others

Net cash outflow from operating activities

Purchase of property, plant and equipment Others

Net cash outflow from investing activities Cash flow before financing activities

29 October 2015

FY2016 Quarter 2 Results 9

Key Performance Indicators

30-Sep-15 31-Mar-15

Net Debt (JPY bn)	398	374
Net Debt/EBITDA	6.8x	6.5x
Net Debt/Equity Ratio	2.2	2.0

Q2 FY2016 Q2 FY2015

EBITDA Interest Cover

Operating Return* on Sales

3.4x

3.2%

3.4x

3.3%

* trading profit

29 October 2015

FY2016 Quarter 2 Results 10

FY2016 Q2 Results (from 1 April 2015 to 30 September 2015)

Key Points Financial Results Business Update

Agenda

Forecast and Summary

29 October 2015

FY2016 Quarter 2 Results 11

External Revenue - Group Businesses

¥ 321.7 billion

Auto

North America 14%

Auto Japan

Auto - ROW 6%

Technical

Architectural Europe

15%

Architectural Japan 11%

Architectural North America 6%

Auto Europe

22%

Architectural - ROW 9%

Cumulative Q2 FY2016

29 October 2015

FY2016 Quarter 2 Results 12

Europe Q2 FY2015 v Q2 FY2016

€m €m

1,000

800

Q2 FY2015

FY2016 40

Architectural

Profits were negatively affected by a cold repair, offsetting the positive impact of lower input costs

600

400

200

0
351 35330

20
16 15

514 527 10

0
Arch Auto Trading profit
Signs of market improvement in some regions

Automotive
Local currency revenues and profits improved slightly from previous year
Growth in Western Europe indicating a sustainable market recovery

29 October 2015

FY2016 Quarter 2 Results 13

Japan Q2 FY2015 v Q2 FY2016

JPY bn JPY bn

70 FY2015

40 33

1.1

2.5

Q2 FY2016

4.0

3.0

2.0

1.0

Architectural

Results improved with increased volumes and prices, but market conditions prevented any significant upward price pressure

Automotive

Revenues and profits ahead of previous year, despite the fall of light-vehicles sales after the

2628

Arch Auto Trading profit

0.0

revised eco-car incentives

29 October 2015

FY2016 Quarter 2 Results 14

North America Q2 FY2015 v Q2 FY2016

$m $m

600 FY2015

FY2016 60

Architectural

Revenues and profits improved, as architectural markets continue to show growth

400

200

0
149 163
33 3640

389 37120

0
Arch Auto Trading profit

Automotive
Revenues were slightly below the previous year

29 October 2015
FY2016 Quarter 2 Results 15
Rest of World Q2 FY2015 v Q2 FY2016

$m $m

500

400

300

200
Q2 FY2015

256 27
Q2
FY2016 50

40
36
254
30

20
Architectural
Robust demand in South East Asia
Profits in Argentina affected by impact of cold repair

Automotive
Weak market conditions persist in South America

100

0
175 14910
0
Arch Auto Trading profit

29 October 2015
FY2016 Quarter 2 Results 16
Technical Glass Q2 FY2015 v Q2 FY2016

JPY bn JPY bn
Q2
30 FY2015

20

2.4
Q2 FY2016

4.0

3.0
Technical Glass
Revenues and profits fell due to challenging competitive environment and production issues in Display
Robust demand for components
used in office printers
29 26
100.2

0
Revenue Trading profit
2.0

1.0

0.0

Volumes of glass cord used in engine timing belts were similar to the previous year

29 October 2015

FY2016 Quarter 2 Results 17

FY2016 Q2 Results (from 1 April 2015 to 30 September 2015)

Key Points Financial Results Business Update

Agenda

Forecast and Summary

29 October 2015

FY2016 Quarter 2 Results 18

Original Forecast FY2016

655

New Forecast FY2016

650

Movement

(5)

Revised Forecast

(JPY bn)

Revenue Operating profit

Challenging market conditions expected to persist in display glass business
Other businesses performing as expected

29 October 2015

FY2016 Quarter 2 Results 19

Summary

Trading profit remains at same level as previous year
Indications of improving outlook in Europe
Improved performance in Japan
Performance in North America and South East Asia
remains strong
Difficult market conditions persist in South America
FY16 revenue and operating profit forecast revised to reflect challenging market conditions in Display glass business

29 October 2015

FY2016 Quarter 2 Results 20

Notice

The projections contained in this document are based on information currently

available to us and certain assumptions that we consider to be reasonable. Hence the actual results may differ. The major factors that may affect the results are the economic environment in major markets (such as Europe, Japan, the U.S. and Asia), product supply/demand shifts, and currency exchange fluctuations.

Nippon Sheet Glass Co., Ltd.

29 October 2015

FY2016 Quarter 2 Results 21

Appendices

29 October 2015 FY2016 Quarter 2 Results 22

Revenue by Business

(JPY bn)	Europe	Japan	North America	Rest of World	Total
Architectural	47.7	34.5	19.9	31.0	133.1
Automotive	71.2	27.8	45.3	18.1	162.4
Technical Glass	4.1	11.4	0.6	9.7	25.8
Others	0.1	0.3	0.0	0.0	0.4
Total	123.1	74.0	65.8	58.8	321.7

Q2 FY2016

29 October 2015

FY2016 Quarter 2 Results 23

Trading profit Q2 FY2016

(JPY bn)	Architectural	Automotive	Technical Glass	Other	Total
Trading profit	9.1	4.1	0.2	(3.3)	10.1

(JPY bn)	Europe	Japan	North America	Rest of World	Total
Trading profit	2.1	0.1	4.2	3.7	10.1

29 October 2015

FY2016 Quarter 2 Results 24

Average rates used:	Q2 FY2015	Q2 FY2016
JPY/GBP	173	188
JPY/EUR	140	135
JPY/USD	103	122
Closing rates used: JPY/GBP	178	182
JPY/EUR	139	135
JPY/USD	109	121
29 October 2015	FY2016 Quarter 2 Results

Assumptions

GROUP

distributed by

Latest news about Nippon Sheet Glass Company, Limited

Nippon Sheet Glass' Unit Issues 41 Billion Yen Worth of Notes	Apr. 23	MT
Nippon Sheet Glass Company, Limited Provides Earnings Guidance for the Full Year Ending March 31, 2024	Feb. 09	CI
Nippon Sheet Glass Company, Limited Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024	Nov. 09	CI
Nippon Sheet Glass Company, Limited(TSE:5202) dropped from Nikkei 225 Index	23-09-29	CI
US, China Economic Reports Boost Asian Stock Markets	23-09-15	MT
Japanese Shares Extend Gains on Week's Close on Strong Chinese Data; Tokyo Gas Rallies 4.62%	23-09-15	MT
Property Outlooks, Interest Rates Roil Asian Stock Markets	23-08-23	MT
China, Bank Outlooks Damp Asian Stock Markets	23-08-16	MT
Japan Shares Close Lower on Losses by Precision Instruments, Steel, Services Sectors	23-08-14	MT
China Outlook Dents Asian Stock Markets	23-08-14	MT
Japan's Nikkei falls over 1% as chip stocks, energy shares weigh	23-08-14	RE
Japan's Nikkei falls 1% as chip stocks, energy shares weigh	23-08-13	RE
Nippon Sheet Glass Company, Limited Revises Consolidated Earnings Guidance for the Six Months Ending September 30, 2023 and the Full Year Ending March 31, 2024	23-08-09	CI
Nippon Sheet Glass Company, Limited Provides Earnings Guidance for the Six Months Ending September 30, 2023 and the Full Year Ending March 31, 2024	23-08-09	CI
Wall Street Cues, FX, Beijing Stimulus Hopes Lift Asian Stock Markets	23-06-28	MT
Soaring Japan tech puts Nikkei on track to snap 4-day losing streak	23-06-27	RE
An unknown buyer acquired an unknown majority stake in SP Glass Holdings BV from Nippon Sheet Glass Company, Limited.	23-06-27	CI
Nippon Sheet Glass Company, Limited Reports Earnings Results for the Full Year Ended March 31, 2023	23-05-12	CI
Nippon Sheet Glass Company, Limited Provides Earnings Guidance for the Six Months Ending September 30, 2023 and the Full Year Ending March 31, 2024	23-05-12	CI
An unknown buyer agreed to acquire an unknown majority stake in SP Glass Holdings BV from Nippon Sheet Glass Company, Limited.	23-05-11	CI
Interest Rate Outlook Weighs on Asian Stock Markets	23-04-19	MT
Oil, Bank Issues Push Asian Stock Markets Higher	23-04-03	MT
China Inflation Bulletins Soften Asian Stock Markets	23-03-09	MT
Rising US Treasury Yields, Geopolitics Weigh on Asian Stock Markets	23-03-02	MT
Nippon Sheet Glass Company, Limited Revises Earnings Guidance for the Fiscal Year Ending 31 March 2023	23-02-09	CI

Chart Nippon Sheet Glass Company, Limited

Duration

Period

Chart Nippon Sheet Glass Company, Limited

More charts

Company Profile

Nippon Sheet Glass Company, Limited is mainly engaged in the manufacture and sale of glass products. The Company operates in four business segments. The Construction Glass segment provides sheet glass for construction material market and processed glass for interior and exterior uses. The Automobile Glass segment offers glass products for new automobile assembly and repair uses. The Functional Glass segment offers thin sheet glass for small displays, printer lens and optical components, as well as glass fiber products, such as battery separators and engine timing belt materials. The Other segment is involved in corporate management and other small businesses.

Sector

Construction Supplies & Fixtures

Calendar

2024-05-09 - Q4 2023 Earnings Release

More about the company

Income Statement Evolution

More financial data

Ratings for Nippon Sheet Glass Company, Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

519 JPY

Average target price

622.5 JPY

Spread / Average Target

+19.94%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Construction Supplies & Fixtures

	1st Jan change	Capi.
NIPPON SHEET GLASS COMPANY, LIMITED	-7.67%	301M
SAINT-GOBAIN	+12.06%	40.33B
ASSA ABLOY AB	+3.13%	30.34B
BUILDERS FIRSTSOURCE, INC.	+12.29%	22.89B
CARLISLE COMPANIES INCORPORATED	+27.07%	19.02B
MASCO CORPORATION	+4.61%	15.38B
TREX COMPANY, INC.	+9.00%	9.84B
FORTUNE BRANDS INNOVATIONS, INC.	-1.17%	9.32B
AGC INC.	+11.46%	7.75B
SIMPSON MANUFACTURING CO., INC.	-11.27%	7.37B

Other Construction Supplies & Fixtures