Electronic Technology

Nippon Electric Glass Co., Ltd.

Business Summary

Nippon Electric Glass Co., Ltd. engages in the manufacture and sale of specialty glass products and glassmaking machinery. It offers glass for flat panel displays, optical devices, electronic devices, solar cells, building materials, lighting, pharmaceutical, and medical applications; glass fiber; heat-resistant glasses; and thin film coatings. The company was founded on October 31, 1944 and is headquartered in Otsu, Japan.

Financial Highlights

Dec 2022	JPY	USD
Revenue	324,634M	2,468.18M
Gross Profit	84,715M	644.08M
Operating income	25,331M	192.59M
Income before tax	39,517M	300.44M
Net income	28,168M	214.16M
EBITDA	54,293M	412.78M
Diluted EPS	302.74	2.30
Dividends Per Share	120	0.91
Total Assets	747,907M	5,668.32M
Total liabilities	218,992M	1,659.72M
Total equity	524,345M	3,973.96M
Operating cash flow	31,563M	239.97M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	300,326M	257,511M	242,886M	292,033M	324,634M
Gross Profit	68,118M	55,928M	51,720M	83,416M	84,715M
Operating income	24,130M	15,676M	16,434M	32,423M	25,331M
Income before tax	25,428M	-19,268M	19,896M	39,139M	39,517M
Net income	15,200M	-33,668M	15,253M	27,905M	28,168M
EBITDA	56,109M	46,462M	41,365M	59,144M	54,293M
Diluted EPS	154.24	-348.48	157.83	290.97	302.74
Dividends Per Share	100	100	100	110	120
Total Assets	725,320M	664,800M	658,139M	698,129M	747,907M
Total liabilities	203,769M	187,643M	181,215M	198,382M	218,992M
Total equity	516,452M	472,031M	472,199M	495,070M	524,345M
Operating cash flow	52,002M	21,637M	47,861M	69,881M	31,563M

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	2,719.28M	2,362.25M	2,274.88M	2,657.90M	2,468.18M
Gross Profit	616.77M	513.05M	484.41M	759.20M	644.08M
Operating income	218.48M	143.80M	153.92M	295.09M	192.59M
Income before tax	230.23M	-176.75M	186.34M	356.21M	300.44M
Net income	137.62M	-308.85M	142.86M	253.97M	214.16M
EBITDA	508.03M	426.21M	387.42M	538.29M	412.78M
Diluted EPS	1.39	-3.19	1.47	2.64	2.30
Dividends Per Share	0.90	0.91	0.93	1.00	0.91
Total Assets	6,610.94M	6,117.32M	6,374.53M	6,062.51M	5,668.32M
Total liabilities	1,857.25M	1,726.64M	1,755.19M	1,722.73M	1,659.72M
Total equity	4,707.21M	4,343.51M	4,573.57M	4,299.16M	3,973.96M
Operating cash flow	470.85M	198.48M	448.26M	636.01M	239.97M

Valuation Measures

Dec 2022
PER	7.74
ROA	3.89%
ROE	5.52%
Operating margin	7.80%
Profit margin	8.67%

Key executives

President & Head-Audit: Akira Kishimoto
Director, Head-Basic Technology & Quality Audit: Hiroki Yamazaki
Executive Officer & Head-Information Systems: Yoshiyuki Tamamura
Managing Executive Officer & GM-Process Technology: Haruki Matsumiya
Managing Executive Officer, GM-R&D: Masaaki Kadomi

Shareholders

Nipro Corp. (8.9%)
Nippon Electric Glass Co., Ltd. (6.5%)
Nomura Asset Management Co., Ltd. (5.7%)
Nikko Asset Management Co., Ltd. (4.1%)
Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.7%)
Daiwa Asset Management Co. Ltd. (2.5%)
Dimensional Fund Advisors LP (2.3%)
The Vanguard Group, Inc. (2.0%)
Baillie Gifford & Co. (1.9%)
The Shiga Bank, Ltd. (1.6%)

Contact Details

Website:http://www.neg.co.jp
Phone: +81.77.537.1700

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Competitors

Corning Inc
China Jushi Co., Ltd. Class A
Vactronics Technologies, Inc.

Last Updated on 30 Mar, 2023