Consumer Durables

Nippon Sheet Glass Co., Ltd.

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Business Summary

Nippon Sheet Glass Co., Ltd. engages in the manufacture and sale of glass and glazing products. It operates through the following businesses: Architectural, Automotive, Technical Glass, and Others. The Architectural business manufactures and sells flat glass, interior and external glazing products, and glass for the solar energy sector. The Automotive business supplies automotive glazing for new vehicles and replacement markets. The Technical Glass business manufactures and sells very thin glass for small displays, lenses, light guides for printers, and glass fiber products that includes battery separators and glass components for engine timing belts. The Others business includes company-wide costs, consolidation adjustments, small businesses not included in the aforementioned segments, and amortization of intangible assets recognized in connection with the acquisition of Pilkinton.The company was founded on November 22, 1918 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2022	JPY	USD
Revenue	600,568M	5,344.43M
Gross Profit	125,931M	1,120.65M
Operating income	18,438M	164.07M
Income before tax	11,157M	99.28M
Net income	4,134M	36.78M
EBITDA	55,293M	492.05M
Diluted EPS	23.92	0.21
Dividends Per Share	0	0
Total Assets	946,486M	7,798.03M
Total liabilities	777,131M	6,402.72M
Total equity	145,291M	1,197.04M
Operating cash flow	50,743M	451.55M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	598,897M	612,789M	556,178M	499,224M	600,568M
Gross Profit	153,843M	154,056M	124,462M	105,415M	125,931M
Operating income	33,885M	37,625M	17,898M	9,501M	18,438M
Income before tax	22,146M	22,730M	-13,549M	-17,171M	11,157M
Net income	6,164M	13,287M	-18,925M	-16,930M	4,134M
EBITDA	63,539M	65,740M	52,939M	45,446M	55,293M
Diluted EPS	38.86	85.14	-235.95	-208.31	23.92
Dividends Per Share	20	20	0	0	0
Total Assets	792,177M	764,159M	767,221M	828,146M	946,486M
Total liabilities	648,462M	631,653M	679,027M	748,384M	777,131M
Total equity	135,192M	123,760M	73,612M	62,937M	145,291M
Operating cash flow	37,224M	32,636M	31,934M	24,453M	50,743M

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	5,403.62M	5,525.86M	5,115.41M	4,707.11M	5,344.43M
Gross Profit	1,388.06M	1,389.21M	1,144.73M	993.94M	1,120.65M
Operating income	305.73M	339.28M	164.61M	89.58M	164.07M
Income before tax	199.81M	204.96M	-124.61M	-161.90M	99.28M
Net income	55.61M	119.81M	-174.06M	-159.63M	36.78M
EBITDA	573.28M	592.81M	486.90M	428.50M	492.05M
Diluted EPS	0.35	0.76	-2.17	-1.96	0.21
Dividends Per Share	0.18	0.18	0	0	0
Total Assets	7,448.77M	6,903.90M	7,106.85M	7,494.53M	7,798.03M
Total liabilities	6,097.43M	5,706.76M	6,289.90M	6,772.70M	6,402.72M
Total equity	1,271.19M	1,118.12M	681.87M	569.56M	1,197.04M
Operating cash flow	335.85M	294.29M	293.71M	230.56M	451.55M

Valuation Measures

Mar 2022
PER	17.77
ROA	0.46%
ROE	3.97%
Operating margin	3.07%
Profit margin	0.68%

Key executives

President, Chief Executive Officer & Director: Shigeki Mori
COO, Director & Representative Executive VP: Munehiro Hosonuma
Chief Financial Officer: Reiko Kusunose
Chief Technology Officer: Michael Robert Greenall
Chief Risk & Legal Officer, Manager-Compliance: Koichi Hiyoshi

Shareholders

Nomura Asset Management Co., Ltd. (4.5%)
Dimensional Fund Advisors LP (3.6%)
Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.5%)
Nikko Asset Management Co., Ltd. (2.7%)
The Vanguard Group, Inc. (2.6%)
Daiwa Asset Management Co. Ltd. (2.0%)
Nippon Sheet Glass Business Association (1.5%)
Saudi Arabian Monetary Agency (Investment Management) (1.4%)
Sumitomo Life Insurance Co. (1.0%)
Charles Schwab Investment Management, Inc. (0.9%)

Contact Details

Website:http://www.nsg.co.jp
Address: Sumitomo Fudosan Mita Twin Bldg West, 3-5-27 Mita, Tokyo, 108-6321, Japan
Phone: +81.3.5443.9523

Related Companies

Nippon Sheet Glass Co. Ltd. /2 Subs/
NSG Glass North America, Inc.
Nippon Sheet Glass Co. Ltd. /Battery Separator Business/
Nippon Sheet Glass Ireland Ltd.
Pilkington Glass of Canada Ltd.
NSG Asia Pte Ltd.
Nippon Sheet Glass Business Association
NSG Vietnam Glass Industries Ltd.
Pilkington Automotive India Pvt Ltd.
Shanghai Sheet Glass Machinery & Electrnc Int'l Trading Co.
Tianjin NSG Safety Glass Co. Ltd.
Suzhou NSG Electronics Co. Ltd.
NSG (Shanghai) Ltd.
Pilkington Brothers Superannuation Trustee Ltd.
Pilkington Properties Ltd.
L.N. Safety Glass SA de CV (California)
Pilkington Benelux Agr BV
OKI Glass Co. Ltd.
NSG Building Products Co. Ltd.
Nishinihon ITA Glass Center KK
NSG D&G System Co. Ltd.
Nippon Mukishoji Co. Ltd.
Chubu Rarts Co. Ltd.
Nissho Kosan Co. Ltd.
Kagami Crystal Co. Ltd.
NSG Interior KK
Nihon Itagarasu Minamikyushu Hambai KK
Bauglasindustrie GmbH
Pilkington Automotive Deutschland GmbH
Pilkington Prescot Ireland

Competitors

Compagnie de Saint-Gobain SA
Research Frontiers Incorporated
KCC GLASS Corporation

Last Updated on 27 Jan, 2023