Nippon Electric Glass Q3 FY2026 Earnings Presentation

Cover: Q3 FY2026 (Fiscal Year Ending December 2026) Earnings Briefing

सामग्री

Title slide reading 'Earnings Briefing for the Third Quarter of the Fiscal Year Ending December 2026' (2026年12月期第3四半期決算説明会), dated October 30, 2026, from Nippon Electric Glass Co., Ltd. (日本電気硝子株式会社).

लेआउट संरचना

Centered title and date/company block on white background, vertical blue bar on the left edge, NEG logo top right, copyright line bottom left.

मुख्य दृश्य तत्व

• •Blue left accent bar
• •NEG logo
• •Centered large Japanese title
• •Date and company name

Section Divider: Q3 FY2026 Results Overview

सामग्री

Section header introducing the overview of results for the third quarter of the fiscal year ending December 2026 (2026年12月期第3四半期業績概要).

लेआउट संरचना

Single centered line of text on a plain white slide with the standard blue left bar and logo.

मुख्य दृश्य तत्व

• •Centered section title
• •Blue accent bar
• •NEG logo

Q3 Cumulative Consolidated Results Summary

सामग्री

Nine-month figures in ¥100 million (億円), FY2025 vs FY2026: net sales 2,320 to 2,324 (+0.2%); operating profit 243 (10.5% margin) to 160 (6.9%), down 33.9%; non-operating income -2 to 43; ordinary profit 240 to 204 (-15.1%); extraordinary items 21 to -31; net income attributable to owners 166 to 96 (-41.9%); EPS ¥213.41 to ¥130.96 (-38.6%). Operating profit drivers: (+) higher display selling prices and volumes; (-) costs of converting display furnaces to all-electric melting and scheduled repairs; (-) higher raw material and fuel prices including FX; (-) start-up costs for medical glass production equipment. Non-operating: FX gain of ¥1.6 billion vs a ¥2.4 billion loss a year earlier, mainly from revaluing intercompany loans to overseas subsidiaries. Extraordinary items: gain on sale of investment securities ¥6.8 billion (cross-shareholdings), gain on sale of fixed assets ¥3.6 billion (non-core assets), and business restructuring costs of -¥15.7 billion for the composites business's European and US sites.

लेआउट संरचना

Left: comparison table with blue header (prior year, current year, change %), current-year column shaded grey. Right: three headed bullet blocks explaining profit, non-operating and extraordinary drivers with (+)/(-) markers.

मुख्य दृश्य तत्व

• •Year-over-year results table
• •Shaded current-period column
• •Plus/minus driver bullets
• •Japanese triangle (△) negative notation

Segment Review: Electronics & Information

सामग्री

Display: demand for NEG's products remained broadly firm, but panel makers began production adjustments in the second half; sales up YoY. Electronic devices: strong information and communications demand centred on data centers, autos and home appliances steady, semiconductor applications below the prior year; sales up YoY. Nine-month segment sales rose from ¥127.1 billion (1,271 億円, 55% of total) to ¥133.4 billion (1,334 億円, 57%), with display just under 80% and electronic devices just over 20% of the segment. Quarterly sales (億円): FY2025 Q1-Q4 406, 430, 435, 465; FY2026 Q1-Q3 430, 456, 447.

लेआउट संरचना

Left half: two headed bullet sections (Display, Electronic Devices) each ending with an arrow conclusion. Right half: stacked bar comparing nine-month segment mix on top, seven-quarter bar chart below with FY2026 bars in blue.

मुख्य दृश्य तत्व

• •Stacked bar with segment share
• •Quarterly sales bar chart
• •Arrow conclusion lines
• •Grey vs blue period colouring

Segment Review: Performance Materials

सामग्री

Composites: sales at European and US sites fell due to restructuring (UK site production stopped in 2025, US site in 2026); sales down YoY. Medical, heat-resistant and building: pharmaceutical tubing glass sales fell YoY while radiation-shielding glass demand was firm; heat-resistant demand firm; building glass sales fell on fewer orders; segment sales flat YoY. Nine-month performance materials sales declined from ¥104.9 billion (1,049 億円, 45%) to ¥99.0 billion (990 億円, 43%), with composites just under 80% and medical etc. just over 20%. Quarterly sales (億円): FY2025 342, 358, 348, 327; FY2026 320, 356, 313.

लेआउट संरचना

Mirrors page 4: narrative bullets on the left for Composites and Medical/Heat-resistant/Building, stacked bar and quarterly bar charts on the right.

मुख्य दृश्य तत्व

• •Stacked bar highlighting performance materials share
• •Seven-quarter sales bars
• •Headed bullet sections
• •Arrow summary lines

Section Divider: FY2026 Forecast and Dividend Forecast

सामग्री

Section header for the full-year forecast and dividend forecast for the fiscal year ending December 2026 (2026年12月期業績予想及び配当予想).

लेआउट संरचना

Centered single-line section title on white slide with standard branding.

मुख्य दृश्य तत्व

• •Centered section title
• •Blue accent bar
• •NEG logo

Consolidated Forecast and Dividend Forecast Summary

सामग्री

FY2026 (¥100 million): nine-month actual vs full-year forecast vs FY2025 actual and change. Net sales 2,324 / 3,000 / 3,114 (-3.7%); operating profit 160 / 200 / 341 (-41.4%); operating margin 6.9% / 6.7% / 11.0%; ordinary profit 204 / 250 / 377 (-33.8%); net income attributable to owners 96 / 150 / 296 (-49.4%); dividend per share forecast ¥160 vs ¥150 the prior year. Economic outlook: the global economy is expected to remain uncertain, including the Middle East situation. Assumed exchange rates: US$1 = ¥157, €1 = ¥178.

लेआउट संरचना

Wide table on the left with blue header and shaded forecast column; right column with two headed text blocks for economic outlook and FX assumptions.

मुख्य दृश्य तत्व

• •Forecast table with highlighted full-year column
• •Year-over-year change column
• •FX assumption callout
• •Outlook text block

Q4 Outlook by Business

सामग्री

Display: demand expected to soften as panel makers adjust production; repair-related costs expected to be lower than in Q3. Electronic devices: sales expected to rise from Q3, supported by growth in semiconductor and information/communications applications. Composites: sales expected to fall significantly due to restructuring at the US subsidiary; production ramp-up of low-dielectric glass fiber to continue steadily. Medical, heat-resistant and building: stable demand expected across all three; expand sales of new cooktop top-plate products.

लेआउट संरचना

Four-row matrix: blue label boxes on the left (Display, Electronic Devices, Composites, Medical/Heat-resistant/Building) and outlined bullet boxes on the right.

मुख्य दृश्य तत्व

• •Blue segment label blocks
• •Outlined bullet text boxes
• •Row-based matrix layout

Section Divider: Reference Materials

सामग्री

Section header 'Reference Materials' (参考資料) introducing the appendix.

लेआउट संरचना

Centered section title on white background with standard branding.

मुख्य दृश्य तत्व

• •Centered title
• •Blue accent bar
• •NEG logo

Consolidated Income Statement (Quarterly)

सामग्री

Eleven quarters from FY2024 Q1 to FY2026 Q3 in ¥100 million. Net sales: FY2024 766, 780, 728, 717; FY2025 748, 789, 783, 793; FY2026 751, 813, 760. Operating profit: FY2024 7, 21, 17, 15; FY2025 78, 87, 76, 98; FY2026 64, 48, 47 (margin 8.6%, 6.0%, 6.2%). Ordinary profit FY2026: 89, 73, 41. FX gains/losses FY2026: 16, 14, -14. Extraordinary items FY2026: 34, -85, 19. Net income attributable to owners FY2024: 196, 105, 5, -186; FY2025: 50, 50, 65, 129; FY2026: 83, -19, 32.

लेआउट संरचना

Dense full-width table with two-level blue header (fiscal year, quarter), unit column, alternating light-blue row shading.

मुख्य दृश्य तत्व

• •Two-tier column header
• •Unit column
• •Alternating row shading
• •Triangle negative notation

Key Consolidated Financial Data (FY2021-FY2025)

सामग्री

Five fiscal years in ¥100 million. Net sales 2,920 / 3,246 / 2,799 / 2,992 / 3,114; operating profit 327 / 261 / -104 / 61 / 341; operating margin 11.2% / 8.1% / -3.7% / 2.0% / 11.0%; net income 279 / 281 / -261 / 120 / 296; depreciation 267 / 289 / 371 / 289 / 242; capex 448 / 680 / 344 / 369 / 343; R&D 65 / 72 / 80 / 78 / 88; total assets 6,981 / 7,479 / 7,039 / 6,951 / 7,014; interest-bearing debt 968 / 1,055 / 1,203 / 1,132 / 993; shareholders' equity 4,756 / 4,927 / 4,444 / 4,174 / 4,164; operating cash flow 698 / 315 / -13 / 522 / 520; investing cash flow -317 / -571 / -207 / 426 / -103; free cash flow 381 / -255 / -221 / 948 / 416; equity ratio 70.9% / 70.1% / 69.2% / 69.6% / 70.2%; ROE 5.8% / 5.5% / -5.2% / 2.5% / 6.1%.

लेआउट संरचना

Full-width five-column table with blue year headers, shaded label and unit columns.

मुख्य दृश्य तत्व

• •Multi-year financial table
• •Shaded row labels
• •Unit column
• •Blue header row

Shareholder Returns

सामग्री

Dividend: no cut for more than 20 years and continuously raised, with an annual ¥160 per share planned for FY2026 (¥80 interim + ¥80 year-end). Share buyback: ¥20 billion in progress for FY2026 (announced February 6, 2026). Chart shows annual dividends from FY2015 (¥40 + ¥40) to FY2025 (¥70 + ¥80), with DOE (dividend on equity) rising from 1.6% to 2.7% and a target of 3.0% by FY2028. Buyback history labels: about ¥10 billion around FY2019, about ¥10 billion around FY2022, about ¥60 billion across FY2024-FY2025, ¥20 billion underway in FY2026 and ¥20 billion planned during the EGP2028 plan period. DOE is defined as total dividends divided by consolidated shareholders' equity.

लेआउट संरचना

Two headline bullets at the top; stacked bar chart of interim and year-end dividends by year with a pink DOE line overlay; buyback amounts in blue boxes under the x-axis; dotted arrow to a boxed 3.0% target.

मुख्य दृश्य तत्व

• •Stacked dividend bars
• •DOE line with markers
• •Dotted target arrow
• •Buyback labels below axis
• •Highlighted FY2026 plan bar

Nippon Electric Glass Company Overview

सामग्री

Main businesses. Electronics & Information - Display: LCD and OLED display glass, ultra-thin glass G-Leaf, chemically strengthened ultra-thin glass Dinorex UTG, UV-shielding ultra-thin glass. Electronic devices: glass for semiconductor processes, LTCC products, functional powder glass, image sensor cover glass, small electronic component tubing glass, optoelectronics glass, phosphor glass Lumiphous. Performance Materials - Composites: chopped strands for reinforced resins and building materials, rovings, alkali-resistant glass fiber WizARG for cement reinforcement, low-dielectric glass fiber for electronic materials. Medical: pharmaceutical tubing glass, radiation-shielding glass LX Premium. Heat-resistant: Neoceram and StellaShine cooktop top plates. Building: FireLite fire-rated glass, glass blocks, Neoparies crystallized glass. Other: lighting glass and glass engineering. Corporate profile: headquarters in Otsu, Shiga; founded December 1, 1949; Chairman Motoharu Matsumoto and President Akira Kishimoto; capital ¥32,155 million; plants in Otsu, Shiga-Takatsuki, Notogawa and a precision glass processing center; sales offices in Osaka and Tokyo; 9 domestic and 13 overseas consolidated subsidiaries (Malaysia, China, Taiwan, Korea, US, Europe).

लेआउट संरचना

Two-panel layout: left panel product catalogue table grouped by segment; right panel company profile key-value list, both with blue header bars.

मुख्य दृश्य तत्व

• •Segment-grouped product table
• •Company profile key-value list
• •Blue panel headers
• •Registered trademark product names

Cautionary Note on Forecasts

सामग्री

Disclaimer that the forecasts in this material are based on assumptions the company judges reasonable at present and include risks and uncertainties, and that actual results may differ materially due to various important factors.

लेआउट संरचना

Centered heading above a single outlined box containing two diamond-bulleted statements.

मुख्य दृश्य तत्व

• •Outlined text box
• •Diamond bullets
• •Centered heading

Closing Slide and IR Contact

सामग्री

Large NEG logo with the Japanese company name 日本電気硝子, plus IR contact: Corporate Communications Department, IR Group, telephone 077-537-1702, website www.neg.co.jp.

लेआउट संरचना

Centered oversized logo and wordmark, contact block bottom right.

मुख्य दृश्य तत्व

• •Large blue NEG logo
• •Japanese wordmark
• •IR contact block