# NGK vs Nippon Electric Glass

> Unit: JPY millions (ratios in %)
> Periods: NGK = FY ending Mar 2026, consolidated, J-GAAP / Nippon Electric Glass = FY ending Dec 2025, consolidated, J-GAAP
> Retrieved: 2026-09-30T20:36:19.731Z

| Metric | NGK | Nippon Electric Glass |
| --- | ---: | ---: |
| Revenue | 670,125 | 311,402 |
| Operating income | 94,997 | 34,131 |
| Net income | 59,936 | 29,616 |
| COGS ratio | 70.9% | 74.3% |
| Operating margin | 14.2% | 11.0% |
| Net margin | 8.9% | 9.5% |
| FCF margin | 12.3% | 7.4% |
| Period | FY ending Mar 2026 | FY ending Dec 2025 |
| Source | S100YF7M | S100XU17 |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | NGK | Nippon Electric Glass |
| --- | ---: | ---: |
| Revenue growth | 67.6 (17 peers) | 26.5 (17 peers) |
| Profitability | 73.5 (17 peers) | 55.9 (17 peers) |
| Cash conversion | 71.9 (16 peers) | 78.1 (16 peers) |
| Efficiency | 55.9 (17 peers) | 26.5 (17 peers) |
| Financial strength | 30 (5 peers) | 50 (5 peers) |

## Company details

- https://vizora.meequs.com/en/company/ngk/md
- https://vizora.meequs.com/en/company/nippon-electric-glass/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).