Vizora日本語

Nippon Electric GlassNippon Electric Glass Co., Ltd.5214東証プライムガラス・土石製品FY ending Dec 2025, consolidated, J-GAAP

Nippon Electric Glass revenue and profit

Out of every ¥100 of sales, about ¥11 is left as operating profit. Revenue changed +4.1% from the prior year, operating profit +457.7%.

Five-year trend

Revenue¥311.4B
FY ending Dec 2021: ¥292B¥292BFY ending Dec 2022: ¥324.6B¥324.6BFY ending Dec 2023: ¥280B¥280BFY ending Dec 2024: ¥299.2B¥299.2BFY ending Dec 2025: ¥311.4B¥311.4BFY21FY22FY23FY24FY25
Operating income¥34.1B
FY ending Dec 2021: ¥32.8B¥32.8BFY ending Dec 2022: ¥26.2B¥26.2BFY ending Dec 2023: -¥10.4B-¥10.4BFY ending Dec 2024: ¥6.12B¥6.12BFY ending Dec 2025: ¥34.1B¥34.1BFY21FY22FY23FY24FY25
Operating margin11.0%
FY ending Dec 2021: 11.2%11.2%FY ending Dec 2022: 8.1%8.1%FY ending Dec 2023: -3.7%-3.7%FY ending Dec 2024: 2.0%2.0%FY ending Dec 2025: 11.0%11.0%FY21FY22FY23FY24FY25

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin9.5%
Asset turnover0.45×
ROA4.2%
ROA4.2%
Financial leverage1.67×
ROE7.1%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin9.5%
2021: 9.6%9.6%2022: 8.7%8.7%2024: 4.0%4.0%2025: 9.5%9.5%2122232425
Asset turnover0.45×
2021: 0.42×0.42×2022: 0.45×0.45×2024: 0.43×0.43×2025: 0.45×0.45×2122232425
ROA4.2%
2021: 4.0%4.0%2022: 3.9%3.9%2023: -3.6%-3.6%2024: 1.7%1.7%2025: 4.2%4.2%2122232425
Financial leverage1.67×
2021: 1.47×1.47×2022: 1.49×1.49×2024: 1.62×1.62×2025: 1.67×1.67×2122232425
ROE7.1%
2021: 5.9%5.9%2022: 5.8%5.8%2024: 2.8%2.8%2025: 7.1%7.1%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20219.6%0.42×4.0%1.47×5.9%
20228.7%0.45×3.9%1.49×5.8%
2023——×-3.6%—×—
20244.0%0.43×1.7%1.62×2.8%
20259.5%0.45×4.2%1.67×7.1%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue115.8%
2020: 146.5%146.5%2021: 130.2%130.2%2022: 131.1%131.1%2023: 140.4%140.4%2024: 118.3%118.3%2025: 115.8%115.8%202122232425
PPE ÷ total assets51.4%
2020: 54.1%54.1%2021: 54.5%54.5%2022: 56.9%56.9%2023: 55.8%55.8%2024: 50.9%50.9%2025: 51.4%51.4%202122232425

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥8.81B
2020: ¥6.26B¥6.26B2021: ¥6.6B¥6.6B2022: ¥7.27B¥7.27B2023: ¥8.09B¥8.09B2024: ¥7.88B¥7.88B2025: ¥8.81B¥8.81B202122232425
R&D / revenue2.8%
2020: 2.6%2.6%2021: 2.3%2.3%2022: 2.2%2.2%2023: 2.9%2.9%2024: 2.6%2.6%2025: 2.8%2.8%202122232425
Receivable days—
2020: 88d88d2021: 74d74d202122232425
Payable days61d
2020: 54d54d2021: 74d74d2022: 80d80d2023: 64d64d2024: 59d59d2025: 61d61d202122232425

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue292,033324,634279,974299,237311,402
Cost of revenue209,781239,065246,764244,914231,392
Gross profit82,25285,56933,21054,32280,010
SG&A49,47259,38443,63148,20245,879
Operating income32,77926,184-10,4206,12034,131
Pretax income39,13939,517-28,61223,76441,925
Income tax10,90411,022-2,32611,21811,866
Net income attributable to owners27,90428,167-26,18812,09129,616
Operating margin11.2%8.1%-3.7%2.0%11.0%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 17%
Property, plant and equipment 51%
1%
6%
Other assets 25%

Funding

6%
Interest-bearing debt 12%
Other liabilities 11%
Equity 71%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥134.7B¥106.9B¥75.1B¥123.6B¥120.3B
Total assets¥698.1B¥747.9B¥703.9B¥695.2B¥701.4B
Net assets¥499.7B¥528.9B¥490.1B¥487.6B¥496.2B
Share capital¥32.2B¥32.2B¥32.2B¥32.2B¥32.2B
Trade receivables¥59.6B————
Property, plant and equipment¥380.3B¥425.6B¥393B¥353.9B¥360.7B
Intangible assets excluding goodwill¥4.96B¥5.34B¥5B¥4.36B¥4.12B
Investment securities¥45B¥40.8B¥43.4B¥43.1B¥42B
Current assets¥264.5B¥271.7B¥253.1B¥285.5B¥283.8B
Current liabilities¥117.9B¥131.7B¥109B¥123B¥117.8B
Trade payables¥42.5B¥52.1B¥43.2B¥39.4B¥39B
Short-term borrowings¥24.9B¥40.9B¥32.5B¥45.8B¥23.7B
Long-term borrowings¥39.9B¥42.6B¥65.8B¥45.5B¥53.7B
Bonds¥20B¥20B¥20B¥20B¥10B
Interest-bearing debt¥84.8Bderived¥103.5Bderived¥118.3Bderived¥111.3Bderived¥87.4Bderived
Total liabilities¥198.4B¥219B¥213.8B¥207.6B¥205.2B
Non-controlling interests¥4.67B¥4.57B¥3.08B¥3.54B¥3.81B
Equity attributable to owners of parent¥475.7B¥492.7B¥444.4B¥417.5B¥416.5B
Retained earnings¥429.4B¥446.4B¥409.9B¥411B¥398.5B
Treasury stock-¥20.1B-¥20.1B-¥31.9B-¥60B-¥48.1B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第107期(2025/01/01－2025/12/31)

    ID S100XU172026-03-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第106期(2024/01/01－2024/12/31)

    ID S100VIV12025-03-31Open

  • EDINET (FSA Japan)

    有価証券報告書－第105期(2023/01/01－2023/12/31)

    ID S100T66Z2024-03-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第104期(2022/01/01－2022/12/31)

    ID S100QIFF2023-03-31Open

  • EDINET (FSA Japan)

    有価証券報告書－第103期(令和3年1月1日－令和3年12月31日)

    ID S100NSVW2022-03-31Open

  • EDINET (FSA Japan)

    有価証券報告書－第102期(令和2年1月1日－令和2年12月31日)

    ID S100L2LK2021-03-31Open

Extracted from XBRL: 54 / Derived from other figures: 2

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.

Open MarkdownShare on XSave image