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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 FY ending Dec 2025 results

Nippon Electric Glass brought in ¥311.4B in revenue.

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%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +4.1% · profit +457.7%, calculated from disclosed figures.

Operating leverage: 112.58× (profit growth ÷ revenue growth)

What changed from last year

FY ending Dec 2024 → FY ending Dec 2025

Revenue
+4.1%¥299.2B → ¥311.4B
Gross profit
+47.3%¥54.3B → ¥80B
Operating income
+457.7%¥6.12B → ¥34.1B
Net income attributable to owners
+144.9%¥12.1B → ¥29.6B
Operating cash flow
-0.3%¥52.2B → ¥52B
Free cash flow
-34.2%¥35.1B → ¥23.1B

Results at a glance

  • Revenue for the FY ending Dec 2025 was ¥311.4B, up +4.1% from the prior year.
  • Profit grew far faster: operating income rose +457.7% to ¥34.1B, and net income attributable to owners rose +144.9% to ¥29.6B.
  • Cash did not follow the same path. Operating cash flow was flat at ¥52B (-0.3%), and free cash flow fell -34.2% to ¥23.1B.

What drove the change

  • Demand for display glass held up all year, and the company raised selling prices.
  • Sales of glass for electronic devices were strong, led by products for semiconductors and data centers.
  • Better productivity in displays, cost work in the glass fiber business and lower shipping costs lifted profit.

Things to watch

  • The glass fiber business faces tough competition; sales were weak and a UK subsidiary stopped operating.
  • Competition in support glass for semiconductors is expected to get tougher.
  • Higher prices or tight supply for raw materials, fuel and shipping could hurt results.

Annual Securities Report, 107th fiscal term (Jan–Dec 2025) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report, 107th fiscal term (Jan–Dec 2025) / 事業等のリスク

Where the money goes

FY ending Dec 2024 → FY ending Dec 2025

Where ¥100 of sales goes

For every ¥100 Nippon Electric Glass sells, how much goes where, and how much is kept.

FY ending Dec 2025
Cost of sales
¥74
SG&A
¥15
Operating profit
¥11
Net profit kept
¥10

Annual margin trends

Gross margin25.7%
FY ending Dec 2020: 21.2%21.2%FY ending Dec 2021: 28.2%28.2%FY ending Dec 2022: 26.4%26.4%FY ending Dec 2023: 11.9%11.9%FY ending Dec 2024: 18.2%18.2%FY ending Dec 2025: 25.7%25.7%FY20FY21FY22FY23FY24FY25
Operating margin11.0%
FY ending Dec 2020: 7.3%7.3%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%FY20FY21FY22FY23FY24FY25
Net margin9.5%
FY ending Dec 2020: 6.3%6.3%FY ending Dec 2021: 9.6%9.6%FY ending Dec 2022: 8.7%8.7%FY ending Dec 2023: -9.4%-9.4%FY ending Dec 2024: 4.0%4.0%FY ending Dec 2025: 9.5%9.5%FY20FY21FY22FY23FY24FY25

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

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)

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