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Nippon Electric Glass Co
(OTC:5214)
Nippon Electric Glass Co (5214) vs. S&P 500 (SPY)
Nippon Electric Glass Co Business Overview & Revenue Model
Nippon Electric Glass Co Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 299.24B | 279.97B | 324.63B | 292.03B | 242.89B | Gross Profit |
| 54.32B | 33.21B | 85.57B | 82.25B | 51.46B | EBIT |
| 6.12B | -10.42B | 36.77B | 46.81B | 17.66B | EBITDA |
| 34.41B | 9.84B | 54.29B | 59.14B | 41.37B | Net Income Common Stockholders |
| 12.09B | -26.19B | 28.17B | 27.90B | 15.25B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 123.96B | 75.40B | 107.15B | 134.97B | 121.44B | Total Assets |
| 695.16B | 703.92B | 747.91B | 698.13B | 658.14B | Total Debt |
| 111.27B | 118.34B | 103.53B | 94.82B | 101.69B | Net Debt |
| -12.70B | 42.94B | -3.63B | -40.15B | -19.75B | Total Liabilities |
| 207.60B | 213.79B | 219.00B | 198.39B | 181.22B | Stockholders Equity |
| 484.02B | 487.05B | 524.34B | 495.07B | 472.20B |
| Cash Flow | Free Cash Flow | |||
| 35.06B | -30.45B | -28.44B | 34.82B | 22.69B | Operating Cash Flow |
| 52.20B | -1.36B | 31.56B | 69.88B | 47.86B | Investing Cash Flow |
| 42.60B | -20.78B | -57.16B | -31.75B | -19.76B | Financing Cash Flow |
| -48.83B | -11.57B | -5.87B | -29.18B | -7.74B |
Nippon Electric Glass Co Technical Analysis
Nippon Electric Glass Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $883.89B | 9.99 | 13.60% | 3.77% | 7.52% | 19.95% | |
66 Neutral | $437.79B | 6.70 | 11.45% | 1.96% | 4.44% | 409.76% | |
66 Neutral | $582.81B | 12.38 | 9.16% | 2.78% | 3.01% | 61.47% | |
59 Neutral | $10.73B | 10.11 | -6.65% | 3.02% | 7.41% | -11.17% | |
58 Neutral | $265.15B | 23.19 | 2.49% | 3.68% | 6.88% | ― | |
56 Neutral | $192.52B | 19.46 | -17.96% | 3.08% | -3.80% | -322.48% | |
52 Neutral | $934.25B | ― | -6.25% | 4.43% | 2.39% | -246.18% |
Nippon Electric Glass Co Corporate Events
Nippon Electric Glass Co., Ltd. announced the introduction of a restricted share-based remuneration plan for its Executive Officers and Directors, aiming to incentivize sustainable corporate value growth and align interests with shareholders. The plan involves the disposal of 11,100 treasury shares, valued at 3,564 yen each, to three Directors and fourteen Executive Officers, enhancing the company’s commitment to long-term value creation.
Nippon Electric Glass Co., Ltd. has announced a strategic review of its composites business at Electric Glass Fiber UK, Ltd. due to challenging market conditions, including high costs and sluggish sales. The review will explore options such as selling the business or forming partnerships, with the possibility of ceasing operations if no viable solutions are found, impacting stakeholders and potentially altering the company’s market positioning.
Nippon Electric Glass Co., Ltd. announced the status of its share repurchase program, which was resolved in February 2025. During March 2025, the company repurchased 544,400 shares for approximately 1.93 billion yen through open market purchases on the Tokyo Stock Exchange. This move is part of a larger plan to repurchase up to 7 million shares, representing 8.67% of total outstanding shares, with a budget of up to 20 billion yen by December 2025. This strategic action is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
Nippon Electric Glass, in collaboration with Osaka University, National Institute of Fusion Science, and Kyoto University, has developed the Glass Faraday Element, a key component for large high-power lasers. This innovation addresses the issue of laser back reflection, enhancing applications in laser fusion, space debris removal, and cancer therapy. The Glass Faraday Element surpasses conventional materials by allowing larger sizes and higher power resistance, positioning the company at the forefront of advanced laser technology.
Nippon Electric Glass Co., Ltd. announced the status of its share repurchase program, which was resolved in a Board of Directors meeting on February 5, 2025. The company repurchased 862,400 shares for a total amount of 3,113,466,200 yen between February 6 and February 28, 2025, as part of a broader plan to repurchase up to 7 million shares by December 23, 2025. This move is likely to impact the company’s stock value and shareholder equity positively.
Nippon Electric Glass Co. has announced an extraordinary loss for the fiscal year 2024 due to decreased profitability in its display and composites businesses, primarily caused by increased raw material and energy costs. This loss led to impairment charges of 12.6 billion yen and 11.1 billion yen for the Japanese and Malaysian operations, respectively. Although operating and ordinary profits exceeded forecasts due to improved productivity and foreign exchange gains, the overall profit was below expectations, significantly impacting the financial results and highlighting the challenges faced by the company in the current economic climate.
Nippon Electric Glass Co., Ltd. reported a significant turnaround in its financial performance for the fiscal year ended December 31, 2024, with net sales increasing by 6.9% to 299,237 million yen and a return to profitability, marking a stark improvement from the previous year’s losses. The company’s strong performance is reflected in its cash flow improvement and an increase in dividends, signaling a positive outlook and enhanced value for shareholders.
Nippon Electric Glass Co., Ltd. announced an extraordinary loss in its fiscal year 2024 due to decreased profitability in its display and composites businesses, attributed to rising raw material and energy costs. This resulted in a significant impairment loss and a notable difference between the company’s earnings forecasts and actual results, impacting net sales and profits, although operating and ordinary profits saw some improvement due to productivity gains and foreign exchange benefits.
Nippon Electric Glass Co., Ltd. announced its consolidated financial results for the fiscal year ended December 31, 2024. The company experienced a significant turnaround, reporting net sales of 299,237 million yen, a 6.9% increase year-on-year. The return to profitability, with a profit attributable to owners of parent of 12,091 million yen, marks a substantial recovery from the previous year’s losses. The improved financial performance is attributed to increased sales and effective cost management, enhancing the company’s market position and providing positive implications for stakeholders, including an increased annual dividend.
Nippon Electric Glass Co., Ltd. announced a share repurchase plan aimed at improving capital efficiency and enhancing shareholder returns as part of its medium-term management plan ‘EGP2028’. The company plans to repurchase up to 7 million common shares, representing 8.67% of total outstanding shares, with a budget of up to 20 billion yen, using market trades on the Tokyo Stock Exchange from February 6, 2025, to December 23, 2025.
Nippon Electric Glass Co., Ltd. announced the cancellation of 10,000,000 of its common treasury shares, which constituted 10.05% of the total shares outstanding before cancellation. This move reduces the total shares outstanding to 89,523,246, potentially enhancing shareholder value and streamlining its capital structure.
Nippon Electric Glass Co., Ltd. has collaboratively developed ‘HandySPIM,’ an innovative light source for light sheet microscopes, using its Glass-ribbon technology. This new device, developed with partners from the University of Tokyo, Miyuki Giken Co., Ltd., and PhotonTech Innovations Co., Ltd., enables high-resolution imaging in pathology and bioscience without the need for large-scale optical equipment. HandySPIM is highly portable, cost-effective, and can be used with standard optical microscopes, thus potentially transforming imaging technology in scientific research.
Nippon Electric Glass Co. has been selected to utilize city-owned land in Kyoto’s Sujin area to relocate its head office. The company will collaborate with JR Development and Management Corporation to develop the Kyoto Station East Complex Hub, which aims to create a vibrant business and commercial space, enhancing the city’s growth and innovation. The project includes a multi-use 8-story building with business offices and community spaces, scheduled for completion in 2028.
Nippon Electric Glass Co., Ltd. announced the development of a new glass-ceramic core substrate, GC Core™, with a large panel size of 515 × 510 mm for next-generation semiconductor packages. This innovation addresses the increasing demand for larger substrates in semiconductor manufacturing, driven by the growing needs of data centers and generative AI. The new substrate allows manufacturers to use existing equipment, potentially reducing production costs and capital investment, and represents a significant advancement towards mass production of advanced semiconductor packages.