Nippon Sheet Glass Company, Limited
Financial Summary for the Third Quarter of Fiscal Year Ending March 2026 [IFRS] (Consolidated)
For the third quarter of the fiscal year ending March 2026, consolidated net sales were 640.6 billion yen (1.7% YoY increase), operating income was 18.5 billion yen (71.3% YoY increase), and net loss attributable to owners of the parent was 5.1 billion yen (compared to a loss of 10.1 billion yen in the same period last year).
Key Figures
- Net Sales: 640,565 million yen (1.7% YoY increase)
- Operating Income: 18,511 million yen (71.3% YoY increase)
- Net Loss Attributable to Owners of Parent for the Quarter: △5,134 million yen (previous period was △10,079 million yen)
AI要約
Overview of Business Performance
For the cumulative consolidated third quarter period of the fiscal year ending March 2026, net sales amounted to 640,565 million yen (1.7% YoY increase), and operating income was 18,511 million yen (71.3% YoY increase). The increase in operating income was mainly due to improved selling prices in the architectural glass business in Europe. Net loss attributable to owners of the parent was 5,134 million yen, a significant improvement from the 10,079 million yen loss in the same period last year. Profit before tax turned positive at 825 million yen. Although financial costs increased, improved equity method investment income contributed positively.
Performance by Segment
The architectural glass segment recorded net sales of 272.7 billion yen (decrease YoY) and operating income of 18.9 billion yen (increase YoY), with the improvement in selling prices in Europe contributing to profit growth. The automotive glass segment achieved net sales of 333.9 billion yen (increase YoY) and operating income of 3.5 billion yen (increase YoY), supported by volume growth in South America. The functional glass segment had net sales of 33.0 billion yen (decrease YoY) and operating income of 4.7 billion yen (decrease YoY), affected by reduced demand in the information and communications device business. Others include amortization expenses of intangible assets, etc.
Financial Position Overview
As of the end of December 2025, total assets stood at 1.0749 trillion yen, an increase of 42 billion yen compared to the previous fiscal year-end. Total equity was 154.7 billion yen, up 12.3 billion yen, resulting in an equity ratio of 11.6%. Net borrowings amounted to 520.1 billion yen, increasing by 65.8 billion yen due to seasonal working capital increases and foreign exchange effects. Cash flow from operating activities was negative 4.6 billion yen, investing activities cash flow was negative 27.6 billion yen, and free cash flow was negative 32.2 billion yen.
Outlook and Medium-Term Management Plan
There are no revisions to the consolidated earnings forecast for the fiscal year ending March 2026. Net sales are expected to be 850 billion yen, operating income 31 billion yen, and net income attributable to owners of the parent 2 billion yen. In pursuit of achieving the financial targets for the fiscal year ending March 2027, the midpoint of the medium-term management plan “2030 Vision : Shift the Phase,” the company is promoting four strategic pillars: business development, decarbonization, digital transformation, and diverse human resources.
