NSG Group Earnings Report for Q3 FY2026 (April 1, 2025 – December 31, 2025)

Performance Overview

For the cumulative Q3 of FY2026, net sales increased significantly to 640.6 billion yen (YoY +10.6 billion yen), and operating income rose to 18.5 billion yen (YoY +7.7 billion yen). This improvement was primarily driven by recovery in the European architectural glass business and better selling prices in the North American automotive glass segment. Operating margin improved from 1.7% in the previous year to 2.9%. Net income reached 5.1 billion yen, an increase of 4.9 billion yen YoY, demonstrating notable profitability enhancement.

Segment Performance and Financial Position

The architectural glass segment recorded net sales of 272.7 billion yen (YoY -1.4 billion yen) but operating income increased by 10.3 billion yen to 18.9 billion yen, supported by higher selling prices and cost improvements in Europe. The automotive glass segment saw increased sales of 333.9 billion yen (YoY +15.0 billion yen) and operating income of 3.5 billion yen (YoY +0.9 billion yen), achieving growth in both revenue and profit. The high-performance glass segment experienced a decline with sales of 33.0 billion yen (YoY -3.2 billion yen) and operating income of 4.7 billion yen (YoY -1.0 billion yen). The equity ratio improved to 11.6%, while interest-bearing debt increased by 45.4 billion yen.