Nippon Sheet Glass Company,Limited [5202.T]
TOKYO, May 11 (Pulse News Wire) – Nippon Sheet Glass Company,limited (5202.T) reported its fiscal year 2026 results, showing mixed performance compared to initial forecasts released on May 9, 2025. Sales revenue exceeded expectations due to higher selling prices in European architectural glass and North American automotive glass segments, influenced by a weaker yen.
However, operating profit fell short of projections due to lower sales volumes and reduced asset utilization rates amid challenging market conditions. Pre-tax income also missed estimates owing to impairment losses recognized in the fourth quarter. Despite these factors, net profit surpassed forecast levels thanks to a non-recurring deferred tax asset recorded in the UK.
For the fiscal year ending March 31, 2026, the company's preliminary figures showed sales revenue of ¥879.462 billion, operating profit of ¥28.817 billion, and net profit of ¥378 million. Basic earnings per share stood at ¥151, marking a significant deviation from the previously announced forecast of ¥55 per share. The company attributed the shortfall in operating profit primarily to decreased production efficiency and lower asset utilization rates, despite improved pricing power.
Additionally, the recognition of impairment losses impacted pre-tax income negatively but was offset by a one-time deferred tax benefit in the UK, leading to better-than-expected net profits.
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