Komori
Financial Results Presentation5202Nippon Sheet Glass Company,LimitedConstruction and Materials

Presentation Materials for Second-Quarter Results for the Fiscal Year Ended March 2025

Although first-half net sales were broadly in line with the same period of the previous year, operating profit declined by ¥15.8 billion due to the economic slowdown in Europe and other factors. Accordingly, full-year forecasts for operating profit, profit before tax and profit for the year were revised downward.

Worth reading
59In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-158
¥100 million (year-on-year change in first-half operating income)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial Results Presentation2025年3月期 第2四半期8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales4,224 Hundreds of millions of yen+0.5%
Operating profit102 Hundreds of millions of yen-60.8%
Ordinary income2 Hundreds of millions of yen-99.0%
Net income-39 Hundreds of millions of yen-138.8%
Operating profit margin2.4%
Results for the three months of the current quarter
Net Sales
2,060 Hundreds of millions of yen
Operating profit
55 Hundreds of millions of yen
Operating profit margin2.7%
Income before taxes
1 Hundreds of millions of yen
Net income
-63 Hundreds of millions of yen
Full-year earnings forecast
Net Sales
8,500 Hundreds of millions of yen
Operating profit
260 Hundreds of millions of yen
Operating profit after separately disclosed items
280 Hundreds of millions of yen
Income before taxes
60 Hundreds of millions of yen
Profit for the period
10 Hundreds of millions of yen
Net income
0 Hundreds of millions of yen
金融費用（純額）
-270 Hundreds of millions of yen
Equity in earnings of affiliates
50 Hundreds of millions of yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
上期営業利益差異
2024年3月期4-9月期営業利益260
Foreign Exchange-9
Sales volume and mix-5
Selling Prices-107
Raw material and fuel costs40
Other-77
2025年3月期4-9月期営業利益102
第2四半期単独営業利益差異
2024年3月期7-9月期営業利益115
Foreign Exchange-12
Sales volume and mix-3
Selling Prices-43
Raw material and fuel costs12
Other-14
2025年3月期7-9月期営業利益55
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • British pound
    2025年3月期見通し195
  • Euro
    2025年3月期見通し165
  • US dollars
    2025年3月期見通し152
  • Brazilian real
    2025年3月期見通し28.3
  • エネルギー価格・原材料価格安定的に推移する見込み
New initiatives
  • ドイツ・グラートベック工場のフロート窯1基の生産停止
  • 欧州でのアップストリーム削減と、複層・トリプル複層・Low-E・大型ラミネート合わせガラスなどダウンストリーム製品の強化
  • グループ全体での追加コスト削減、高付加価値製品の拡大、価格改善
  • 英国事業所へのグリーン水素製造プラント設置
Key KPIsA metric the company considers important as a management benchmark.
  • EBITDA350 Hundreds of millions of yen
    Year on year against the same period last year-130.0%
  • Free cash flow-286 Hundreds of millions of yen
    Year on year against the same period last year-101.0%
  • Equity ratio11.1 %
    Year on year against the same period last year前期末比△1.2pt
  • Interest-Bearing Debt5,310 Hundreds of millions of yen
    Year on year against the same period last year前期末比+246億円
Segment results
Architectural glass business
Net Sales
1,800 Hundreds of millions of yen
Operating profit
67 Hundreds of millions of yen
Year on year against the same period last year
Net Sales-130
Operating profit-151
Automotive glass business
Net Sales
2,173 Hundreds of millions of yen
Operating profit
35 Hundreds of millions of yen
Year on year against the same period last year
Net Sales121
Operating profit-28
High-performance glass business
Net Sales
247 Hundreds of millions of yen
Operating profit
39 Hundreds of millions of yen
Year on year against the same period last year
Net Sales48
Operating profit-1
Other
Net Sales
4 Hundreds of millions of yen
Operating profit
-38 Hundreds of millions of yen
Year on year against the same period last year
Net Sales-17
Operating profit22
Medium-term management plan targets
Fiscal year ending March 2027
Operating profit640 Hundreds of millions of yen
Operating profit margin7 Hundreds of millions of yen
単位_営業利益率%
Free cash flow270 Hundreds of millions of yen
単位_フリー・キャッシュ・フローHundreds of millions of yen
Interest-Bearing Debt4,420 Hundreds of millions of yen
単位_有利子負債Hundreds of millions of yen
Equity ratio15 Hundreds of millions of yen
単位_自己資本比率%
Fiscal year ending March 2030
Operating profit margin10 %
Actual results
2025年3月期4-9月期営業利益102
Operating profit margin2.4
Free cash flow-286
Interest-Bearing Debt5,310
Equity ratio11.1
Financial targets
Equity ratio
Target for the fiscal year ending March 202715 %
Actual results11.1 %
Interest-Bearing Debt
Target for the fiscal year ending March 20274,420 Hundreds of millions of yen
Actual results5,310 Hundreds of millions of yen
Capital expenditures
210 億円2025年3月期4-9月期資本的支出
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period Covered2025年3月期 第2四半期
Net Sales4,224 Hundreds of millions of yen (YoY +0.5%)
Operating profit102 Hundreds of millions of yen (YoY -60.8%)
Ordinary income2 Hundreds of millions of yen (YoY -99.0%)
Net income-39 Hundreds of millions of yen (YoY -138.8%)
Operating profit margin2.4%
Results for the three months of the current quarterNet Sales 2,060 Hundreds of millions of yen / Operating profit 55 Hundreds of millions of yen / Operating profit margin 2.7% / Income before taxes 1 Hundreds of millions of yen / Net income -63 Hundreds of millions of yen
Full-year earnings forecastNet Sales 8,500 Hundreds of millions of yen / Operating profit 260 Hundreds of millions of yen / Operating profit after separately disclosed items 280 Hundreds of millions of yen / Income before taxes 60 Hundreds of millions of yen / Profit for the period 10 Hundreds of millions of yen / Net income 0 Hundreds of millions of yen / 金融費用（純額） -270 Hundreds of millions of yen / Equity in earnings of affiliates 50 Hundreds of millions of yen
Segment resultsArchitectural glass business Net Sales 1,800 Hundreds of millions of yen / Operating profit 67 Hundreds of millions of yen / Year on year against the same period last year Net Sales -130 / Operating profit -151 / Automotive glass business Net Sales 2,173 Hundreds of millions of yen / Operating profit 35 Hundreds of millions of yen / Year on year against the same period last year Net Sales 121 / Operating profit -28 / High-performance glass business Net Sales 247 Hundreds of millions of yen / Operating profit 39 Hundreds of millions of yen / Year on year against the same period last year Net Sales 48 / Operating profit -1 / Other Net Sales 4 Hundreds of millions of yen / Operating profit -38 Hundreds of millions of yen / Year on year against the same period last year Net Sales -17 / Operating profit 22
Breakdown of Factors Affecting the Change上期営業利益差異 2024年3月期4-9月期営業利益 260 / Foreign Exchange -9 / Sales volume and mix -5 / Selling Prices -107 / Raw material and fuel costs 40 / Other -77 / 2025年3月期4-9月期営業利益 102 / 第2四半期単独営業利益差異 2024年3月期7-9月期営業利益 115 / Foreign Exchange -12 / Sales volume and mix -3 / Selling Prices -43 / Raw material and fuel costs 12 / Other -14 / 2025年3月期7-9月期営業利益 55
Key KPIsIndicator name EBITDA / Value 350 Hundreds of millions of yen / Year on year against the same period last year -130 Hundreds of millions of yen, Indicator name Free cash flow / Value -286 Hundreds of millions of yen / Year on year against the same period last year -101 Hundreds of millions of yen, Indicator name Equity ratio / Value 11.1 % / Year on year against the same period last year 前期末比△1.2pt, Indicator name Interest-Bearing Debt / Value 5,310 Hundreds of millions of yen / Year on year against the same period last year 前期末比+246億円
Assumptions Underlying the Business OutlookBritish pound 2025年3月期見通し 195, Euro 2025年3月期見通し 165, US dollars 2025年3月期見通し 152, Brazilian real 2025年3月期見通し 28.3, エネルギー価格・原材料価格 安定的に推移する見込み
Medium-term management plan targetsFiscal year ending March 2027 Operating profit 640 Hundreds of millions of yen / Operating profit margin 7 Hundreds of millions of yen / 単位_営業利益率 % / Free cash flow 270 Hundreds of millions of yen / 単位_フリー・キャッシュ・フロー Hundreds of millions of yen / Interest-Bearing Debt 4,420 Hundreds of millions of yen / 単位_有利子負債 Hundreds of millions of yen / Equity ratio 15 Hundreds of millions of yen / 単位_自己資本比率 % / Fiscal year ending March 2030 Operating profit margin 10 % / Actual results 2025年3月期4-9月期営業利益 102 / Operating profit margin 2.4 / Free cash flow -286 / Interest-Bearing Debt 5,310 / Equity ratio 11.1
Financial targetsEquity ratio Target for the fiscal year ending March 2027 15 % / Actual results 11.1 % / Interest-Bearing Debt Target for the fiscal year ending March 2027 4,420 Hundreds of millions of yen / Actual results 5,310 Hundreds of millions of yen
Capital expenditures210 億円（2025年3月期4-9月期資本的支出）
New initiativesドイツ・グラートベック工場のフロート窯1基の生産停止, 欧州でのアップストリーム削減と、複層・トリプル複層・Low-E・大型ラミネート合わせガラスなどダウンストリーム製品の強化, グループ全体での追加コスト削減、高付加価値製品の拡大、価格改善, 英国事業所へのグリーン水素製造プラント設置
Items this document does not state (14)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

欧州経済の減速により、主に欧州の建築用ガラス事業で販売価格と稼働率が低下した。加えて、人件費などのその他コストが増加し、コスト削減効果を上回った。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Presentation Materials for Second-Quarter Results for the Fiscal Year Ended March 2025 | Nippon Sheet Glass Company,Limited (5202) timely disclosure | Komori