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Financial results presentation5202Nippon Sheet Glass Company,LimitedConstruction and Materials

Third-Quarter Financial Results Presentation for the Fiscal Year Ended March 2025

For the nine months ended December, the weaker yen increased sales, while the economic slowdown in Europe, lower selling prices and capacity utilization, and higher costs including personnel expenses resulted in lower operating profit. Accordingly, the full-year operating profit forecast was revised downward from ¥26 billion to ¥16 billion, and the net profit forecast from ¥0 to a ¥17 billion loss.

Worth reading
72In focus
Scored from 5 of 6 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-100
¥100 million (revision to the full-year operating profit forecast)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentation2025年3月期 第3四半期（2024年4月1日～2024年12月31日）8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales6,300 Hundreds of millions of yen+2.8%
Operating profit108 Hundreds of millions of yen-66.4%
Net income-101 Hundreds of millions of yen-174.8%
Operating profit margin
Rate1.7 %
Year-on-year changeDown 3.5 percentage points year on year
Results for the three months of the current quarter
Net Sales
2,075 Hundreds of millions of yen
Year-on-year change150
Operating profit
6 Hundreds of millions of yen
Year-on-year change-55
Operating profit margin
0.3 %
Year-on-year change△2.9 percentage points
Net income
-62 Hundreds of millions of yen
Year-on-year change-99
Full-year earnings forecast
Net Sales
8,500 Hundreds of millions of yen
Operating profit
160 Hundreds of millions of yen
個別開示項目（純額）
-70 Hundreds of millions of yen
Operating profit after separately disclosed items
90 Hundreds of millions of yen
金融費用（純額）
-250 Hundreds of millions of yen
Equity in earnings of affiliates
50 Hundreds of millions of yen
Income before taxes
-110 Hundreds of millions of yen
Profit for the period
-160 Hundreds of millions of yen
Net income
-170 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.
営業利益差異（4-12月期累計）
Operating profit for the same period of the previous year321 Hundreds of millions of yen
Foreign Exchange11 Hundreds of millions of yen
Sales volume and mix6 Hundreds of millions of yen
Selling Prices-167 Hundreds of millions of yen
Raw-Material and Fuel Costs36 Hundreds of millions of yen
Other-99 Hundreds of millions of yen
Operating profit for the period108 Hundreds of millions of yen
営業利益差異（10-12月期）
Operating profit for the same period of the previous year61 Hundreds of millions of yen
Foreign Exchange20 Hundreds of millions of yen
Sales volume and mix11 Hundreds of millions of yen
Selling Prices-60 Hundreds of millions of yen
Raw-Material and Fuel Costs-4 Hundreds of millions of yen
Other-22 Hundreds of millions of yen
Operating profit for the period6 Hundreds of millions of yen
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¥164
US dollars
2025年3月期見通し¥152
Brazilian real
2025年3月期見通し¥27.5
エネルギー価格・原材料価格安定的に推移する前提
人件費等その他コストインフレにより増加が継続する前提
New initiatives
  • ドイツのフロート窯2基の生産停止
  • ドイツ・ヴィッテン工場の生産体制見直し
  • 英国でのフロート板ガラスと型板ガラスの溶融窯共用化
  • コスト削減、高付加価値製品の拡大、価格改善
  • 代表執行役等の報酬の自主返上
Key KPIsA metric the company considers important as a management benchmark.
  • Equity ratio11.7 %
    Year on year against the same period last year前期末比△0.7ポイント
  • Interest-Bearing Debt5,654 Hundreds of millions of yen
    Year on year against the same period last year前期末比589億円増加
  • Free cash flow-464 Hundreds of millions of yen
    Year on year against the same period last year前年同期比341億円減少
Segment results
Architectural glass business
Net Sales2,741 Hundreds of millions of yen
Operating profit86 Hundreds of millions of yen
Year on year against the same period last year
Net Sales-4
Operating profit-176
Automotive glass business
Net Sales3,189 Hundreds of millions of yen
Operating profit26 Hundreds of millions of yen
Year on year against the same period last year
Net Sales131
Operating profit-67
High-performance glass business
Net Sales362 Hundreds of millions of yen
Operating profit57 Hundreds of millions of yen
Year on year against the same period last year
Net Sales65
Operating profit0
Other
Net Sales7 Hundreds of millions of yen
Operating profit-62 Hundreds of millions of yen
Year on year against the same period last year
Net Sales-19
Operating profit30
Medium-term management plan targets
Fiscal year ending March 2027
Operating profit640 %
Operating profit margin7 %
Free cash flow270 %
Interest-Bearing Debt4,420 %
Equity ratio15 %
Fiscal year ending March 2030
Operating profit margin10 % or higher
2025年3月期4-12月期実績
Operating profit108 %
Operating profit margin1.7 %
Free cash flow-464 %
Interest-Bearing Debt5,654 %
Equity ratio11.7 %
Financial targets
Operating profit margin
Target2027年3月期7%、2030年3月期10%以上
Actual results1.7 %
Free cash flow
Target270 Hundreds of millions of yen
Actual results-464 Hundreds of millions of yen
Interest-Bearing Debt
Target4,420 Hundreds of millions of yen
Actual results5,654 Hundreds of millions of yen
Equity ratio
Target15 %
Actual results11.7 %
Capital expenditures
389 億円4-12月期累計
Full-year outlook630
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period Covered2025年3月期 第3四半期（2024年4月1日～2024年12月31日）
Net Sales6,300 Hundreds of millions of yen (YoY +2.8%)
Operating profit108 Hundreds of millions of yen (YoY -66.4%)
Net income-101 Hundreds of millions of yen (YoY -174.8%)
Operating profit marginRate 1.7 % / Year-on-year change Down 3.5 percentage points year on year
Results for the three months of the current quarterNet Sales 2,075 Hundreds of millions of yen / Operating profit 6 Hundreds of millions of yen / Operating profit margin 0.3 % / Net income -62 Hundreds of millions of yen
Full-year earnings forecastNet Sales 8,500 Hundreds of millions of yen / Operating profit 160 Hundreds of millions of yen / 個別開示項目（純額） -70 Hundreds of millions of yen / Operating profit after separately disclosed items 90 Hundreds of millions of yen / 金融費用（純額） -250 Hundreds of millions of yen / Equity in earnings of affiliates 50 Hundreds of millions of yen / Income before taxes -110 Hundreds of millions of yen / Profit for the period -160 Hundreds of millions of yen / Net income -170 Hundreds of millions of yen
Segment resultsArchitectural glass business Net Sales 2,741 Hundreds of millions of yen / Operating profit 86 Hundreds of millions of yen / Year on year against the same period last year Net Sales -4 / Operating profit -176 / Automotive glass business Net Sales 3,189 Hundreds of millions of yen / Operating profit 26 Hundreds of millions of yen / Year on year against the same period last year Net Sales 131 / Operating profit -67 / High-performance glass business Net Sales 362 Hundreds of millions of yen / Operating profit 57 Hundreds of millions of yen / Year on year against the same period last year Net Sales 65 / Operating profit 0 / Other Net Sales 7 Hundreds of millions of yen / Operating profit -62 Hundreds of millions of yen / Year on year against the same period last year Net Sales -19 / Operating profit 30
Breakdown of Factors Affecting the Change営業利益差異（4-12月期累計） Operating profit for the same period of the previous year 321 Hundreds of millions of yen / Foreign Exchange 11 Hundreds of millions of yen / Sales volume and mix 6 Hundreds of millions of yen / Selling Prices -167 Hundreds of millions of yen / Raw-Material and Fuel Costs 36 Hundreds of millions of yen / Other -99 Hundreds of millions of yen / Operating profit for the period 108 Hundreds of millions of yen / 営業利益差異（10-12月期） Operating profit for the same period of the previous year 61 Hundreds of millions of yen / Foreign Exchange 20 Hundreds of millions of yen / Sales volume and mix 11 Hundreds of millions of yen / Selling Prices -60 Hundreds of millions of yen / Raw-Material and Fuel Costs -4 Hundreds of millions of yen / Other -22 Hundreds of millions of yen / Operating profit for the period 6 Hundreds of millions of yen
Key KPIsIndicator name Equity ratio / Value 11.7 % / Year on year against the same period last year 前期末比△0.7ポイント, Indicator name Interest-Bearing Debt / Value 5,654 Hundreds of millions of yen / Year on year against the same period last year 前期末比589億円増加, Indicator name Free cash flow / Value -464 Hundreds of millions of yen / Year on year against the same period last year 前年同期比341億円減少
Assumptions Underlying the Business OutlookBritish pound 2025年3月期見通し ¥195 / Euro 2025年3月期見通し ¥164 / US dollars 2025年3月期見通し ¥152 / Brazilian real 2025年3月期見通し ¥27.5 / エネルギー価格・原材料価格 安定的に推移する前提 / 人件費等その他コスト インフレにより増加が継続する前提
Medium-term management plan targetsFiscal year ending March 2027 Operating profit 640 % / Operating profit margin 7 % / Free cash flow 270 % / Interest-Bearing Debt 4,420 % / Equity ratio 15 % / Fiscal year ending March 2030 Operating profit margin 10 % or higher / 2025年3月期4-12月期実績 Operating profit 108 % / Operating profit margin 1.7 % / Free cash flow -464 % / Interest-Bearing Debt 5,654 % / Equity ratio 11.7 %
Financial targetsOperating profit margin Target 2027年3月期7%、2030年3月期10%以上 / Actual results 1.7 % / Free cash flow Target 270 Hundreds of millions of yen / Actual results -464 Hundreds of millions of yen / Interest-Bearing Debt Target 4,420 Hundreds of millions of yen / Actual results 5,654 Hundreds of millions of yen / Equity ratio Target 15 % / Actual results 11.7 %
Capital expenditures389 億円（4-12月期累計）
New initiativesドイツのフロート窯2基の生産停止, ドイツ・ヴィッテン工場の生産体制見直し, 英国でのフロート板ガラスと型板ガラスの溶融窯共用化, コスト削減、高付加価値製品の拡大、価格改善, 代表執行役等の報酬の自主返上
Items this document does not state (15)
Ordinary incomeGross 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.

欧州経済減速の影響が建築用ガラス事業と自動車用ガラス事業で継続したこと、販売価格と稼働率が低下したこと、人件費などその他コストが増加したこと、施策に伴う個別開示項目費用を計上すること。

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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.
Third-Quarter Financial Results Presentation for the Fiscal Year Ended March 2025 | Nippon Sheet Glass Company,Limited (5202) timely disclosure | Komori