Nippon Electric Glass Co.,Ltd. fell 4.92%, or ¥239, on 2 September from the previous day, while recent trading saw significant movement, including a sharp increase in volume. The company launched its “0-EFIQ” brand on 3 September, while a major Japanese brokerage cut its target price on 1 September and its ordinary earnings forecast was revised down 4.6% week on week. In addition, the company’s plans to resume production of glass fiber for servers on a mass-production basis in 2027 have been reported.
In recent trading, Nippon Electric Glass Co.,Ltd.’s share price fell 4.92%, or ¥239, on 2 September from the previous day, while trading volume increased substantially. Between 1 and 4 September, the share price repeatedly moved lower before making modest recoveries.
The company’s “0-EFIQ” brand for glass materials was launched on 3 September. This brought developments in the new materials business into alignment with the share price trend over the short term.
A major Japanese brokerage kept its rating at Neutral on 1 September but cut its target price to ¥5,300. The ordinary earnings forecast for the fiscal year ending December 2026 was also reported to have fallen 4.6% from the previous week, and this was cited as a factor behind the share price movement.
The company’s plan to re-enter the market by mass-producing glass fiber for servers in 2027 was reported. This has attracted market attention as a potential growth driver.
The status of the share buyback was disclosed on 1 September and was said to have remained merely a point of reference for monitoring progress.