Nippon Electric Glass Co. Ltd. Announces Unaudited Consolidated Earnings Results for the Nine Months Ended December 31, 2012; Provides Dividend Guidance for the Year Ending March 31, 2013; Provides Earnings Guidance for the Year Ending March 31, 2013
January 28, 2013
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Nippon Electric Glass Co. Ltd. announced unaudited consolidated earnings results for the nine months ended December 31, 2012. For the period, net sales were JPY 223,914 million, operating income was JPY 21,938 million, ordinary profit was JPY 19,163 million and net income was JPY 7,247 million or JPY 14.57 per share against net sales of JPY 264,845 million, operating income of JPY 59,122 million, ordinary profit of JPY 54,420 million and net income of JPY 27,481 million or JPY 55.25 per share for the same period a year ago.
The company expects dividend of JPY 16.00 per share for the fiscal 2013 including an year-end dividend of JPY 8.00 per share.
The company expects net sales of in the range of JPY 285,000 to JPY 295,000 million, operating income of JPY 21,500 to JPY 26,500 million, ordinary income of JPY 18,500 to JPY 23,500 million and net income of JPY 6,500 to JPY 9,500 million or JPY 13.07 to JPY 19.10 per share for the fiscal year ending March 31, 2013.
Nippon Electric Glass Co., Ltd. specializes in developing, manufacturing and marketing specialty glasses. Net sales break down by family of products as follows:
- glasses for electronic components (52.9%): LCD screen glasses, plasma screens, cathode ray tubes, optic products, etc.;
- performance glasses (47.1%): mainly glasses fibers, heat-resistant glasses, glass tubes for lighting, glass tubes for pharmaceutical and medical uses, glass films and glasses for building materials.
At the end of 2021, the group had 16 production sites worldwide.
Net sales break down geographically as follows: Japan (14.6%), China (29.7%), South Korea (16.6%), Europe (14.7%), the United States (13%) and other (11.4%).
Nippon Electric Glass Co. Ltd. Announces Unaudited Consolidated Earnings Results for the Nine Months Ended December 31, 2012; Provides Dividend Guidance for the Year Ending March 31, 2013; Provides Earnings Guidance for the Year Ending March 31, 2013
NIPPON ELECTRIC GLASS CO., LTD. 
