Nippon Electric Glass cuts FY2026 operating profit forecast to JPY 20 billion from JPY 33 billion

Reuters2026/07/31 06:37

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Nippon Electric Glass cut FY 2026 guidance: net sales JPY 300 billion from JPY 320 billion; operating profit JPY 20 billion from JPY 33 billion.
Ordinary profit forecast trimmed to JPY 25 billion from JPY 33 billion; profit attributable to owners of parent cut to JPY 15 billion from JPY 23 billion.
Revision reflects expected second-half sales pressure from U.S. composites restructuring, softer displays demand, higher raw material and energy costs.
Displays profit outlook also hit by higher expenses tied to periodic repairs; additional costs expected from U.S. production termination in composites.
Extraordinary loss of JPY 12.6 billion booked in Q2 as restructuring expenses tied to the composites overhaul, including the Shelby closure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nippon Electric Glass Co. Ltd. published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Nippon Electric Glass cuts FY2026 operating profit forecast to JPY 20 billion from JPY 33 billion

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