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nippon electric glass co ltd (5214) Details

Nippon Electric Glass Co., Ltd., together with its subsidiaries, manufactures and sells specialty glass products and glassmaking machinery in Japan, South Korea, Taiwan, China, the United States, Hong Kong, and Europe. The company offers glass substrates for use in flat panel displays and solar cells, as well as for chemical strengthening purposes. It also provides glass for optical and electronic devices; glass fibers for use in the reinforcement of resin and concrete; consumer glass products, including heat resistant glass, and glass for use in building materials, as well as glass tubing products for lighting, pharmaceutical, and medical use; and thin film coatings. The company was incorporated in 1944 and is headquartered in Otsu, Japan.

5,220 Employees
Last Reported Date: 03/31/16
Founded in 1944

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nippon electric glass co ltd (5214) Key Developments

Nippon Electric Glass Co., Ltd. to Form Joint Venture with Dongxu Optoelectronic Technology Co., Ltd

Nippon Electric Glass Co., Ltd. is planning to form a joint venture with Dongxu Optoelectronic Technology Co., Ltd. to set up a glass substrate processing factory in Fuqing, southeastern China. The joint venture will be initially capitalized at CNY 240 million, with Nippon holding a 40% stake, and Dongxu and its wholly-owned subsidiary taking 10% and 50% respectively.

Nippon Electric Glass Co. Ltd. Declares Dividend for the Six Months Ended June 30, 2016, Payable on August 31, 2016; Provides Year End Dividend Guidance for the Year Ending December 31, 2016; Reports Consolidated Earnings Results for the Six Months Ended June 30, 2016; Reaffirms Consolidated Earnings Guidance for the Year Ending December 31, 2016

Nippon Electric Glass Co. Ltd. declared a dividend of ¥8.00 per share for the six months ended June 30, 2016, scheduled date to commence dividend payments on August 31, 2016 compared to ¥8.00 per share a year ago. The company provided dividend guidance for the year ending December 31, 2016. For the year, the company expects to pay yearend dividend of ¥8 per share compared to ¥8 per share a year ago. The total dividend will be ¥16.00 per share for the year 2016 compared to ¥16.00 per share a year ago. The company reported consolidated earnings results for the six months ended June 30, 2016. Net sales were ¥118,229 million against ¥123,926 million for the same period a year ago. Operating income was ¥8,710 million against ¥9,256 million for the same period a year ago. Ordinary income was ¥568 million against ¥6,492 million for the same period a year ago. Loss attributable to owners of parent was ¥1,270 million or ¥2.55 per share against profit attributable to owners of parent of ¥1,311 million or ¥2.64 per share for the same period a year ago. Operating income was supported by enhanced productivity and cost-cutting, despite facility repairs and costs associated with the launch of Electric Glass (Xiamen) Co. Ltd. (melting and forming). However, ordinary income was pulled down primarily by foreign exchange losses attributable to a revaluation of receivables and payables related to loans made by the company to its Chinese subsidiaries since the yen strengthened against the Chinese yuan. In addition, net income was pushed down by a reversal of deferred tax assets following fiscal 2016 tax reform (lowering of income and other tax rates), canceling out the gains on the reversal of provisions for special repairs once part of the plans to repair glass melting furnaces were canceled. Income before income taxes and minority interests was ¥1,618 million against ¥5,765 million last year. Net cash provided by operating activities was ¥17,000 million against ¥15,054 million last year. Purchase of non-current assets was ¥16,426,000 million against ¥22,319 million last year. The company reaffirmed consolidated earnings guidance for the year ending December 31, 2016. The company expects net sales of ¥248,000 million, operating income of ¥19,000 million, ordinary income of ¥14,000 million, loss attributable to owners of parent of ¥10,000 million or ¥20.11 per share.

Nippon Electric Glass Co. Ltd. to Report Q2, 2016 Results on Jul 29, 2016

Nippon Electric Glass Co. Ltd. announced that they will report Q2, 2016 results on Jul 29, 2016

 

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Valuation 5214 Industry Range
Price/Earnings 37.8x
Price/Sales 1.1x
Price/Book 0.5x
Price/Cash Flow 32.8x
TEV/Sales 0.1x
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