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Nippon Electric Glass Co Ltd (5214.T)

5214.T on Tokyo Stock Exchange

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¥713
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¥735
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Latest Key Developments (Source: Significant Developments)

Nippon Electric Glass to close Japan-based plant
Monday, 26 Dec 2016 02:40am EST 

Nippon Electric Glass Co Ltd <5214.T>:Says it resolved to close a Japan-based plant that engaged in display glass (thin film processing).  Full Article

Dongxu Optoelectronic Technology to set up tech jv
Sunday, 18 Sep 2016 11:40pm EDT 

Dongxu Optoelectronic Technology Co Ltd <000413.SZ>: Says the co, its Fuzhou-based unit and Japan-based firm Nippon Electric Glass <5214.T> to set up a optoelectronic Technology jv in Fuzhou .Says the jv to be capitalized at 240 million yuan and the co to hold 10 percent, the unit to hold 50 percent and Nippon Electric Glass to hold 40 percent stake in the jv respectively.  Full Article

Nippon Electric Glass to buy glass fiber business in EU and PPG Industries Fiber Glass B.V
Monday, 20 Jun 2016 03:14am EDT 

Nippon Electric Glass Co Ltd <5214.T>:Says the company entered into agreement with PPG Industries Inc to buy its properties for glass fiber business in EU and 100 percent stake in PPG Industries Fiber Glass B.V..  Full Article

Nippon Electric Glass lowers consolidated mid-year and full year outlook for FY 2016
Thursday, 28 Apr 2016 02:00am EDT 

Nippon Electric Glass Co Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 120,000 million yen from 125,000 million yen for FY ending Dec. 2016.Sees a decrease of operating profit forecast to 9,000 million yen from 10,000 million yen.Sees a decrease of ordinary profit forecast to 5,000 million yen from 9,000 million yen.Sees a decrease of net profit forecast to 3,000 million yen from 7,000 million yen.Sees a decrease of earnings per share to 6.03 yen from 14.07 yen.Says the company lowered the consolidated full-year outlook for revenue to 248,000 million yen from 256,000 million yen for FY ending Dec. 2016.Sees a decrease of operating profit forecast to 19,000 million yen from 22,000 million yen.Sees a decrease of ordinary profit forecast to 14,000 million yen from 20,000 million yen.Sees a decrease of net profit forecast to 10,000 million yen from 16,000 million yen.Sees a decrease of earnings per share to 20.11 yen from 32.17 yen.Comments the decreased income is the main reason for the forecast.  Full Article

Nippon Electric Glass amends consolidated Q1 outlook for FY 2015
Friday, 10 Apr 2015 02:00am EDT 

Nippon Electric Glass Co Ltd:Amends consolidated Q1 outlook for FY ending Dec. 2015.Amended revenue to 61,000 million yen from 60,000 ~63,000 million yen.Operating profit forecast amended to 4,500 million yen from 1,000 ~2,000 million yen.Ordinary profit forecast increased to 2,300 million yen from 0~2,000 million yen.Net profit forecast increased to - 300 million yen from 0 ~1,000 million yen.Earnings per share increased to -0.60 yen from 0~2.01 yen.Comments the improved productivity and deferred income tax asset liquidation are the main reasons for the forecast.  Full Article

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