Nippon Sheet Glass Company, Limited (NPSGF.PK), a Japanese maker of glass and glazing systems, on Friday recorded a net loss for the first quarter, mainly due to income tax expenses and a decline in revenue.
For the three-month period to June 30, the company posted a net loss of JPY 154 million, or JPY 7.02 per share, compared with a profit of JPY 2.400 billion, or JPY 16.89 per share, in the same period last year.
Profit attributable to non-controlling interests was JPY 609 million as against last year's JPY 256 million.
Tax expenses were negative JPY 2.281 billion, compared with positive JPY 2.613 billion in 2024. Pre-tax income surged to JPY 2.376 billion from the previous year's JPY 43 million. Operating income stood at JPY 6.870 billion, compared with JPY 4.762 billion a year ago.
Revenue was JPY 210.202 billion, down from the prior year's JPY 216.423 billion. The Automotive business recorded revenue of JPY 109.795 billion, down from the previous year's JPY 113.603 billion.
Looking ahead, the company has reaffirmed its first-half and annual outlook.
For the six-month period to September 30, Nippon Sheet Glass continues to project a net loss of JPY 3 billion, or JPY 43.65 per basic share, on revenue of JPY 420 billion.
For the six-month period to September 30, 2024, the glassmaker had registered a net loss of JPY 3.867 billion, or JPY 53.18 per basic share, on revenue of JPY 422.437 billion.
For the 12-month period to March 31, 2026, the company still anticipates a net income of JPY 2 billion, or JPY 0.55 per basic share. Annual revenue is now projected to be JPY 840 billion, compared with the prior guidance of JPY 850 billion.
For the 12-month period to March 31, 2024, the glassmaker had reported a net loss of JPY 13.831 billion, or JPY 173.20 per basic share, on revenue of JPY 840.401 billion.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.