Nippon Sheet Glass Faces Profit Decline in Q1 FY2025

Nippon Sheet Glass Company (JP:5202) has released an update.

Nippon Sheet Glass Company reported a significant decline in profits during the first quarter of FY 2025, with operating profit and profit before taxation dropping by 67.3% and 99.7% respectively, compared to the previous year. Despite the downturn, the company’s total assets increased to ¥1,058,520 million, marking a growth in total shareholders’ equity to 13.9%. The company’s forecast for the full year remains cautious, expecting a slight increase in revenue but a decrease in profits and basic earnings per share.

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