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Central Glass Co., Ltd.
(4044)
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Rating:74Outperform
Price Target:
¥5,046.00
▲(44.79% Upside)
Action:Reiterated
Date:06/26/26
The score is driven primarily by solid financial performance—strong free cash flow and a de-leveraging balance sheet—partly offset by cyclical and volatile revenue/margin trends. Technicals are supportive with the stock trading above major moving averages and positive momentum. Valuation is also favorable, supported by a moderate P/E and a solid dividend yield.
Positive Factors
Strong cash generation
Consistent and improving operating and free cash flow — particularly strong in 2026 — provides durable internal funding for capex, dividends, and debt reduction. Reliable cash conversion improves financial flexibility and supports multi-quarter strategic investments despite cyclical revenue swings.
Negative Factors
Choppy revenue trends
Sustained revenue cyclicality and declines through 2023–2025 reduce predictability of cash flows and make capacity and inventory planning harder. Persistent shipment and mix variability can constrain ability to commit to long-term investments and smooth earnings over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent and improving operating and free cash flow — particularly strong in 2026 — provides durable internal funding for capex, dividends, and debt reduction. Reliable cash conversion improves financial flexibility and supports multi-quarter strategic investments despite cyclical revenue swings.
Read all positive factors
Central Glass Co., Ltd. (4044) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥103.21B
Dividend Yield4.87%
Average Volume (3M)57.44K
Price to Earnings (P/E)12.3
Beta (1Y)0.89
Revenue Growth0.17%
EPS Growth47.18%
CountryJP
Employees3,314
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)337.22
Shares Outstanding26,000,000
10 Day Avg. Volume51,540
30 Day Avg. Volume57,436
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)0.79
Price to Sales (P/S)0.68
P/FCF Ratio5.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)303.83
Revenue Forecast (FY)¥157.83B
Central Glass Co., Ltd. Business Overview & Revenue Model
Company Description
Central Glass Co., Ltd., along with its subsidiaries, manufactures and distributes a broad range of flat glass and chemical products to markets across Japan, North America, Europe, and globally. The company's operations are divided into two main d...
How the Company Makes Money
Central Glass generates revenue primarily through the manufacture and sale of its products to industrial customers. Key revenue streams include (1) sales of specialty glass and glass-related products, where earnings are driven by shipment volumes,...
Central Glass Co., Ltd. Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
74
Positive
Cash Flow
82
Very Positive
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 144.48B | 144.23B | 160.34B | 169.31B | 206.18B |
| Gross Profit | 38.58B | 40.20B | 43.14B | 43.75B | 43.42B |
| EBITDA | 18.02B | 19.52B | 23.38B | 25.79B | 19.45B |
| Net Income | 8.36B | 5.68B | 12.48B | 42.49B | -39.84B |
Balance Sheet | |||||
| Total Assets | 197.82B | 209.38B | 219.03B | 225.22B | 299.47B |
| Cash, Cash Equivalents and Short-Term Investments | 25.70B | 25.48B | 21.00B | 17.84B | 28.22B |
| Total Debt | 29.84B | 42.55B | 53.31B | 65.55B | 54.57B |
| Total Liabilities | 69.61B | 88.32B | 98.98B | 117.36B | 169.40B |
| Stockholders Equity | 123.63B | 116.73B | 114.92B | 103.48B | 126.09B |
Cash Flow | |||||
| Free Cash Flow | 17.06B | 17.99B | 15.14B | 10.24B | 6.57B |
| Operating Cash Flow | 26.44B | 23.59B | 22.24B | 16.60B | 14.87B |
| Investing Cash Flow | -10.03B | -4.24B | -3.34B | 19.96B | -1.84B |
| Financing Cash Flow | -17.67B | -17.57B | -15.97B | -47.04B | -12.74B |
Central Glass Co., Ltd. Technical Analysis
Neutral
3485.00
Price Trends
4121.50
Positive
4113.77
Positive
3725.36
Positive
Market Momentum
46.66
Positive
46.11
Neutral
2.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4044, the sentiment is Neutral. The current price of 3485 is below the 20-day moving average (MA) of 4264.75, below the 50-day MA of 4121.50, and below the 200-day MA of 3725.36, indicating a neutral trend. The MACD of 46.66 indicates Positive momentum. The RSI at 46.11 is Neutral, neither overbought nor oversold. The STOCH value of 2.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:4044.
Central Glass Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥16.48B | 11.60 | ― | 3.47% | 8.71% | 24.73% | |
74 Outperform | ¥103.21B | 12.35 | ― | 4.87% | 0.17% | 47.18% | |
71 Outperform | ¥26.05B | 13.10 | ― | 5.04% | 0.95% | -5.25% | |
66 Neutral | ¥172.95B | 15.50 | 6.98% | 3.13% | 1.92% | 28.39% | |
65 Neutral | ¥440.49B | 17.13 | 7.93% | 2.32% | 0.24% | -54.29% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
JP:4044
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Central Glass Co., Ltd. Corporate Events
Central Glass Maintains Stable Dividend as It Invests Toward VISION 2030
May 25, 2026
Central Glass Co., Ltd. has approved a year-end dividend of 85 yen per share for the fiscal year ended March 31, 2026, matching both the prior-year payout and its latest forecast. The total dividend distribution will be 2,149 million yen, funded f...
Central Glass Reshapes Executive Lineup While Maintaining Top Leadership
May 14, 2026
Central Glass Co., Ltd. has announced a slate of executive appointments and board nominations, maintaining continuity at the top by retaining Kazuhiko Maeda as representative director, president and CEO, and Tetsuo Kanai and Akihiro Ishii in their...
Central Glass Beats FY2025 Forecasts on Strong Specialty Gases and Glass Pricing
May 14, 2026
Central Glass reported that its consolidated results for the fiscal year ended March 31, 2026, exceeded the financial forecasts announced in February, with net sales, operating profit, ordinary profit and profit attributable to owners of the paren...
Central Glass Lifts Earnings and Equity Ratio, Keeps Dividend Flat While Guiding for Profit Dip
May 14, 2026
Central Glass Co., Ltd. reported flat consolidated net sales of ¥144.5 billion for the fiscal year ended March 31, 2026, with operating profit down 5.6% to ¥10.0 billion but ordinary profit edging up 1.0% to ¥12.3 billion. Profit at...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.