Nippon Sheet Glass Company (5202) AI Stock Analysis

• Market Cap: $58.72B
• Dividend Yield: N/A
• Average Volume (3M): 1.17M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.09
• Revenue Growth: 0.47%
• EPS Growth: -223.83%
• Country: JP
• Employees: 24,880
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): -48.27
• Shares Outstanding: 99,566,230
• 10 Day Avg. Volume: 1,641,370
• 30 Day Avg. Volume: 1,170,496
• PEG Ratio: <0.01
• Price to Book (P/B): 0.33
• Price to Sales (P/S): 0.04
• P/FCF Ratio: 16.85
• Enterprise Value/Market Cap: 9.57
• Enterprise Value/Revenue: 0.67
• Enterprise Value/Gross Profit: 3.29
• Enterprise Value/Ebitda: 8.50
• 1Y Price Target: $550.02
• Price Target Upside: 12.94% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: ¥489.00 ▲(0.41% Upside)

The overall stock score reflects significant financial challenges, including declining revenues, high leverage, and negative profitability. Technical indicators suggest a bearish trend, and the valuation is unattractive due to a negative P/E ratio and lack of dividend yield. These factors collectively result in a low overall score.

Positive Factors

Innovation and Sustainability

Nippon Sheet Glass's commitment to innovation and sustainability aligns with global trends, potentially driving long-term demand for energy-efficient glass products.

Market Presence

Strategic partnerships with key industry players bolster Nippon Sheet Glass's market position, supporting steady revenue growth and competitive advantage.

Free Cash Flow Growth

Strong free cash flow growth indicates improved cash generation ability, enhancing financial flexibility and potential for reinvestment in growth initiatives.

Negative Factors

High Leverage

High leverage suggests significant reliance on debt financing, which could strain financial stability and limit the company's ability to invest in future growth.

Negative Profitability

Persistent negative profitability highlights challenges in achieving operational efficiency and sustainable earnings, impacting long-term financial health.

Low Equity Ratio

A low equity ratio indicates a limited cushion against financial downturns, potentially increasing vulnerability to market fluctuations and financial distress.

Nippon Sheet Glass Company Business Overview & Revenue Model

Company Description

Nippon Sheet Glass Company, Limited manufactures and sells glass and glazing products worldwide. It operates through Architectural, Automotive, Technical Glass, and Other segments. The company offers architectural products, including solar control, thermal insulation, fire protection, noise control, safety/security, self-cleaning, decoration, solar energy, and antimicrobial glasses; glass systems; and coated or non-coated glasses the Pilkington brand. It also provides automotive products, such as automotive glass products for vehicle original equipment manufacturers; aftermarket glass replacement products; and glass solutions for specialized vehicles, which include commercial, off-road, bus and coach, marine, and rail. In addition, the company offers functional products under the MICROGLAS, Flake, Metashine, GLASFLAKE, and SILKYFLAKE names; absorbent glass mat (AGM) separator, a component for valve regulated lead-acid batteries; polyethylene (PE) separator, which allows the battery assembly line to run efficiently; and sleeve tubes, which are used as the separators for positive plate of clad type lead-acid batteries. Further, it provides SELFOC lens arrays and micro lenses; SELGUIDE, a linear LED light source for image scanning; sheet glasses for electronic office devices; and ultra-fine flat glasses. The company was formerly known as America Japan Sheet Glass Co., Ltd. and changed its name to Nippon Sheet Glass Company, Limited in 1931. Nippon Sheet Glass Company, Limited was incorporated in 1918 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Nippon Sheet Glass Company generates revenue primarily through the manufacture and sale of glass products across its key sectors: architectural, automotive, and technical glass. The architectural segment includes products for commercial and residential buildings, while the automotive segment focuses on glass for vehicles such as windshields and windows. The technical glass division provides specialized products for industries like electronics and solar energy. Significant revenue streams include direct sales to construction companies, automotive manufacturers, and industrial clients. Additionally, partnerships with major automotive and construction firms enhance its market presence and contribute to steady revenue growth. The company also benefits from ongoing demand for energy-efficient and environmentally friendly glass solutions, which aligns with global trends towards sustainability.

Nippon Sheet Glass Company Financial Statement Overview

Summary

Nippon Sheet Glass Company faces significant financial challenges, with declining revenues and profitability issues. High leverage and negative returns on equity pose risks to financial stability. While there is some improvement in free cash flow, the overall financial health of the company is weak, requiring strategic measures to enhance profitability and reduce debt levels.

Income Statement

The income statement shows a challenging period for Nippon Sheet Glass Company, with a negative net profit margin of -1.96% in TTM (Trailing-Twelve-Months) and declining revenue growth rate of -0.74%. Despite a stable gross profit margin of 20.51%, the company struggles with profitability, as indicated by the negative net income. The EBIT and EBITDA margins are relatively low at 1.98% and 7.89%, respectively, suggesting limited operational efficiency.

Balance Sheet

The balance sheet reveals high leverage, with a debt-to-equity ratio of 5.31 in TTM, indicating significant reliance on debt financing. The return on equity is negative at -14.99%, reflecting poor returns for shareholders. The equity ratio stands at 9.95%, suggesting a low proportion of equity financing relative to total assets, which could pose financial risks.

Cash Flow

The cash flow statement indicates some positive trends, with a significant free cash flow growth rate of 168.10% in TTM. However, the operating cash flow to net income ratio is low at 0.16, and the free cash flow to net income ratio is 0.08, highlighting challenges in converting income into cash flow. While there is improvement in free cash flow, overall cash flow management remains a concern.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	834.18B	840.40B	832.54B	763.52B	600.57B	499.22B
Gross Profit	171.07B	167.83B	180.48B	171.82B	135.43B	117.14B
EBITDA	66.13B	63.78B	90.02B	40.92B	62.28B	31.33B
Net Income	-16.39B	-13.83B	10.63B	-33.76B	4.13B	-16.93B
Balance Sheet
Total Assets	1.00T	1.03T	1.01T	951.39B	939.28B	824.96B
Cash, Cash Equivalents and Short-Term Investments	41.05B	65.31B	51.18B	69.31B	60.46B	58.67B
Total Debt	528.87B	522.73B	500.56B	491.54B	466.36B	470.14B
Total Liabilities	872.50B	890.52B	853.75B	826.52B	769.93B	745.20B
Stockholders Equity	99.62B	108.06B	124.28B	97.04B	145.29B	62.94B
Cash Flow
Free Cash Flow	4.81B	2.14B	3.87B	9.39B	10.58B	-19.59B
Operating Cash Flow	60.90B	56.85B	58.77B	48.51B	45.06B	21.05B
Investing Cash Flow	-46.93B	-42.44B	-43.51B	-34.65B	-22.79B	-25.59B
Financing Cash Flow	-14.91B	8.51B	-48.08B	-7.89B	-20.82B	13.54B

Nippon Sheet Glass Company Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 487.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5202, the sentiment is Positive. The current price of 487 is below the 20-day moving average (MA) of 490.05, below the 50-day MA of 522.20, and above the 200-day MA of 461.10, indicating a neutral trend. The MACD of -13.92 indicates Negative momentum. The RSI at 53.91 is Neutral, neither overbought nor oversold. The STOCH value of 78.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5202.

Nippon Sheet Glass Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6923	78 Outperform	¥399.58B	14.83	6.37%	2.83%	4.86%	10.95%
5991	74 Outperform	¥488.41B	12.23	―	2.94%	1.06%	-5.99%
7282	65 Neutral	$465.82B	10.17	8.26%	2.94%	1.44%	-0.92%
3116	62 Neutral	¥432.85B	20.96	4.51%	3.66%	2.10%	-50.33%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
6473	59 Neutral	$514.27B	26.74	2.51%	3.62%	0.44%	-11.36%
5202	45 Neutral	$58.72B	-2.94	-13.51%	―	0.47%	-223.83%

Nippon Sheet Glass Company Corporate Events

Nippon Sheet Glass Reports Mixed Q2 FY2026 Results

Nippon Sheet Glass Company, Limited, a leading player in the glass manufacturing industry, operates primarily in the architectural, automotive, and technical glass sectors, providing innovative glazing solutions worldwide.

Nippon Sheet Glass Reports Discrepancy in Financial Forecasts Amid Bond Disposal Losses

Nippon Sheet Glass Co., Ltd. reported a discrepancy between its actual financial results and previous forecasts for the first half of the fiscal year ending March 2026. While revenue and operating profit exceeded expectations due to improved sales prices in the European Architectural business, the company faced greater-than-expected losses before taxation and attributable to owners, primarily due to the disposal of UK government bonds. Despite these challenges, the full-year forecast remains unchanged amidst an uncertain business environment and anticipated gradual market recovery in Europe.

The most recent analyst rating on (JP:5202) stock is a Hold with a Yen545.00 price target. To see the full list of analyst forecasts on Nippon Sheet Glass Company stock, see the JP:5202 Stock Forecast page.

Nippon Sheet Glass Share Exchange with Japan Industrial Solutions Fund II

Nippon Sheet Glass has announced that Japan Industrial Solutions Fund II, a holder of its Class A shares, has exercised its right to exchange 1,776 Class A shares for 3,000,212 common shares. This transaction will result in an increase in the company’s common shares and a decrease in its Class A shares, which do not carry voting rights. The move is part of a strategic financial restructuring, potentially impacting shareholder value and market perception.

The most recent analyst rating on (JP:5202) stock is a Hold with a Yen509.00 price target. To see the full list of analyst forecasts on Nippon Sheet Glass Company stock, see the JP:5202 Stock Forecast page.

Nippon Sheet Glass Announces Share Exchange with Japan Industrial Solutions Fund II

Nippon Sheet Glass has announced that Japan Industrial Solutions Fund II, a holder of its Class A shares, has exercised its right to request the company to acquire 1,732 of these shares in exchange for 2,925,883 common shares. This transaction will result in an increase in the number of common shares and a decrease in Class A shares, which do not have voting rights, potentially impacting the company’s shareholder structure and market dynamics.

The most recent analyst rating on (JP:5202) stock is a Hold with a Yen530.00 price target. To see the full list of analyst forecasts on Nippon Sheet Glass Company stock, see the JP:5202 Stock Forecast page.

Nippon Sheet Glass Reports Mixed FY 2026 Q1 Results

Nippon Sheet Glass Company, Limited, a Tokyo Stock Exchange-listed firm, is a leading manufacturer of glass products for architectural, automotive, and technical applications, known for its significant presence in the global glass industry.

Nippon Sheet Glass Reports Decline in Q1 FY 2026 Financial Results

Nippon Sheet Glass Company announced its FY 2026 1st Quarter Consolidated Financial Results, revealing a decrease in revenue and profit compared to the previous year. Despite a rise in operating profit, the company experienced a significant drop in profit attributable to owners and total comprehensive income, indicating potential challenges in maintaining profitability. The financial results highlight a challenging period for the company, with implications for its market positioning and stakeholder confidence.

The most recent analyst rating on (JP:5202) stock is a Hold with a Yen390.00 price target. To see the full list of analyst forecasts on Nippon Sheet Glass Company stock, see the JP:5202 Stock Forecast page.

Nippon Sheet Glass Reports Q1 FY 2026 Financial Results Amidst Revenue Decline

Nippon Sheet Glass Company reported its consolidated financial results for the first quarter of FY 2026, showing a decline in revenue by 2.9% compared to the same period last year. Despite an increase in operating profit by 44.3%, the company experienced a significant drop in profit attributable to owners of the parent, resulting in a loss. The company’s total assets and equity also decreased, reflecting a challenging financial position. The forecast for FY 2026 remains unchanged, with expectations of slight revenue growth for the full year, but continued challenges in profitability. The company has not announced any changes to its dividend policy, maintaining a cautious stance in light of current financial performance.

The most recent analyst rating on (JP:5202) stock is a Hold with a Yen390.00 price target. To see the full list of analyst forecasts on Nippon Sheet Glass Company stock, see the JP:5202 Stock Forecast page.