Nippon Sheet Glass Company Limited (JP:5202)
:5202
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Nippon Sheet Glass Company
(5202)
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Rating:42Neutral
Price Target:
¥389.00
▼(-24.02% Downside)
Action:ReiteratedDate:03/24/26
The score is weighed down primarily by high financial leverage alongside a return to net losses, and by clearly bearish technicals with the stock trading well below all major moving averages and negative MACD. Positive operating/free cash flow and improved operating performance provide some support, but valuation remains constrained by loss-making earnings and no dividend yield data.
Positive Factors
Free cash flow generation
Consistent operating cash flow and a positive trailing‑twelve‑month free cash flow provide a durable internal funding source. That cash cushion supports near‑term capex and working capital needs, and gives the company recurring capacity to service debt and fund gradual deleveraging despite net losses.
Negative Factors
Very high financial leverage
Extremely elevated leverage in a cyclical, capital‑intensive industry materially limits financial flexibility. High debt increases interest burden, raises refinancing and covenant risk during downturns, and constrains the company's ability to invest in growth or absorb prolonged industry weakness.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
Consistent operating cash flow and a positive trailing‑twelve‑month free cash flow provide a durable internal funding source. That cash cushion supports near‑term capex and working capital needs, and gives the company recurring capacity to service debt and fund gradual deleveraging despite net losses.
Read all positive factors
Nippon Sheet Glass Company (5202) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥49.83B
Dividend YieldN/A
Average Volume (3M)1.17M
Price to Earnings (P/E)―
Beta (1Y)1.29
Revenue Growth0.47%
EPS Growth-223.83%
CountryJP
Employees24,880
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-12.26
Shares Outstanding104,066,550
10 Day Avg. Volume1,641,370
30 Day Avg. Volume1,170,496
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.33
Price to Sales (P/S)0.04
P/FCF Ratio0.00
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)65.98
Revenue Forecast (FY)¥878.58B
Nippon Sheet Glass Company Business Overview & Revenue Model
Company Description
Nippon Sheet Glass Company, Limited (NSG Group) is a leading global glass manufacturer headquartered in Japan. The company operates primarily in the architectural, automotive, and technical glass sectors, providing a wide range of products includi...
How the Company Makes Money
NSG primarily makes money by manufacturing and selling glass and glass-related products across three main business areas. (1) Architectural/Building glass: revenue is generated from sales of flat glass and higher value-added processed products (e....
Nippon Sheet Glass Company Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
28
Negative
Cash Flow
56
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 851.00B | 840.40B | 832.54B | 763.52B | 600.57B | 499.22B |
| Gross Profit | 184.06B | 167.83B | 180.48B | 171.82B | 135.43B | 117.14B |
| EBITDA | 73.24B | 63.78B | 90.02B | 40.92B | 62.28B | 31.33B |
| Net Income | -8.89B | -13.83B | 10.63B | -33.76B | 4.13B | -16.93B |
Balance Sheet | ||||||
| Total Assets | 1.07T | 1.04T | 1.02T | 959.40B | 946.49B | 828.15B |
| Cash, Cash Equivalents and Short-Term Investments | 45.69B | 65.31B | 51.18B | 69.31B | 60.46B | 58.67B |
| Total Debt | 567.48B | 522.73B | 500.56B | 491.54B | 499.69B | 505.29B |
| Total Liabilities | 920.19B | 901.05B | 865.16B | 834.53B | 777.13B | 748.38B |
| Stockholders Equity | 124.32B | 108.06B | 124.28B | 97.04B | 145.29B | 62.94B |
Cash Flow | ||||||
| Free Cash Flow | 37.78B | 0.00 | 3.87B | 9.39B | 10.58B | -19.59B |
| Operating Cash Flow | 73.83B | 0.00 | 58.77B | 48.51B | 45.06B | 21.05B |
| Investing Cash Flow | -35.94B | -42.44B | -43.51B | -34.65B | -22.79B | -25.59B |
| Financing Cash Flow | -31.47B | 8.51B | -48.08B | -7.89B | -20.82B | 13.54B |
Nippon Sheet Glass Company Technical Analysis
Negative
512.00
Price Trends
543.50
Negative
541.54
Negative
528.05
Negative
Market Momentum
-14.42
Negative
43.57
Neutral
57.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5202, the sentiment is Negative. The current price of 512 is above the 20-day moving average (MA) of 473.50, below the 50-day MA of 543.50, and below the 200-day MA of 528.05, indicating a neutral trend. The MACD of -14.42 indicates Negative momentum. The RSI at 43.57 is Neutral, neither overbought nor oversold. The STOCH value of 57.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5202.
Nippon Sheet Glass Company Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥719.46B | 14.05 | 7.20% | 2.41% | -0.73% | 88.36% | |
75 Outperform | ¥499.02B | 7.76 | 8.58% | 2.62% | 1.44% | -0.92% | |
72 Outperform | ¥8.25T | 15.56 | 8.97% | 1.38% | 4.96% | 8.64% | |
67 Neutral | ¥5.32T | 10.20 | 6.98% | 2.98% | 2.41% | 11.03% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | ¥1.69T | 14.23 | 8.34% | 2.03% | 4.33% | 524.86% | |
42 Neutral | ¥49.83B | -16.06 | -8.11% | ― | 0.47% | -223.83% |
* Consumer Cyclical Sector Average
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Nippon Sheet Glass Company Corporate Events
Nippon Sheet Glass Revises Valuation Inputs in Capital Restructuring Plan
Mar 24, 2026
Nippon Sheet Glass has issued a partial correction to its March 24 announcement detailing a major capital restructuring that includes a third-party share allotment, debt-equity swap, share consolidation, and changes in its parent company and large...
Nippon Sheet Glass to Eliminate Class A Shares in Major Equity Conversion
Mar 24, 2026
Nippon Sheet Glass has received requests from all holders of its non-voting Class A shares to convert their holdings into common shares, triggering the acquisition and cancellation of all 22,644 Class A shares. In exchange, the company will issue ...
NSG Group Executives Take Voluntary Pay Cuts Amid Fundamental Initiatives
Mar 24, 2026
NSG Group, the global glass manufacturer based in Tokyo, has announced that its top executives, including President and CEO Munehiro Hosonuma, will voluntarily reduce their salaries. The move is presented as a demonstration of commitment to stakeh...
NSG Group to Go Private with Apollo-Backed Recapitalization and Major Debt Cut
Mar 24, 2026
Nippon Sheet Glass Company said it will receive a 165 billion yen capital injection from Apollo Funds via a third-party allotment of new shares, while key existing investors plan to convert preferred shares and back the plan at the annual meeting....
Apollo-backed recapitalization to take Nippon Sheet Glass private and overhaul capital structure
Mar 24, 2026
Nippon Sheet Glass plans a major recapitalization that will see funds managed by Apollo Global Management acquire control through a ¥165 billion third-party share allotment and subsequent share consolidation, making Apollo’s vehicle the...
Nippon Sheet Glass Confirms It Is Weighing Delisting-Linked Restructuring
Mar 23, 2026
Nippon Sheet Glass has acknowledged that a media report about a potential restructuring via delisting, backed by over 300 billion yen in financial support from Apollo and a consortium of banks, is mostly accurate. The company confirmed it is consi...
Nippon Sheet Glass to Swap Class A Shares for 1.5 Million Common Shares
Feb 27, 2026
Nippon Sheet Glass has disclosed that Japan Industrial Solutions Fund II, a holder of its non-voting Class A shares, has exercised its right to request the acquisition of part of those shares in exchange for common stock. As a result, the company ...
Nippon Sheet Glass Posts Higher Operating Profit but Remains in Loss, Keeps Dividends at Zero
Feb 10, 2026
Nippon Sheet Glass Company reported consolidated revenue of ¥640.6 billion for the nine months to 31 December 2025, up 1.7% year on year, with operating profit surging 71.3% to ¥18.5 billion, though the group still posted a net loss attr...
NSG Group Updates FY2026 Outlook and 2030 Financial Targets
Feb 6, 2026
NSG Group has released its financial results for the third quarter of the fiscal year ending March 2026 and provided an updated forecast for the full year, alongside revisions to its medium- to long-term financial targets under the “2030 Vis...
Nippon Sheet Glass Narrows Losses and Lifts Profitability But Maintains Zero Dividend
Feb 6, 2026
Nippon Sheet Glass reported a modest 1.7% year-on-year increase in revenue to ¥640.6 billion for the first nine months of FY2026, while operating profit before exceptional items surged 71.3% to ¥18.5 billion, driven by improved profitabi...
Nippon Sheet Glass Issues 3 Million New Shares as Class A Investor Swaps into Common Stock
Jan 5, 2026
Nippon Sheet Glass has disclosed that Japan Industrial Solutions Fund II, a holder of its non-voting Class A shares, has exercised its right to have 1,776 of those preferred shares acquired by the company in exchange for common stock. In response,...
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.