Today I will talk about Nippon Electric Glass, which literally manufactures and sells glass products and glass manufacturing machines.
※The above images are from Nippon Electric Glass’s website
Nippon Electric Glass is engaged in the development of material and processing of glass products used for various purposes such as automobiles, transportation, information and communication, semiconductors, medical care, displays,lighting, energy, social infrastructure, home appliances and housing.
They are especially skillful at glass for flat panel displays (FPD) and automotive glass, and their main customers are LCD panel companies in South Korea, Taiwan, and China.
￥1,583（5/8 last closing price) The latest stock price← click here Trading unit: 100
The final month of the settlement: December
Dividend yield 6.32%
PER 13.90 PBR0.33
Equity ratio 71.0%
Despite stable growth in pharmaceutical glass tubes, the demand for glass is slowing down overall, and their immediate performance targets are sales of 300 billion yen and operating income of 25 billion yen.
I expect that the special processing technology, which is the strength of this company, will become more important as we move into the era of 5G.
Transition of business results
|
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2017. 12 |
282,447 |
32,201 |
27,184 |
273.3 |
90 |
33% |
|
2018. 12 |
300,326 |
24,865 |
15,199 |
154.3 |
100 |
65% |
|
2019. 12 |
257,189 |
15,937 |
▲33,669 |
▲348.5 |
100 |
-% |
|
2020. 12 |
260,000 |
16,000 |
11,000 |
113.8 |
100 |
88% |
※Unit of sales, operating profit, net income is one-million yen
※The figure for December 2020 is the predicted value
|
Cash flow statement |
2019.12 |
2018.12 |
|
CF operating activities |
216 |
520 |
|
CF investing activities |
▲143 |
▲195 |
|
CF financing activities |
▲219 |
▲285 |
※One unit is one hundred million yen
Note: You should be responsible for your own investment. Please make your own final judgment.