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Updated · MarketWatch · Apr 30Nippon Electric Glass reports higher first-quarter net profit
8 articles · Updated · MarketWatch · Apr 30
- For the quarter ended 31 March, net profit rose to Y8.33 billion from Y5.01 billion, while revenue edged up to Y75.10 billion from Y74.85 billion.
- Operating profit fell to Y6.48 billion from Y7.90 billion, but pretax profit increased to Y8.97 billion from Y6.10 billion.
- Earnings per share climbed to Y111.48 from Y62.47, with the Japanese glassmaker's results prepared under Japanese accounting standards.
Why did operating profit fall while net profit soared for Nippon Electric Glass? How does Japan's high-tech glass dominance secure its role in global tech supply chains? Can NEG's new furnace tech and ultra-thin glass outpace its global rivals? Are NEG’s major green energy investments boosting profits or just its public image? Is the company's massive share buyback a sign of strength or a lack of new ideas? Will NEG's Malaysian expansion solve the supply chain bottleneck for foldable phones?