[Company analysis] Nippon Sheet Glass Co., Ltd. (日本板硝子)

「Nippon Sheet Glass Co., Ltd. (日本板硝子)」 manufactures and sells glass and stone products and glass for solar cells. Just like「AGC」, this company is also a global glass manufacturing company. Recently, they are trying to benchmark 「AGC」so that they established the brand name of「NSG」. This company  has many manufacturing bases over the 29 countries and has a sales network in 130 countries. The number of consolidated employees is approximately 28,500.

 

1. Company Profile

2. Summary and Features

3. Major Business

4. Financial Information

 

 

 

1. Company Profile

 

※Unit is JPY million, as of 2019

Company name	Nippon Sheet Glass Co., Ltd.
Company name (Japanese)	日本板硝子
Date of establishment	Friday, November 22, 1918
Headquarters location	〒541-0041 大阪市中央区北浜4丁目5番33号
Capital	116,400
Consolidated sales	612,789
Consolidated operating profit	36,855
Consolidated total assets	761,869
Consolidated capital	132,506
Capital adequacy ratio	17.4%
Consolidated number of employees	27,371

 

 

 

2. Summary and Features

 
「Nippon Sheet Glass」was founded in 1918, and has been handling various glass related products in the fields of construction, automobiles and high-performance glass since its establishment. As for the glass business, it is the second largest company in Japan for both sales and market share. Besides, they have history of more than 100 years and have a lineup of various types of glass, including insulating glass, fireproof glass, soundproof glass, and crime prevention glass. Currently, this company focus on developing glass for solar power generater.cellsWe are also working on development.

Their main business is the flat glass business for construction and automobiles, which accounts for about 90% of annual sales. As for the details of breakdown, 40% is for the architectural glass business and 50% is for the automotive industry.

The rest is high-performance glass business, which is a niche field that NGC's unique manufacturing technology is necessary such as thin glass for displays, information and communication devices, and glass fiber products. As for the substrate glass field used for thin-film solar power generation, they won quite large share in the world. In addition to the world's first vacuum glass, energy-saving glass and a large number of high-performance glass such as 99% UV shielding glass used in automobiles are also NGC products.

In June 2006,「Nippon Sheet Glass」acquired the UK's leading glass manufacturer「Pilkington」and, through their production bases around the world, they are trying to expand their sales network to 130 countries around the world. Geographically, 42% of the Group's sales are in Europe, 28% in Japan and 13% in North America. This is a different part with「AGC」 which has extremely high sales in Japan and the Americas.

 

 

 

3. Major Business

 

■ Architectural glass business

■ Automotive glass business

■ High-performance glass business

 

 

 

4. Financial information

 

※Unit is JPY million

		2016	2017	2018
Consolidated sales		580,795	598,897	612,789
Consolidated operating profit		29,862	35,632	36,855
Consolidated total assets		790,192	788,592	761,869
Consolidated net assets		133,708	143,715	132,506
Breakdown of sales	Architectural glass business	237,722	237,966	247,348
	Automotive glass business	296,560	311,428	314,645
	High-performance glass business	46,088	48,429	49,106
	Others	425	1,074	1,690