[Company analysis] Nippon Electric Glass Co., Ltd. (日本電気硝子)

「Nippon Electric Glass Co., Ltd. (日本電気硝子)」 is headquartered in Shiga Prefecture, and is the fourth largest company in the domestic glass industry in Japan. Among the glass, the main products are FPD glass for flat panel displays and glass fiber for automobiles. This company has high level of technological strength for research and development. The company name is similar to「NEC Corporation(日本電気)」and even was established by them, but now there is no dominant-subordinate relationship. The number of consolidated employees is approximately 5,084.

 

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 Electric Glass Co., Ltd.
Company name (Japanese)	日本電気硝子
Date of establishment	Tuesday, October 31, 1944
Headquarters location	〒520-8639　滋賀県大津市晴嵐二丁目7番1号
Capital	32,100
Consolidated sales	300,326
Consolidated operating profit	24,865
Consolidated total assets	725,575
Consolidated capital	521,547
Capital adequacy ratio	71.9%
Consolidated number of employees	5,084

 

 

 

2. Summary and Features

 
「Nippon Electric Glass」was founded by「NEC Corporation」 in 1944, and at the time of its founding, this company supplied their product to vacuum tube glass parts manufacturing companies. After World War II, there was an danger for company disbanding, but in 1949, it was decided that the company could resume their business.

 

In 1965, this company decided to enter the CRT glass business, and in the 1990s they were abled to expand it to overseas. Since then, 「Nippon Electric Glass」have been conducting business such as sales of special glass and glass manufacturing equipment in the electronic and information fields in the form of a single business. Now, FPD(Flat Panel Displays) glass and automobile glass fiber is their major business.

Obviously, comparative advantages of this company is based on their high technology. So they have many glass product that other glass manufacturers cannot handle. For example, products such as "Glass Mat" used for automobile ceilings are basically made by cutting glass fiber. However,「Nippon Electric Glass」is only one who can handle such a kind of glass fibers. In other words, by specializing in lightening glass technology, they are trying to break the mold of common sense about glass. And now they are expanding it into various fields such as construction, aviation, and medical care, as well as automobiles.

Besides, they are also at the forefront in the field of FPD glass for flat panel displays. 「NEG」supplys approximately 20% of the world production of liquid glass substrates. This is the 3rd largest market share along with world class glass manufacturers such as「Corning」and「AGC」. And about the field of high-performance resin-reinforced fibers, this company definitely got a top share in the world.

 

 

 

3. Major Business

 

■ Electronics / Information
They can handle various glass products such as glass for thin panel displays, chemically strengthened glass, and glass for solar cells.

■ Functional materials and others
This company also handle glass fiber, architectural glass, heat resistant glass, and medical glass.

 

 

 

4. Financial information

 

※Unit is JPY million

		2016	2017	2018
Consolidated sales		239,411	282,447	300,326
Consolidated operating profit		19,571	32,201	24,865
Consolidated total assets		693,917	764,420	725,575
Consolidated net assets		509,564	543,789	521,547
Breakdown of sales	Electronics / Information	147,100	149,100	152,200
	Functional materials and others	92,200	133,200	148,100