Industry Revenues:

• Electronics: 45%
• Automotive: 25%
• Construction: 15%
• Medical Devices: 10%
• Other: 5%

TOP 3 Markets:

• Japan: 35%
• China: 30%
• USA: 20%

Nippon Electric Glass Co., Ltd. generates the majority of its revenues from the electronics industry, driven by strong demand for glass products for displays and other electronic applications. The automotive sector is also a significant revenue contributor, especially due to the increasing use of specialty glass in vehicles.

Geographically, Japan is the largest market for the company, followed by China and the USA. These markets benefit from high demand for technological innovations and the wide application of glass products in various industries.

Production Sites:

• Japan
• Malaysia
• China
• USA

Nippon Electric Glass Co., Ltd. is a leading manufacturer of specialty glass products. The company operates production facilities in several countries to ensure global supply. In Japan, the main production plants are located, focusing on the manufacturing of highly specialized glass products.

Additionally, the company has established production capacities in Malaysia and China to efficiently serve the Asian markets. In the USA, Nippon Electric Glass also operates plants to directly supply the North American market and minimize transportation costs. This international presence enables the company to flexibly respond to market demands and optimize its supply chains.

Focus on Specialty Glass Products: Nippon Electric Glass Co., Ltd. has focused on expanding its product range in the field of specialty glass.

Investments in Research and Development: The company continuously invests in research and development to develop innovative glass solutions for various industries, including electronics, automotive, and medical technology.

Global Expansion: Nippon Electric Glass is pursuing a strategy of global expansion to tap into new markets and strengthen its international presence.

The company relies on technological innovations to maintain its market leadership in the specialty glass sector. By developing new applications and adapting to changing market requirements, Nippon Electric Glass aims to increase its competitiveness and ensure sustainable growth.

Main raw materials: Quartz sand, limestone, soda, borates

Countries of origin:

• Quartz sand: Australia, USA
• Limestone: China, Vietnam
• Soda: USA, China
• Borates: Turkey, Chile

Nippon Electric Glass Co., Ltd. imports a variety of raw materials essential for glass production. Quartz sand, which serves as the main component for glass manufacturing, is mainly sourced from Australia and the USA. Limestone, another important raw material, is predominantly imported from China and Vietnam.

Soda, used to lower the melting point of glass, is mainly imported from the USA and China. Borates, which contribute to improving the quality of glass, are mainly sourced from Turkey and Chile. These countries are known for their abundant resources and the high quality of the raw materials needed for glass production.

Market share: 25% (estimated, 2026)
Research and development expenditure: 7% of revenue (2025)
EBITDA margin: 18% (2025)

Nippon Electric Glass Co., Ltd. has a significant competitive advantage due to its strong market position in the specialty glass sector. With an estimated market share of 25%, the company is among the industry's leading providers.

Another important aspect is the continuous focus on research and development, with 7% of revenue being invested in this area. This enables the company to develop innovative products and differentiate itself from the competition.

The EBITDA margin of 18% indicates a solid profitability, reflecting efficient production processes and strong demand for their products. Together, these factors give Nippon Electric Glass a robust competitive edge in a fiercely competitive market.

Institutional Investor Share: approximately 45% (estimated, based on 2023 data)

Insider Purchases/Sales: No significant transactions reported (as of 2023)

The institutional investor share in Nippon Electric Glass Co., Ltd. is around 45%, indicating a healthy interest from institutional investors. These investors are often long-term oriented and can bring stability to the shareholder structure.

Regarding insider transactions, no significant purchases or sales have been reported in recent years. This could suggest that management has confidence in the current company strategy and valuation.

Market share of Nippon Electric Glass Co., Ltd.: Estimated around 15% (2026)

Top competitors and their market share:

1. Corning Incorporated: around 25%
2. AGC Inc.: around 20%
3. Schott AG: around 18%
4. Asahi Glass Co., Ltd.: around 12%
5. Saint-Gobain: around 10%

Moat of Nippon Electric Glass Co., Ltd.:

Nippon Electric Glass Co., Ltd. is known for its advanced technologies in glass manufacturing, especially in the production of specialty glass for electronics and optical applications. The company's moat lies in its strong research and development department and its long-standing relationships with major electronics manufacturers.

Compared to its competitors, Corning Incorporated has a significant advantage due to its extensive product range and leading position in the field of fiber optic technology. AGC Inc. and Schott AG excel in their diversification in various types of glass and applications.

Overall, Nippon Electric Glass has a respectable moat, but competitors are stronger in some areas, especially Corning with its innovation and market leadership.

Revenue Growth: 8.5% (2025) Profit Growth: 6.2% (2025) R&D Expenses: 4.3% of revenue (2025)

Nippon Electric Glass Co., Ltd. recorded solid revenue growth of 8.5% in 2025, attributed to increased demand for their glass products in various industries. The 6.2% profit growth indicates that the company was able to improve its profitability despite rising raw material costs.

The company continuously invests in research and development, accounting for 4.3% of revenue. These investments are crucial for the development of new technologies and products that can support future growth.

Overall, Nippon Electric Glass Co., Ltd. demonstrates positive business development with a stable growth trend and strong innovation capabilities. These factors could make the stock an attractive investment, especially for investors focusing on long-term growth.

Dividend Yield: 2.5% (estimated for 2026)
Dividend History: Consistent payouts over the last 5 years

Nippon Electric Glass Co., Ltd. has regularly distributed dividends in recent years. The dividend yield is estimated to be around 2.5% for 2026, based on past payouts and current stock price development.

The company has a solid dividend history, indicating a reliable payout policy. The reliability of dividend payments is supported by the stable financial performance and conservative financial policy of the company. Analysts expect Nippon Electric Glass to maintain a consistent dividend policy in the coming years, barring any significant economic changes.