Nippon Electric Glass cuts FY2026 operating profit forecast to JPY 20 billion from JPY 33 billion

• Nippon Electric Glass cut FY 2026 guidance: net sales JPY 300 billion from JPY 320 billion; operating profit JPY 20 billion from JPY 33 billion.
• Ordinary profit forecast trimmed to JPY 25 billion from JPY 33 billion; profit attributable to owners of parent cut to JPY 15 billion from JPY 23 billion.
• Revision reflects expected second-half sales pressure from U.S. composites restructuring, softer displays demand, higher raw material and energy costs.
• Displays profit outlook also hit by higher expenses tied to periodic repairs; additional costs expected from U.S. production termination in composites.
• Extraordinary loss of JPY 12.6 billion booked in Q2 as restructuring expenses tied to the composites overhaul, including the Shelby closure.

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