Falorni Tech Glass Melting Technology

NSG Group: Quarter 3 results of Financial Year ending March 2023

The highlights of the Quarter 3 results of the Financial Year, ending March 2023, in the presentation published by NSG Group are:

  • Continued revenue and operating profit increase with price and volume increase, partly helped by a weaker JPY
  • Higher energy, materials and other costs offset by sales price and volume improvements
  • Strong performance in Architectural continued, price pass-through progressed further in Automotive
  • Decline in sales volume reflecting the lockdown in China and costs rise leading to worse profitability in Technical glass
  • Maintaining shareholder’s equity ratio above RP24 target of 10 percent

Forecast for the Financial Year ending March 2023

  • Full-year forecast revised upward reflecting relatively strong cumulative performance
  • Continuous impact of input cost increases anticipated, with higher energy costs and worldwide inflation trend
  • Focusing on profitability improvement through continuous cost reduction, expansion of VA products and price increase across the whole Group

Update of Transformation Initiatives under Revival Plan 24

  • Business structure reform:
    Construction started to install online coating capacity for solar energy glass to an existing float furnace in Malaysia (Aiming at start of production from 2024/3 Q3)
    Solar energy glass expansion also under consideration in USA
  • Restoration of financial stability: Maintaining shareholders’ equity ratio above RP24 target of 10 percent

To download the full presentation click here.

Sign up for free to the daily newsletter

Subscribe now to our daily newsletter for full coverage of everything you need to know about the world glass industry!

We don't send spam! Read our Privacy Policy for more information.

Share this article