17 companies · FY2026 results (earnings releases, consolidated)
MARUWA ranks first for operating margin in the Glass & Ceramics industry at 33.5%. The top three are MARUWA (33.5%), Fujimi (19.9%) and Niterra (18.9%).
Across the 17 companies the average is 12.6% and the median 11.0%. Sumitomo Osaka Cement comes last at 6.1%, a gap of 27.4 percentage points to the leader.
8 of 17 companies are above the average.














Shares 1Y is a closing-price reference (vs. about a year earlier).
| Rank | Company | Operating margin | Average salary | Revenue | Operating profit |
|---|---|---|---|---|---|
| 1 | MARUWA5344 | 33.5% | ¥8.88M | ¥74.5B | ¥25.0B |
| 2 | Fujimi5384 | 19.9% | ¥8.92M | ¥69.4B | ¥13.8B |
| 3 | Niterra5334 | 18.9% | ¥9.88M | ¥731.2B | ¥138.2B |
| 4 | Nittobo3110 | 17.6% | ¥7.49M | ¥118.2B | ¥20.8B |
| 5 | Nichias5393 | 14.7% | ¥7.29M | ¥251.9B | ¥37.0B |
| 6 | Toyo Tanso5310 | 14.6% | ¥7.25M | ¥46.2B | ¥6.8B |
| 7 | NGK Insulators5333 | 13.1% | ¥8.45M | ¥619.5B | ¥81.2B |
| 8 | Nippon Carbon5302 | 12.7% | ¥7.92M | ¥37.7B | ¥4.8B |
| 9 | NEG5214 | 11.0% | ¥7.04M | ¥311.4B | ¥34.1B |
| 10 | Taiheiyo Cement5233 | 8.3% | ¥7.64M | ¥898.4B | ¥74.6B |
| 11 | Tokai Carbon5301 | 8.0% | ¥7.47M | ¥323.0B | ¥25.9B |
| 12 | Noritake5331 | 7.8% | ¥6.97M | ¥142.9B | ¥11.1B |
| 13 | Shinagawa Refractories5351 | 7.7% | ¥6.90M | ¥177.7B | ¥13.6B |
| 14 | TOTO5332 | 7.3% | ¥7.81M | ¥737.4B | ¥53.8B |
| 15 | Nippon Hume5262 | 6.3% | ¥6.89M | ¥40.2B | ¥2.5B |
| 16 | AGC5201 | 6.2% | ¥8.88M | ¥2.1T | ¥127.5B |
| 17 | Sumitomo Osaka Cement5232 | 6.1% | ¥7.34M | ¥223.7B | ¥13.6B |
Revenue and operating profit are from the latest full-year consolidated results. Average salary is for the reporting entity per its annual securities report; pure holding companies with fewer than 50 staff are excluded.