Industries›17 companies · latest full-year results
An industry involved in manufacturing and processing inorganic materials such as glass, cement, ceramics, and carbon products.
The 17 glass & ceramics companies we cover had combined revenue of ¥6.9T (+2.4% year over year) and operating profit of ¥684.3B, an industry-wide operating margin of 10.0%.
AGC leads on revenue (¥2.1T, a 30.0% share), and the top three hold 54% of industry sales. 10 grew both revenue and operating profit; 3 saw both fall.
MARUWA has the highest operating margin (33.5%); average pay across the industry is ¥7.82M, highest at Niterra (¥9.88M).
Industry total
Glass & Ceramics · 17 companies
YoY compares companies with prior-year figures
StockShares are +25.4% over a year, ahead of the all-industry average (+14.9%) — #8 of 53 industries. Over the last month: −8.0%, −5.3pt against the market.Details
GuidanceCompany plans for FY2027 (16 companies combined): revenue +9.4%, operating profit +13.9%. Planned profit growth is above the all-industry plan (+13.0%).Details
Revisions6 raised and 1 cut this year's forecast. The biggest revision: Tokai Carbon (operating profit +34.6%).Details
Latest resultsYear to date through Q1, 8 companies combined: revenue +11.7%, operating profit +32.1% year over year. 5 are ahead of an even pace toward their full-year plan, 6 behind.Details
Disclosures9 TSE filings in the last 90 days (guidance revisions 4, buybacks 2, dividends 1).Details
Earnings dates11 companies report within 30 days, starting with AGC on Nov 5 and Tokai Carbon on Nov 5.Details
| Company | Op. profit (last FY) | This year's plan | Plan change | Revision | Progress (Q2 cumulative) |
|---|---|---|---|---|---|
| ¥127.5B | ¥150.0B | +17.7% | Unchanged | 43% |
| ¥74.6B | ¥76.0B | +1.8% | Unchanged | 15% |
| ¥53.8B | ¥60.0B | +11.6% | Unchanged | 42% |
| ¥138.2B | ¥160.0B | +15.8% | Up +6.7% | 51% |
| ¥25.9B | ¥35.0B | +35.4% | Up +34.6% | 43% |
| ¥34.1B | ¥20.0B | −41.4% | Down −39.4% | 80% |
| ¥37.0B | ¥49.0B | +32.4% | Up +8.9% | 23% |
 | ¥13.6B | ¥15.0B | +9.9% | Unchanged | 23% |
 | ¥13.6B | ¥13.0B | −4.5% | Unchanged | 13% |
 | ¥11.1B | ¥13.0B | +17.0% | Up +13.0% | 31% |
 | ¥20.8B | ¥30.0B | +44.1% | Up +15.4% | 26% |
 | ¥25.0B | ¥38.3B | +53.3% | Up +29.0% | 46% |
 | ¥13.8B | ¥14.5B | +4.9% | Unchanged | 32% |
 | ¥6.8B | ¥6.2B | −8.3% | Unchanged | 29% |
 | ¥2.5B | ¥2.9B | +14.9% | Unchanged | 32% |
Plans are each company's forecast for the current year from its earnings release. Plan change compares with last year's results; revisions compare the latest forecast with the first one given for the year. Progress is cumulative operating profit ÷ the full-year plan, against an even pace of 25% after Q1, 50% after Q2 and 75% after Q3 (a rough guide for seasonal businesses).
| Change | 1M | 3M | 1Y |
|---|---|---|---|
| Glass & Ceramics | −8.0% | −6.1% | +25.4% |
| All industries | −2.7% | −0.9% | +14.9% |
| vs. market | −5.3pt | −5.2pt | +10.5pt |
Rank among industries:3M #40/531Y #8/53
Industry returns are an equal-weighted (geometric) average of member companies. Prices are split-adjusted closes for reference, not real-time.
Totals for the 5 covered companies with full-year results for every year from FY2022 to FY2026. The set is fixed, so adding or removing coverage doesn't move the figures.
Average salary is the reporting entity's figure (often a holding company) from its annual securities report. Holding companies with fewer than 50 staff are excluded.
TOTO: Plans ¥30bn buyback of up to 9.5m shares
NGK Insulators: FY2027 net profit forecast raised to ¥100bn
Niterra: Sets 6% DOE target, raises annual dividend forecast
| Company | Revenue | YoY | Operating profit | Margin | Share | Average salary | Average age | Employees |
|---|---|---|---|---|---|---|---|---|
| 1 | ¥2.1T | −0.4% | ¥127.5B | 6.2% | 30.0% | ¥8.88M | 43.2 | 8,014 |
| 2 | ¥898.4B | +0.2% | ¥74.6B | 8.3% | 13.1% | ¥7.64M | 39.8 | 1,733 |
| 3 | ¥737.4B | +1.8% | ¥53.8B | 7.3% | 10.7% | ¥7.81M | 45.2 | 7,758 |
| 4 | ¥731.2B | +12.0% | ¥138.2B | 18.9% | 10.7% | ¥9.88M | 43.0 | 3,195 |
| 5 | ¥619.5B | +7.0% | ¥81.2B | 13.1% | 9.0% | ¥8.45M | 40.5 | 4,876 |
| 6 | ¥323.0B | −7.8% | ¥25.9B | 8.0% | 4.7% | ¥7.47M | 42.8 | 782 |
| 7 | ¥311.4B | +4.1% | ¥34.1B | 11.0% | 4.5% | ¥7.04M | 43.9 | 1,746 |
| 8 | ¥251.9B | −1.8% | ¥37.0B | 14.7% | 3.7% | ¥7.29M | 40.9 | 1,886 |
| 9 | ¥223.7B | +1.9% | ¥13.6B | 6.1% | 3.3% | ¥7.34M | 42.9 | 1,364 |
| 10 | ¥177.7B | +23.4% | ¥13.6B | 7.7% | 2.6% | ¥6.90M | 44.7 | 1,301 |
| 11 | ¥142.9B | +3.4% | ¥11.1B | 7.8% | 2.1% | ¥6.97M | 44.8 | 1,722 |
| 12 | ¥118.2B | +8.4% | ¥20.8B | 17.6% | 1.7% | ¥7.49M | 41.7 | 867 |
| 13 | ¥74.5B | +3.7% | ¥25.0B | 33.5% | 1.1% | ¥8.88M | 43.8 | 651 |
| 14 | ¥69.4B | +11.0% | ¥13.8B | 19.9% | 1.0% | ¥8.92M | 41.9 | 911 |
| 15 | ¥46.2B | −13.0% | ¥6.8B | 14.6% | 0.7% | ¥7.25M | 40.9 | 976 |
| 16 | ¥40.2B | +8.6% | ¥2.5B | 6.3% | 0.6% | ¥6.89M | 44.1 | 458 |
| 17 | ¥37.7B | −0.6% | ¥4.8B | 12.7% | 0.5% | ¥7.92M | 42.6 | 187 |
| Industry total / average | ¥6.9T | +2.4% | ¥684.3B | 10.0% | 100% | ¥7.82M | 42.7 | 38,427 |
Revenue and operating profit are from each company's latest full-year results. Green margins are at or above the industry margin. Financial institutions may not report operating profit.
TOTO Q1 FY2027: Revenue +1.7%, Operating Profit -1.6%; FY View Held
TOTO: Plans ¥30bn buyback of up to 9.5m shares
