Central Glass revises full-year forecast despite strong first-half performance

Central Glass Co., Ltd. announced that its consolidated earnings for the second quarter of fiscal year 2026 exceeded previous forecasts. Net sales reached 66,430 million yen, surpassing the 66,000 million yen forecast. Operating profit, ordinary profit, and net profit attributable to parent company shareholders also exceeded estimates, reaching 2,502 million yen, 3,412 million yen, and 2,135 million yen, respectively. This overperformance was attributed to the yen's depreciation, increased sales in fertilizer and automotive glass fiber products, and higher non-operating income.

Despite the strong interim results, the full-year consolidated earnings forecast has been revised downward. The company now expects net sales of 142,400 million yen (down from 145,000 million yen) and operating profit of 7,000 million yen (down from 7,500 million yen). Ordinary profit is also revised to 7,800 million yen from 8,000 million yen. This revision reflects intensified competition and reduced sales of lithium-ion battery electrolyte products expected in the second half.

The company also disclosed changes in its segment reporting, now categorizing into "Electronic Materials," "Energy Materials," "Life & Healthcare," and "Glass," effective from the first quarter of the consolidated fiscal year.