Nippon Electric Glass Co Ltd
TSE:5214
Nippon Electric Glass Co Ltd's latest stock split occurred on Jun 28, 2017
The company executed a 1-for-5 stock split, meaning that for every 5 shares held, investors received 1 new share.
Before the split, Nippon Electric Glass Co Ltd traded at 827 per share. Afterward, the share price was about 3229.1617.
The adjusted shares began trading on Jun 28, 2017. This was Nippon Electric Glass Co Ltd's 2nd stock split, following the previous one in Mar 27, 2007.
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Nippon Electric Glass Co Ltd
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Nippon Electric Glass Co., Ltd., often abbreviated as NEG, started its journey in 1949 as a trailblazer in the realm of glass technology, laying the foundation for a future where glass plays a pivotal role in diverse industrial applications. With its headquarters nestled in Otsu, Japan, NEG has positioned itself as a global leader in manufacturing specialty glass products. The company’s technological prowess shines brightly in various sectors including electronics, automotive, and architecture. NEG’s initial foray into the world of glass manufacturing centered around cathode ray tubes for televisions, but the march of technology has seen it expand into much broader horizons. Today, NEG’s portfolio boasts cutting-edge glass solutions such as ultra-thin glass substrates for LCDs and OLED displays, strengthening its market position as technology and consumer demands evolve. Nippon Electric Glass generates revenue through the fabrication and sale of advanced glass materials that cater to the tech-savvy and ever-evolving needs of modern industries. The comprehensive range of products NEG offers serves multiple high-growth sectors, thus ensuring a diversified income stream. From display glass, indispensable for new-age gadgets like smartphones and televisions, to glass fibers and the glass-ceramics used in building and infrastructure, NEG’s products are ingrained in the fabric of modern innovation. Their glass substrates also find applications in solar energy, indicating a strategic foray into sustainable technologies. Crucially, NEG's robust chain of value is enhanced by ongoing research and development, allowing it to innovate continuously and maintain a competitive edge in a world where technological obsolescence is a risk ever looming on the horizon.
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