Home > Press Releases > 2007 > NSG announces Revision of Operating Result Forecast

2007

  • August 23, 2007
  • Nippon Sheet Glass Co., Ltd.

Nippon Sheet Glass announces Revision of
Operating Result Forecast

Nippon Sheet Glass Co., Ltd. ( “the Company” ) announces the revision made to its previous forecast of operating results for FY 2008 ( April 2007 through March 2008 ) published on 9 August 2007, as below.

I. Revised operating result forecast ( consolidated )

1. Interim result ( 1st April 2007 through 30th September 2007 )

( Unit: JPY million, % )
  Net Sales Operating income Income before
extra-ordinary items
Net Income
Previous forecast (A)
published on 9 August 2007
420,000 23,000 12,000 39,000
Revised forecast (B) 430,000 25,000 14,000 47,000
Change(B-A) 10,000 2,000 2,000 8,000
Change (%) 2.4% 8.7% 16.7% 20.5%
Previous year result (FY2007) 273,259 8,589 7,250 20,259

2. Full year result ( 1st April 2007 through 31st March 2008 )

 ( Unit: JPY million, % )
  Net Sales Operating income Income before
extra-ordinary items
Net Income
Previous forecast (A)
published on 9 August 2007
830,000 42,000 24,000 45,000
Revised forecast (B) 850,000 45,000 27,000 53,000
Change(B-A) 20,000 3,000 3,000 8,000
Change (%) 2.4% 7.1% 12.5% 17.8%
Previous year result (FY2007) 651,547 23,822 8,001 12,095

Note : The weighted average currency exchange rate, used for the presentation above, is as follows.

Previous forecast   JPY 215 per GBP
Q1 Actual   JPY 239 per GBP
Remaining nine months (FY 08)   JPY 225 per GBP
Full year (FY08)   JPY 230 per GBP

II. Reason for the revision

While the performance of the Company remains steady, Japanese Yen has become weaker against Sterling Pound than previously expected.

III. Forecast for the Company's stand-alone result

The forecast of the Company's stand-alone operating results are not published.

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