Nippon Sheet Glass Announces Revision Of Operating Result Forecast And Recognition Of Extra-Ordinary Gain

In connection to the sale of the flat glass business in Australasia announced on 29th June 2007, Nippon Sheet Glass Co., Ltd. (“the Company”) announces the revisions made to its forecast of operating results published on 31st May 2007 and the recognition of extra-ordinary gain for the full fiscal year 2008 ( April 2007 through March 2008 ) as below.

I. Estimation of the extra-ordinary gain from the sale of business :

JPY 25-35 Billion.

The Company has sold the business by way of selling all the issued shares of the holding company, named Pilkington Australia Finance Pty Ltd. Since the Company is still working on to finalize the value of the assets and liabilities of the business and also the resulting income tax should be calculated based upon the said value, the Company have to show the gain from the sale in an above range at this present.

The final amount of the gain will be announced as soon as it is fixed.

Read the entire story on the source link below.

600450 Nippon Sheet Glass Announces Revision Of Operating Result Forecast And Recognition Of Extra-Ordinary Gain glassonweb.com

See more news about:

Others also read

Christian Quenett
On 22 March, during the last General Assembly of Glass for Europe, Dr. Christian Quenett, Head of Architectural Glass Europe Pilkington Deutschland AG (NSG Group), has been elected Chairman of the Board of Directors of Glass for Europe.
Expansion of production capacity | SEKISUI S-Lec
Increased Production Capacity of Interlayer Film for Laminated Glass and Raw Material Resin in Europe.
New application of NEXNOVO glass wall for South Tower in Japan
More and more glass building wall appear in our modern city, especially in busy areas. The more buildings, the more creative designs. Passersby are easily absorbed by those creative buildings. That’s why advertising has higher value in central area.
AGC Asahi Glass announces that it has started the construction of a net zero-energy building (ZEB*1) at its Kashima Plant.
Human Luminosity Curve
Researchers at The University of Tokyo invent semi-transparent solar cell for efficient power generation.
Panasonic Develops Unique Vacuum Insulated Glass Based on Its Plasma Display Panel Technology
The new vacuum insulated glass achieves the industry's top-class(*1) insulation performance for glass of approx. 6 mm total thickness.

Add new comment