Nippon Sheet Glass Announces Revision Of Operating Result Outlook And Recognition Of Extra-Ordinary Loss

Nippon Sheet Glass Co., Ltd. (“the Company”) announces the revisions made to its outlook of consolidated and non-consolidated operating results published on 6th July 2007 and the recognition of extra-ordinary loss for the full fiscal year 2007 ( April 2006 through March 2007 ) as below.

After the closing of the acquisition of Pilkington in June 2006, the Company announced its forecast of operating result on 6th July 2007. However, due to a number of unpredictable factors for financial projection, including valuation of intangible fixed assets and goodwill, recognition of various expenses related to the acquisition and the foreign currency fluctuation, the Company has been reserved its revision since then. Now the Company announces its revised outlook, partly because the policy of the said factors has been fixed and also because some extra-ordinary items have been recognized.

The announcement of the full year result is scheduled on 31st May 2007.

600450 Nippon Sheet Glass Announces Revision Of Operating Result Outlook And Recognition Of Extra-Ordinary Loss glassonweb.com
Date: 23 May 2007
Source: NSG

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