Nippon Sheet Glass Shares Gain After Forecast Boost

Nippon Sheet Glass Co., the world's biggest supplier of car windows, had the second-biggest gain in Japan's Nikkei 225 Stock Average after increasing its profit forecast because the yen weakened against the pound.

The stock gained 23 yen, or 3.8 percent, to 635 yen in Tokyo. The number of shares traded was double the full-day average of the past year.

The yen's declines against the pound, euro and U.S. dollar are boosting the value of overseas earnings converted into Japanese currency. Nippon Sheet Glass acquired Pilkington Plc of the U.K. last year in its biggest takeover, making Europe the largest of the Japanese glassmaker's three business regions.

Read the full story 

600450 Nippon Sheet Glass Shares Gain After Forecast Boost

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.
Mark Mitchell, Director, Mackenzie Glass
Mackenzie Glass, part of the Cornwall Glass group of businesses has agreed contracts on the acquisition of Pilkington Bristol from NSG.
Restart of the Pilkington Italia Float Line
Monday, 16 October, was an important date for Pilkington Italia, for the community of Venice and for the entire Veneto Region as the warm-up of the new furnace for glass production at Porto Marghera plant commenced.
Pilkington Sunplus™ BIPV powered by Solaria receives IEC Certification
NSG Group’s Architectural Glass Solar Products Certified to Global Design and Safety Standards.
Pleotint is now supplying their Suntuitive® Dynamic Glass interlayer to Pilkington/NSG Europe for use in the Pilkington Suncool™ Dynamic product line.
Pilkington MirroView™
Pilkington North America will exhibit a range of high performance glass products at the Society of Information Display (SID) Display Week at the Los Angeles Convention Center, Los Angeles, CA on May 23-26, 2017.

Add new comment