NSG To Post Extra-Ordinary Loss In FY 2008 Half Year

Date: 9 November 2007
Source: NSG
Nippon Sheet Glass Co., Ltd., the ultimate holding company of NSG Group, ( hereinafter “the Company” ) announces its plan to post extra-ordinary loss for the half year ending 30th September 2007 as below: 1.


The Company reviewed the security value on its equity in some of its affiliate companies and now decided to write down one of them by approximately JPY 500 million of the gap between its book value and fair value due to its impairment. By this treatment, the corresponding amount of extra-ordinary loss will be posted for the half year to 30th September 2007.

2. Impact on the forecast

No changes are being made to the forecast of the Company’s operating result.

600450 NSG To Post Extra-Ordinary Loss In FY 2008 Half Year glassonweb.com
Date: 9 November 2007
Source: NSG

See more news about:

See more from these topics:

Others also read

Nippon Sheet Glass Co., Ltd. will install a new high-performance press bending line at the Maizuru plant (Kyoto, Japan) for automotive windshields, applying its proprietary technologies.
Glass in Architecture showcases a selection of buildings from around the world, inspired by the most creative architectural ideas using glass.
NSG Group, the owner of the Pilkington brand, and one of the world’s largest glass producers, and Solaria, specialists in PV technology, are entering into a collaboration agreement to manufacture and produce (semi) transparent Building Integrated Photovoltaic (BIPV) solutions.
Pilkington United Kingdom Limited, part of the NSG Group, has launched a new performance search function to help architects, specifiers and customers build specifications tailored to their project requirements.
The Group will be showcasing a window unit containing Building Integrated Photovoltaics (BIPV) that allows a building to generate renewable energy.
NSG Vietnam Glass Industries, a NSG Group company based in southern Vietnam, was awarded with 2016 Outstanding Quality Award by First Solar for VGI’s continuous quality improvement efforts and enduring commitment to First Solar’s Supplier Quality Continuous Improvement (SQCI) process.

Add new comment