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Nippon Sheet Glass announces Revision of Operating Result Forecast

Date
23 Aug 2007
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.