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Nippon Sheet Glass to Post Extra-ordinary Gain/Loss in FY 2008 Half Year

Date
27 Sep 2007
Nippon Sheet Glass Co., Ltd. ( “the Company” ) announces its plan to post extraordinary items relating to the sale and disposal of fixed assets, for the half year ending 30 September 2007.

I. Posting of extraordinary items

For the further efficiency and facilitation of its R&D activities relating to IT business, the Company is now in process of centralizing the concerned functions.

Relating to the transfer of operations from the Company’s Tsukuba Plant to other locations, gain of JPY 1.6 billion arising from the sale of fixed assets, and a loss of JPY 0.1 billion from the disposal is expected to be booked in the Company’s half year accounts.

II. Impact to the Company's business forecast

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