Changes in Subsidiaries

Date

31 Jan 2008

1. Content of implementation

Merge three of 100 per cent subsidiaries of the Company, NSG Kanto Co., Ltd., NSG Tokai Co., Ltd. and NSG Kansai Co., Ltd. into a single company. As a consequence of this transaction, the sales of the surviving company ( NSG Kanto Co., Ltd. ) after merger will be more than 10 % of the purchase of the Company and the surviving company will be classified as a designated subsidiary per Article 19. of Cabinet Order for corporate information disclosure.

2. Date of implementation

1st April 2008.

3. Purpose of merger

To centralize the management of manufacturing and order entry, as well as to reduce overhead costs, to meet increasing requirements to enhance the competitiveness in the quality, price and timely delivery of insulated, laminated and tempered value-added building glass products.

4. Outline of the new company

(1) Name	To be decided
(2) Share capital	50 mil JPY
(3) Name of representative	To be decided.
(4) Shareholder	NSG (100 per cent)
(5) Number of employees	Around 720
(6) Headquarters	Ichihara city, Chiba Prefecture
(7) Surviving company	NSG Kanto Co., Ltd.
(8) Business description	Fabrication of insulated, laminated and tempered value-added building glass products.

5. Outline of the subsidiaries involved

NSG Kanto Co., Ltd.
Share capital	50 mil JPY
Name of representative	Shigeki Mori
Number of employees	Around 430
Headquarters	Ichihara city, Chiba Prefecture
Business description	Fabrication of insulated, laminated and tempered value-added building glass products.

NSG Tokai Co., Ltd.
Share capital	50 mil JPY
Name of representative	Satoshi Honda
Number of employees	Around 90
Headquarters	Nagoya city, Aichi Prefecture
Business description	Fabrication of insulated, laminated and tempered value-added building glass products.

6. The impact on the operating result

The impact of this merger on the Company's consolidated and non-consolidated results is not material

All Announcements