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NSG Group announces Revision of Forecast

Date
11 Aug 2008
NSG Group, (hereinafter “the Group”) announces the revision made to its previous forecast for FY 2009 (April 2008 through March 2009) published on 23rd May 2008, as below.

I. Revised forecast (consolidated)

1. Interim forecast (1st April 2008 through 30th September 2008)

(Unit: JPYmillion, %)

 

Net Sales

Operating income

Ordinary
income

Net
Income

Net income
 per share

Previous forecast (A)
published on
23rd May 2008

440,000

15,500

9,000

14,500

¥21.70

Revised forecast (B)

440,000

17,500

11,000

23,000

¥34.42

Change(B-A)

0

2,000

2,000

8,500

-

Change (%)

0%

12.9%

22.2%

58.6%

-

Previous year result (FY2008)

433,944

27,047

17,301

51,469

¥77.01



2. Full year forecast (1st April 2008 through 31st March 2009)

(Unit: JPYmillion, %)

 

Net Sales

Operating income

Ordinary income

Net Income

Net income
 per share

Previous forecast (A)
published on
23rd May 2008

880,000

31,000

18,000

20,000

¥29.93

Revised forecast (B)

880,000

31,000

18,000

27,500

¥41.15

Change(B-A)

0

0

0

7,500

-

Change (%)

0%

0%

0%

37.5%

-

Previous year result (FY2008)

865,587

46,462

30,437

50,416

¥75.44

II. Reason for the revision

Full-year sales, operating income and ordinary income forecasts have been maintained.

The split of operating income, ordinary income and net income between the first half and second half has been amended, having regard to the recent market situation in crude oil and other raw materials.

The improvement to net income as forecast for the full-year relates to a revision of the Group's anticipated extraordinary items and taxation charges.