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Recognition of Extraordinary Income and Charges

Date
07 May 2008
NSG Group, (hereinafter “the Company”) announces the recognition of the following extraordinary income and charges incurred in the fiscal year to March 2008 as follows.

1. Impairment of inventory book values (around JPY 0.8 billion: for both consolidated and non-consolidated basis)

The book value of inventories in Japan has been written down for impairment.

2. Revaluation gain of inventories (around JPY 1.0 billion: for both consolidated and non-consolidated basis)

The book value of inventories has been revalued upward.

If there is any material change in our outlook for the fiscal year to March 2008, the Company will make an appropriate announcement.