NSG Group announces Revision of Forecast
NSG Group, (hereinafter “the Group”) announces the revision made to its previous forecast for FY 2010 (April 2009 through March 2010) published on 20 May 2009, as set out below.
I. Revised forecast (consolidated)
Full year forecast (1 April 2009 through 31 March 2010)
|
(Unit: JPY million, %)
|
|
|
Net Sales
|
Operating Income
|
Ordinary
Income
|
Net
Income
|
Net income
per share
|
|
Previous forecast (A)
published on 20 May 2009
|
580,000
|
(30,000)
|
(47,000)
|
(50,000)
|
¥(74.83)
|
|
Revised forecast (B)
|
590,000
|
(23,000)
|
(40,000)
|
(47,000)
|
¥(74.13)
|
|
Change(B-A)
|
10,000
|
7,000
|
7,000
|
3,000
|
|
|
Change (%)
|
1.7%
|
-
|
-
|
-
|
|
|
Previous year result (FY2009)
|
739,365
|
1,908
|
(12,259)
|
(28,392)
|
¥(42.49)
|
II. Reason for the revision
This revised forecast reflects the continued stability of the Group's markets, with the second half results expected to show a slight improvement from the second quarter, as further cost savings, and improvements in flat glass market prices are realized.