Sale of Non-current Assets
Nippon Sheet Glass Co., Ltd. (“the Company”) announces that it has today agreed the sale of non-current assets in Japan and the lease-back transactions as set out below.
1. Reason for the transaction
For the purpose of the balance sheet enhancement, the Company signed a contract of sale of non-current assets and a lease contract (lease-back agreement) with the Sumitomo Mitsui Finance & Leasing Co., Ltd., and the Company continues to use the assets.
2. Outline of the transaction
4. Transaction schedule
5. Impact on the operation
The impact of this sale upon the financial forecast for the year to 31 March 2015 (announced on 15 May 2014) is not material.