Nippon Sheet Glass announces Revision of Operating Result Forecast
Nippon Sheet Glass Co., Ltd. ( “the Company” ) announces the revision made to its previous forecast of operating results for FY 2008 ( April 2007 through March 2008 ) published on 9 August 2007, as below.
I. Revised operating result forecast (consolidated)
1. Interim result (1st April 2007 through 30th September 2007)
Unit: JPY million, %
|
|
Net Sales
|
Operating income
|
Income before
extra-ordinary items
|
Net Income
|
|
Previous forecast (A)
published on 9 August 2007
|
420,000
|
23,000
|
12,000
|
39,000
|
|
Revised forecast (B)
|
430,000
|
25,000
|
14,000
|
47,000
|
|
Change(B-A)
|
10,000
|
2,000
|
2,000
|
8,000
|
|
Change (%)
|
2.4%
|
8.7%
|
16.7%
|
20.5%
|
|
Previous year result (FY2007)
|
273,259
|
8,589
|
7,250
|
20,259
|
2. Full year result (1st April 2007 through 31st March 2008)
Unit: JPY million, %
|
|
Net Sales
|
Operating income
|
Income before
extra-ordinary items
|
Net Income
|
|
Previous forecast (A)
published on 9 August 2007
|
830,000
|
42,000
|
24,000
|
45,000
|
|
Revised forecast (B)
|
850,000
|
45,000
|
27,000
|
53,000
|
|
Change(B-A)
|
20,000
|
3,000
|
3,000
|
8,000
|
|
Change (%)
|
2.4%
|
7.1%
|
12.5%
|
17.8%
|
|
Previous year result (FY2007)
|
651,547
|
23,822
|
8,001
|
12,095
|
Note: The weighted average currency exchange rate, used for the presentation above, is as follows.
Previous forecast JPY 215 per GBP
Q1 Actual JPY 239 per GBP
Remaining nine months (FY 08) JPY 225 per GBP
Full year (FY08) JPY 230 per GBP
II. Reason for the revision
While the performance of the Company remains steady, Japanese Yen has become weaker against Sterling Pound than previously expected.
III. Forecast for the Company's stand-alone result
The forecast of the Company's stand-alone operating results are not published.