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NSG Group announces Revision of Forecast

Post Time:Nov 13,2009Classify:Company NewsView:319

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.

Source: NSG Author: shangyi

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