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NSG Group Announces Revision of Forecast

Pilkington's parent company, the NSG Group, has announced the revision of its previous forecast for full-year 2009 (April 2008 through March 2009), as follows. The original forecast was released in August 2008.

2009 Full Year Forecast
(in Japanese Yen)

Net Sales Operating Income Ordinary Income Net Income Net Income Per Share
Previous forecast (A)published on 11 August 2008
880,000
31,000
18,000
27,500
41.15
Revised forecast (B)
810,000
20,000
8,000
9,000
13.47
Change (B-A)
(70,000)
(11,000)
(10,000)
(18,500)
-
Change (%)
-8.0%
-35.5%
-55.6%
-67.3%
-
Previous year result (FY2008)
865,587
46,462
30,437
50,416
75.44

The reduction in income arises partly as a result of the stronger yen generating a reduced level of income on consolidation, and partly as a result of the challenging market conditions faced in many of the Group's major markets, according to a statement issued by the company. These challenging market conditions are anticipated to continue during the remainder of the financial year. In addition, the forecast reflects the income statement loss arising from the receipt of the results of the European Union Competition Commission investigation (CLICK HERE for related story).

CLICK HERE to view the company's consolidated results for the second-quarter.

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