85GQ Anz Bank 43

    RNS Number : 1650I
  Nippon Sheet Glass Company Limited
  14 November 2008
   
    NSG Group announces Revision of Forecast

    NSG Group, (hereinafter "the Group") announces the revision made to its previous forecast for FY 2009 (April 2008 through March 2009)
published on 11 August 2008, as set out below.

    I. Revised forecast (consolidated)

    Full year forecast (1 April 2008 through 31 March 2009)
                                            (Unit: JPY million, %)
                                Net Sales  Operating income  Ordinary income  Net Income  Net income per share
     Previous forecast (A)      880,000    31,000            18,000           27,500      �41.15
  published on 11 August 2008
     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
    

    II. Reason for the revision
    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. 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 EU Competition Commission investigation, as set out in the statement issued by the company on 13
November.


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