85GQ Anz Bank 43

RNS Number:7886Z
Nippon Sheet Glass Company Limited
06 July 2007


Corporate Communications Department
Nippon Sheet Glass Co., Ltd.
3-5-27 Mita Minato-ku Tokyo 108-6321 Japan



      Nippon Sheet Glass announces Revision of Operating Result Forecast and
                       Recognition of Extra-ordinary Gain

In connection to the sale of the flat glass business in Australasia announced on
29th June 2007, Nippon Sheet Glass Co., Ltd. ('the Company') announces the 
revisions made to its forecast of operating results published on
31st May 2007 and the recognition of extra-ordinary gain for the full fiscal 
year 2008 ( April 2007 through March 2008 ) as below.


1. Estimation of the extra-ordinary gain from the sale of business:  JPY 25-35
Billion.

The Company has sold the business by way of selling all the issued shares of the
holding company, named Pilkington Australia Finance Pty Ltd. Since the Company
is still working on to finalize the value of the assets and liabilities of the
business and also the resulting income tax should be calculated based upon the
said value, the Company have to show the gain from the sale in an above range at
this present.

The final amount of the gain will be announced as soon as it is fixed.



2. Revised forecast for the consolidated result

The Company revises its forecast of operating results, published on 31st May
2007, for the full fiscal year 2008 ( 1st April 2007 through 31st March 2008 )
as below.



i). Interim result ( 1st April 2007 through 30th September 2007 )

                                                    ( Unit: JPY million, % )
                                  Net Sales               Income before                   Net Income
                                                   extra-ordinary items
Previous forecast (A)               420,000                      12,000                        9,000
on 31st May 2007
Revised forecast(B)                 420,000                      12,000                29,000-39,000
Change(B-A)                               0                           0               +20,000-30,000
Change (%)                             0.0%                        0.0%                +222.2-333.3%
Previous year result                273,259                       7,250                       20,259



ii). Full year result ( 1st April 2007 through 31st March 2008 )

                                                     (Unit: JPY million, % )
                                  Net Sales               Income before                   Net Income
                                                   extra-ordinary items
Previous forecast (A)               830,000                      24,000                        9,000
on 31st May 2007
Revised forecast(B)                 830,000                      24,000                29,000-39,000
Change(B-A)                               0                           0               +20,000-30,000
Change (%)                             0.0%                        0.0%                +222.2-333.3%
Previous year result                651,547                       8,001                       12,095



END


                      This information is provided by RNS
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END

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