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Asahi Glass Lowers Medium-Term Sales, Profit Targets

Asahi Glass Co. said on 1 April that it is targeting a group net profit of JPY 45 billion in fiscal 2003 to March 2004, cutting back an earlier estimate of JPY 73 billion.
Its group sales target for …

Asahi Glass Co. said on 1 April that it is targeting a group net profit of JPY 45 billion in fiscal 2003 to March 2004, cutting back an earlier estimate of JPY 73 billion. Its group sales target for the year was also reduced, to JPY 1.34 trillion from JPY 1.6 trillion projected in April 2001. The downward revisions reflect the company“s expectation of a slow recovery in sales of electronics products and displays. Asahi Glass sees a consolidated operating profit of JPY 95 billion for the year, down from JPY 160 billion yen.

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