Japan“s Central Glass has said it will resume dividends for the first time since 1992 with a Yen 3 payment for the year ended in March. Sales of glass for the Japanese construction market rose sharpl…
Japan“s Central Glass has said it will resume dividends for the first time since 1992 with a Yen 3 payment for the year ended in March. Sales of glass for the Japanese construction market rose sharply with the rush to buy homes before a tax increase took effect in April. The company also reported Yen 5.3 billion in stock valuation losses on its US subsidiary in the previous year, causing a final deficit of Yen 676 million, which improved significantly to a Yen 2.2 billion profit. Sales were up 4% to Yen 151 billion, with construction glass and automobile glass both up 2% as increased volume made up for drops in unit prices.