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Iwaki Glass: parent forecasts and results

12 March 1998: Japan“s Iwaki Glass parent company recently announced its year to 31 December 1998 forecast. The parent company is expecting to produce sales of 26.50 billion yen, compared with 26.34 …

12 March 1998: Japan“s Iwaki Glass parent company recently announced its year to 31 December 1998 forecast. The parent company is expecting to produce sales of 26.50 billion yen, compared with 26.34 biliion a year earlier. Its current forecast for 1998 is at 725 million yen, compared with 722 million a year earlier, and a net of 250 million versus 240 million a year earlier. Earnings per share are estimated at 4.88 yen compared with 4.69 a year earlier. Iwaki Glass“ parent results for the year to 31 December 1997 are as follows: sales were at 26.34 billion yen versus 25.84 billion a year earlier. Current results stand at 722 million yen compared with 684 million a year earlier. Net profits are at 240 million yen compared with 229 million, and earnings per share were 4.69 yen versus 4.48 yen a year earlier. Iwaki Glass Co. Ltd. is a manufacturer of special glass.

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