Nippon Sheet Glass Co., Ltd., the ultimate holding company of NSG Group, has announced its plan to post extraordinary loss for the half-year ending 30 September 2007.
The company reviewed the securit…
Nippon Sheet Glass Co., Ltd., the ultimate holding company of NSG Group, has announced its plan to post extraordinary loss for the half-year ending 30 September 2007. The company reviewed the security value on its equity in some of its affiliate companies and now decided to write down one of them by approximately JPY 500 million of the gap between its book value and fair value due to its impairment. This means that the corresponding amount of extraordinary loss will be posted for the half year to 30 September 2007. No changes are being made to the forecast of the company“s operating result.