(from 1 April 2014 to 31 December 2014)
30 January 2015
Results continue to show improvement over previous year
Market conditions remain mixed, with improvements in some regions and reductions in others
Further improvement in trading profitability expected during the remainder of FY2015
FY2015 full-year forecast maintained
Q3 results show improvement over previous yearo Cumulative Group revenues of ¥ 466.6bn were 3% above the previous year (Q3 FY14: ¥ 451.2bn)
o Trading profit, before amortization and exceptional items, of ¥ 16.7bn (Q3 FY14: ¥ 14.2bn) reflects
lower fixed costs
o Q3 FY15 Architectural revenue ¥ 189.8bn (Q3 FY14: ¥ 181.4bn) and profits of ¥ 10.1bn (Q3 FY14:
¥ 7.3bn)
o Q3 FY15 Automotive revenue ¥ 232.0bn (Q3 FY14: ¥ 224.7bn) and profits of ¥5.0bn (Q3 FY14:
¥ 6.7bn)
o Q3 FY15 Technical Glass revenue ¥ 43.9bn (Q3 FY14: ¥ 44.4bn) and profits of ¥ 4.1bn (Q3 FY14:
¥ 3.9bn)
o Cost savings continue to be delivered as expected
Market conditions mixed, with improvements in some regions and reductions in otherso Stable architectural market conditions in Europe, but still at a low level
o European cumulative light-vehicle sales were slightly ahead of previous year
o In Japan, lower architectural volumes following consumption tax increase, but long-term prospects
continue to be positive
o OE volumes in Japan robust despite consumption tax increase
o In North America, architectural markets maintaining strength. Continuing improvements in
automotive markets
o In the Rest of the World, architectural markets experienced increased demand levels in South East
Asia. Automotive markets in South America were weak
o Technical glass markets were mixed, increased competition in thin glass for displays, while components used in multi-function printers enjoyed solid demand
Nippon Sheet Glass Co., Ltd. Corporate Communications Department
5-27, 3-chome, Mita Minato-ku, Tokyo, 108-6321 Japan
TEL: +81-3-5443-9477 FAX: +81-3-5443-9543
Extract from NSG Group FY2015 Quarter 3 financial results presentation, 30 January 2015
(JPY bn)
Change from Cum Q3 FY2014
Revenue 3%** Trading profitAmortization*
Operating profit before exceptional items Exceptional items Operating profit/(loss) Finance expenses (net) Share of JVs and associates Profit/(Loss) before taxation Profit/(Loss) for the period Profit/(Loss) attributable to owners of the parentEBITDA 8%
* Amortization arising from the acquisition of Pilkington plc only
** 0% based on constant exchange rates
Further improvement in profitability
30 January 2015 FY2015 Quarter 3 Results
Nippon Sheet Glass Co., Ltd. Corporate Communications Department
5-27, 3-chome, Mita Minato-ku, Tokyo, 108-6321 Japan
TEL: +81-3-5443-9477 FAX: +81-3-5443-9543
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