Nippon Sheet Glass Company, Limited Revises Consolidated Earnings Guidance for the Six Months Ending September 30, 2023 and the Full Year Ending March 31, 2024
August 09, 2023 at 02:00 am EDT
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Nippon Sheet Glass Company, Limited revised consolidated earnings guidance for the six months ending September 30, 2023 and the full year ending March 31, 2024. For the first Half Year, the company expected revenue of JPY 420,000 million against the previous forecast of JPY 370,000 million. Operating revenue is expected to be JPY 19,000 million against the previous forecast of JPY 14,000 million. Profit for the period is expected to be JPY 9,000 million against the previous forecast of JPY 4,000 million. Profit attributable to owners of parent is expected to be JPY 8,000 million against the previous forecast of JPY 3,000 million. Basic earnings per share is expected to be JPY 77.24 against the previous forecast of JPY 22.24.
Full year ending March 31, 2024, the company expected revenue of JPY 840,000 million against the previous forecast of JPY 760,000 million. Operating revenue is expected to be JPY 35,000 million against the previous forecast of JPY 30,000 million. Profit for the period is expected to be JPY 13,000 million against the previous forecast of JPY 9,000 million. Profit attributable to owners of parent is expected to be JPY 11,000 million against the previous forecast of JPY 7,000 million. Basic earnings per share is expected to be JPY 99.51 against the previous forecast of JPY 55.55.
Nippon Sheet Glass Company, Limited is mainly engaged in the manufacture and sale of glass products. The Company operates in four business segments. The Construction Glass segment provides sheet glass for construction material market and processed glass for interior and exterior uses. The Automobile Glass segment offers glass products for new automobile assembly and repair uses. The Functional Glass segment offers thin sheet glass for small displays, printer lens and optical components, as well as glass fiber products, such as battery separators and engine timing belt materials. The Other segment is involved in corporate management and other small businesses.
Nippon Sheet Glass Company, Limited Revises Consolidated Earnings Guidance for the Six Months Ending September 30, 2023 and the Full Year Ending March 31, 2024
NIPPON SHEET GLASS COMPANY, LIMITED 
