NSG Group Announces Revision of Forecast

Pilkington's parent company, the NSG Group, has announced the revision of its previous forecast for full-year 2009 (April 2008 through March 2009), as follows. The original forecast was released in August 2008.

2009 Full Year Forecast
(in Japanese Yen)

	Net Sales	Operating Income	Ordinary Income	Net Income	Net Income Per Share
Previous forecast (A)published on 11 August 2008	880,000	31,000	18,000	27,500	Ľ41.15
Revised forecast (B)	810,000	20,000	8,000	9,000	Ľ13.47
Change (B-A)	(70,000)	(11,000)	(10,000)	(18,500)	-
Change (%)	-8.0%	-35.5%	-55.6%	-67.3%	-
Previous year result (FY2008)	865,587	46,462	30,437	50,416	Ľ75.44

The reduction in income arises partly as a result of the stronger yen generating a reduced level of income on consolidation, and partly as a result of the challenging market conditions faced in many of the Group's major markets, according to a statement issued by the company. These challenging market conditions are anticipated to continue during the remainder of the financial year. In addition, the forecast reflects the income statement loss arising from the receipt of the results of the European Union Competition Commission investigation (CLICK HERE for related story).

CLICK HERE to view the company's consolidated results for the second-quarter.

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