NSG Releases FY2010 Full Year Results
May 14, 2010
Nippon Sheet Glass (NSG) has released full year financial results
for April 1, 2009 to March 31, 2009. The company, which owns Pilkington
North America, says the buildings product market continues to be
challenging. It reported Building Products revenues of 244 billion
JPY (approximately $2.7 billion) and operating loss of 1.3 billion
YEN (approximately $14 million) before amortization. NSG also reported
consolidated business results for FY 2010, including sales of 588,
394 YEN (approximately $6.5 billion) compared to 739,365 YEN (approximately
$8 billion) in FY2009.
According to the company's report, the North American economy continued
to experience low levels of economic activity, as in the building
products market specifically, housing starts remained below levels
of previous years. Market conditions were also difficult in Europe,
with flat glass volumes being approximately 20 percent below last
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