(from 1 April 2015 to 30 June 2015)
31 July 2015
Trading profit remains at same level as previous year, cost base continues to improve, year-on-year reduction of exceptional costs
Performance in North America and South East Asia remains strong
Difficult market conditions in South America and challenging competitive environment in Display business
Improved performance in Japan
Gradually improving outlook for Europe
Full-year forecast for FY16 unchanged
Trading profit remains at same level as previous year, cost base continues to improve, year-on-year reduction of exceptional costso Cumulative Group revenues of ¥ 162.1bn were 4% above the previous year (Q1 FY15: ¥ 155.7bn)
o Trading profit, before amortization and exceptional items, of ¥ 5.2bn (Q1 FY15: ¥ 5.1bn)
o Q1 FY16 Architectural revenue ¥ 64.7bn (Q1 FY15: ¥ 60.1bn) and profits of ¥ 3.3bn (Q1 FY15:
¥ 1.9bn)
o Q1 FY16 Automotive revenue ¥ 83.1bn (Q1 FY15: ¥ 80.6bn) and profits of ¥ 2.6bn (Q1 FY15:
¥ 3.0bn)
o Q1 FY16 Technical Glass revenue ¥ 14.2bn (Q1 FY15: ¥ 14.7bn) and profits of ¥ 0.2bn (Q1 FY15:
¥ 1.6bn)
o Q1 FY16 exceptional costs ¥ 0.6bn (Q1 FY15: ¥ 1.6bn)
Performance in North America and South East Asia remains strongo Revenues and profits improved as North American architectural markets continue to show growth
o South East Asia benefitting from robust Solar Energy glass dispatches
Difficult market conditions in South America and challenging competitive environment in Display businesso In South America, Automotive businesses continue to be impacted by weak market conditions, lower Architectural profits due to float repair in Argentina
o Strong competition in the market of thin glass for displays
Improved performance in Japano Architectural markets benefitting from eco-point program incentives
o Reduced light-vehicle sales but NSG Automotive volumes maintained
Gradually improving outlook for Europeo Signs of improving market outlook can be seen in Architectural
o Light-vehicle sales indicate automotive market recovery in Western Europe
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 FY2016 Quarter 1 financial results presentation, 31 July 2015
Share of JVs and associates Loss before taxation Loss for the period
Loss attributable to owners of the parentEBITDA
* Amortization arising from the acquisition of Pilkington plc only
** 1% based on constant exchange rates
Profit reflects mixed market conditions
31 July 2015 FY2016 Quarter 1 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
Change from Cum Q1 FY2015
4%**
2%
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