85GQ Anz Bank 43

RNS Number:9575T
Nippon Sheet Glass Company Limited
29 March 2007


NSG incurs extra-ordinary loss on asset write-off and disposal


Nippon Sheet Glass Co., Ltd. (the Company) announces that, in the fiscal year
ending 31st March 2007, the Company will incur extra-ordinary loss as below.


1. Outline


With the decision to discontinue the business of Plasma Display Panel (PDP), the
Company will incur extra-ordinary loss of an estimated 760 million yen and 350 
million yen for write-off of fixed assets and disposal of inventories, 
respectively



2. Backdrop


In 2002, the Company developed the glass for PDP substrate, named  Vingt et Un
and has endeavored to obtain the customers acceptance and commence its 
commercial production. However, under the overwhelming negative factors of PDP 
market, including a decline in sales prices, fierce competition with LCD panels, 
the Company decided to discontinue this with the judgment that it is difficult 
to make it profitable.


Regardless this decision, the Company will continue exploring the new products
for the coming generation, making use of the accumulated experience in
production and fine fabrication of new composition glass.



3. Effects on the forecast



The Company financial forecast will not be revised because of this loss.



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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