Nippon Sheet Glass (NSG) has released improved forecasts for the next six months on the back of stabilisation and some small improvements within its divisions. NSG lost £47M in the 3m to September 20/09, on sales of just under £1BN. The Japanese glassmaker was badly affected by the global recession as the building and automotive markets saw a huge slump. In a statement to the Tokyo stock exchange, it said: "The result for the first two quarters is, as expected, significantly down onto he same period in the previous year when market conditions were considerably more favourable. The current quarter has now seen operating losses stabilise and in some areas improve, with some group businesses making a return to positive operating profits." Consequently, NSG has increased it sales forecast by 1.7% to £3.94BN, although that will still show a year-on fall of 20%.
