Nippon Sheet Glass Company (JP:5202) has released an update.
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Nippon Sheet Glass Co., Ltd. has downgraded its financial forecast for the first half and full year ending March 31, 2025, due to lower-than-expected Q1 performance, particularly in the European architectural sector. The company attributes the decline to the economic slowdown impacting glass volumes and prices in Europe, and plans to implement cost reductions and a strategic float line closure in Germany to address the issue.
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