NSG Group revises earnings forecast for FY 2017/18
Company expects to incur one-time deferred tax charge of approximately JPY10 billion in the third quarter of FY 2018
Nippon Sheet Glass (NSG) will recognize a one-time deferred tax charge of approximately JPY10 billion in the third quarter of fiscal year (FY) 2018, based on the enactment of the new US tax legislation, which includes a reduction of the federal corporate tax rate from 35% to 21%, the Japanese company announced in a press release yesterday (27 December).
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