Auto supplier Asahi Glass net income fell 53.8% year on year to JPY17.75bn (US$221.8m) for the first quarter ended 31 March 2012.

Operating income fell 55.3% to JPY24.18bn on net sales down 7.5% to JPY285.38bn.

For the full year ending 31 December 2012, the company expects net income of JPY80bn, operating income of JPY140bn and net sales of JPY1.25 trillion.