Asahi Glass says net sales for the first quarter ended 31 March, were down 1.1% to JPY325.6bn (US$2.72bn) compared with JPY329.17bn during the same period a year ago.

The company’s operating profit for the period increased 24.3% to JPY15.94bn compared with JPY12.82bn in the year ago period.

Profit before tax declined 21.9% to JPY10.54bn compared with JPY13.49bn.

The company’s profit for the period attributable to owners of the parent declined 35.8% to JPY4.62bn from JPY7.2bn.

Forecast for the year 1 January through 31 December, 2015

Net sales: JPY1.42tn.

Operating income: JPY62bn.

Profit before tax: JPY65bn.

Profit for the year attributable to owners of the parent: JPY35bn.