Asahi Glass Co., Ltd. revised consolidated earnings guidance for the year ended December 31, 2016. The company expects net sales of ¥1,280,000 million, operating profit of ¥95,000 million, profit before tax of ¥67,000 million, profit attributable to owners of the parent of ¥46,000 million, basic earnings per share of ¥39.78 against previously reported guidance of net sales of ¥1,280,000 million, operating profit of ¥84,000 million, profit before tax of ¥54,000 million, profit attributable to owners of the parent of ¥30,000 million, basic earnings per share of ¥25.95. Operating profit is expected to exceed the previous forecast mainly because of the favorable performance of the group's chemicals business, the strong shipments of LCD glass substrates and the temporary gain (approximately ¥2 billion) from a revision to the pension plan at a US subsidiary. In addition to the increase in operating profit, profit for the period and profit attributable to owners of the parent are expected to exceed the previous forecasts and the results of the previous year, partly owing to an increase in deferred tax assets and a reverse in income taxes adjustment following the recovery in the group's business performance.