Cash flow AGC Inc.

Equities

5201

JP3112000009

Construction Supplies & Fixtures

Market Closed - Japan Exchange Other stock markets 01:30:00 2026-02-13 am EST			5-day change	1st Jan Change
6,310.00 ^JPY	-0.86%		+3.32%	+21.51%

Feb. 06	AGC Returns to Profitability in Nine-Months Ended Dec. 31,2025	MT
Feb. 06	AGC Inc., 2025 Earnings Call, Feb 06, 2026

39e1f1b6492088fe19faeab25cbb4779.n42nU_all0asvivZexi4qIdahlJFUvxrtwt2_Pt_q2E.08jvZZCc3AXf_GjpLm_OyvQr9hQIAZYA0mkQus8WnzH6-eExoOzACNvNTA

Published financial data: AGC INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1,412B	1,697B	2,036B	2,019B	2,068B
Total Revenues	1,412B	1,697B	2,036B	2,019B	2,068B
Cost of Goods Sold, Total	1,053B	1,184B	1,506B	1,538B	1,569B
Gross Profit	359B	513B	529B	481B	499B
Selling General & Admin Expenses, Total	284B	309B	347B	355B	376B
Other Operating Expenses	1.14B	-113M	-670M	-3.83B	4.76B
Other Operating Expenses, Total	285B	309B	346B	351B	380B
Operating Income	74.06B	204B	183B	131B	119B
Interest Expense, Total	-7.62B	-6.42B	-9.04B	-17.84B	-16.62B
Interest And Investment Income	5.7B	5.83B	8.07B	13.73B	11.47B
Net Interest Expenses	-1.92B	-598M	-973M	-4.11B	-5.15B
Income (Loss) On Equity Invest.	584M	2.29B	1.24B	1.98B	2.46B
Currency Exchange Gains (Loss)	3.61B	10.96B	-4.02B	8.58B	10.39B
Other Non Operating Income (Expenses)	-673M	393M	2.28B	-1.39B	-226M
EBT, Excl. Unusual Items	75.66B	217B	182B	136B	126B
Restructuring Charges	-7.95B	-5.16B	-9.64B	-11.49B	-10.62B
Gain (Loss) On Sale Of Investments	-	8.94B	8.56B	3.33B	-36.48B
Gain (Loss) On Sale Of Assets	-9.38B	23.69B	6.15B	-4.15B	-4.27B
Asset Writedown	-1.21B	-34.45B	-128B	-605M	-125B
EBT, Incl. Unusual Items	57.12B	210B	58.51B	123B	-50.05B
Income Tax Expense	15.96B	50.98B	36.01B	40.29B	27.87B
Earnings From Continuing Operations	41.16B	159B	22.5B	82.48B	-77.92B
Net Income to Company	41.16B	159B	22.5B	82.48B	-77.92B
Minority Interest	-8.45B	-35.22B	-25.66B	-16.68B	-16.12B
Net Income - (IS)	32.72B	124B	-3.15B	65.8B	-94.04B
Net Income to Common Incl Extra Items	32.72B	124B	-3.15B	65.8B	-94.04B
Net Income to Common Excl. Extra Items	32.72B	124B	-3.15B	65.8B	-94.04B
Per Share Items
Net EPS - Basic	147.83	559.11	-14.22	304.73	-443.71
Basic EPS - Continuing Operations	147.83	559.11	-14.22	304.73	-443.71
Basic Weighted Average Shares Outstanding	221M	221M	222M	216M	212M
Net EPS - Diluted	147.24	557.1	-14.22	304.01	-443.71
Diluted EPS - Continuing Operations	147.24	557.1	-14.22	304.01	-443.71
Diluted Weighted Average Shares Outstanding	222M	222M	222M	216M	212M
Normalized Basic EPS	175.51	453.39	397.15	315.49	295.8
Normalized Diluted EPS	174.81	451.76	397.15	314.74	295.8
Dividend Per Share	120	160	210	210	210
Payout Ratio	81.28	25.07	-1.65K	69.88	-47.39
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	218B	371B	369B	306B	300B
EBITA	74.06B	204B	183B	131B	119B
EBIT	74.06B	204B	183B	131B	119B
Effective Tax Rate - (Ratio)	27.94	24.27	61.54	32.82	-55.69
Normalized Net Income	38.84B	100B	88.03B	68.12B	62.69B
Non-Cash Pension Expense	1.14B	863M	2.18B	2.72B	-86M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	46.44B	49.44B	52.25B	57.34B	61.82B

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	236B	196B	210B	146B	108B
Total Cash And Short Term Investments	236B	196B	210B	146B	108B
Accounts Receivable, Total	266B	295B	316B	339B	332B
Other Receivables	20.25B	18.71B	21.36B	39.14B	33.34B
Total Receivables	286B	314B	337B	378B	366B
Inventory	275B	330B	437B	454B	454B
Other Current Assets, Total	63.58B	75.47B	79.61B	63.77B	73.36B
Total Current Assets	861B	915B	1,063B	1,042B	1,001B
Net Property Plant And Equipment	1,247B	1,324B	1,351B	1,458B	1,551B
Long-term Investments	210B	216B	195B	220B	196B
Goodwill	118B	113B	92.77B	101B	49.77B
Other Intangibles, Total	72.66B	69.91B	71.29B	72.09B	52.29B
Deferred Tax Assets Long-Term	25.94B	27.61B	40.78B	39.68B	39.02B
Other Long-Term Assets, Total	3M	3M	3M	4M	3M
Total Assets	2,534B	2,666B	2,814B	2,933B	2,890B
Liabilities
Accounts Payable, Total	152B	196B	214B	207B	202B
Accrued Expenses, Total	40.61B	47.51B	52.68B	57.86B	62.21B
Short-term Borrowings	107B	36.82B	69.75B	122B	130B
Current Portion of Long-Term Debt	75.82B	76.67B	109B	115B	96.1B
Current Portion of Leases	11.35B	11.93B	13.06B	13.18B	13.82B
Current Income Taxes Payable	86.26B	119B	110B	101B	105B
Other Current Liabilities	91.1B	111B	101B	103B	91.32B
Total Current Liabilities	564B	599B	670B	717B	700B
Long-Term Debt	533B	417B	391B	382B	355B
Long-Term Leases	60.86B	60.69B	67.2B	63.41B	54.76B
Pension & Other Post Retirement Benefits	64.74B	53.8B	45.58B	50.03B	51.37B
Deferred Tax Liability Non Current	35.15B	35.81B	28.85B	37.87B	22.86B
Other Non Current Liabilities	33.72B	17.85B	25.78B	27.9B	33.75B
Total Liabilities	1,291B	1,185B	1,228B	1,279B	1,218B
Common Stock, Total	90.87B	90.87B	90.87B	90.87B	90.87B
Additional Paid In Capital	83.5B	81.62B	97.09B	97.06B	95.78B
Retained Earnings	819B	928B	890B	873B	745B
Treasury Stock	-28.17B	-26.93B	-26.59B	-27.34B	-26.77B
Comprehensive Income and Other	150B	241B	339B	414B	531B
Total Common Equity	1,115B	1,314B	1,390B	1,447B	1,436B
Minority Interest	128B	167B	195B	207B	236B
Total Equity	1,243B	1,481B	1,586B	1,654B	1,672B
Total Liabilities And Equity	2,534B	2,666B	2,814B	2,933B	2,890B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	221M	222M	222M	212M	212M
ECS Total Common Shares Outstanding	221M	222M	222M	212M	212M
Book Value / Share	5.04K	5.93K	6.27K	6.83K	6.77K
Tangible Book Value	924B	1,131B	1,226B	1,274B	1,334B
Tangible Book Value Per Share	4.18K	5.11K	5.53K	6.01K	6.29K
Total Debt	788B	603B	650B	695B	650B
Net Debt	552B	407B	441B	549B	542B
Debt Equivalent of Unfunded Proj. Benefit Obligation	28.69B	-6.39B	-22.6B	-44.31B	-77.04B
Minority Interest, Total (Incl. Fin. Div)	128B	167B	195B	207B	236B
Equity Method Investments, Total	32.01B	31.2B	24.61B	27.63B	30.52B
Inventories - Raw Materials, Total	109B	137B	185B	200B	190B
Inventories - Work In Process, Total	58.8B	62.66B	85.85B	94.67B	103B
Inventories - Finished Goods, Total	107B	130B	166B	160B	162B
Inventories - Others	1M	1M	-	1M	1M
Full Time Employees	56.18K	56K	57.61K	56.72K	53.69K
Accumulated Allowance for Doubtful Accounts (Supple)	2.38B	2.55B	2.46B	2.94B	4.37B

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	57.12B	210B	58.51B	123B	-50.05B
Depreciation & Amortization - CF	144B	167B	186B	175B	181B
Depreciation & Amortization, Total	144B	167B	186B	175B	181B
(Gain) Loss From Sale Of Asset	10.59B	38.77B	122B	4.76B	129B
(Income) Loss On Equity Investments - (CF)	-584M	-2.29B	-1.24B	-1.98B	-2.46B
Other Operating Activities, Total	-17.78B	-34.22B	-78.68B	-70B	-32.19B
Change In Accounts Receivable	-3.33B	-18.28B	-4.18B	-8.71B	13.85B
Change In Inventories	11.69B	-48.65B	-84.11B	-88M	7.94B
Change In Accounts Payable	-605M	36.23B	2.86B	-19.15B	-12.37B
Change in Other Net Operating Assets	24.57B	-21.65B	16.03B	9.59B	49.78B
Cash from Operations	225B	327B	217B	213B	285B
Capital Expenditure	-191B	-211B	-224B	-214B	-242B
Sale of Property, Plant, and Equipment	4.4B	4.78B	17.72B	3.26B	4.14B
Cash Acquisitions	-27.02B	-	-	-	-887M
Divestitures	-	49.6B	15.55B	1.79B	22.12B
Other Investing Activities, Total	-16.16B	32.41B	45.34B	28.69B	21.4B
Cash from Investing	-230B	-124B	-145B	-180B	-196B
Short Term Debt Issued, Total	28.9B	-	29B	47.31B	3.5B
Long-Term Debt Issued, Total	228B	63.67B	95.58B	99.64B	95.64B
Total Debt Issued	257B	63.67B	125B	147B	99.14B
Short Term Debt Repaid, Total	-	-73.87B	-	-	-
Long-Term Debt Repaid, Total	-99.17B	-206B	-123B	-138B	-178B
Total Debt Repaid	-99.17B	-279B	-123B	-138B	-178B
Repurchase of Common Stock	-13M	-586M	-342M	-50.02B	-1.26B
Common Dividends Paid	-26.59B	-31.04B	-52.16B	-45.98B	-44.57B
Common & Preferred Stock Dividends Paid	-26.59B	-31.04B	-52.16B	-45.98B	-44.57B
Other Financing Activities, Total	-2.75B	-4.81B	-27.37B	-21.32B	-7.11B
Cash from Financing	128B	-252B	-78.21B	-108B	-132B
Foreign Exchange Rate Adjustments	-1.25B	9.04B	20.26B	11.61B	4.64B
Miscellaneous Cash Flow Adjustments	-1M	-	-	1M	1M
Net Change in Cash	122B	-40.29B	13.88B	-63.65B	-38.07B
Supplemental Items
Cash Interest Paid	7.79B	6.57B	8.54B	17.73B	16.89B
Cash Income Tax Paid (Refund)	18.16B	34.91B	82.51B	70.58B	34.18B
Levered Free Cash Flow	43.67B	89.2B	-59.15B	-20.36B	-2.4B
Unlevered Free Cash Flow	48.43B	93.21B	-53.5B	-9.21B	7.98B
Change In Net Working Capital	-49.89B	-9.53B	130B	52.67B	5.07B
Net Debt Issued / Repaid	158B	-216B	1.67B	9.3B	-79.01B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.9	4.9	4.18	2.84	2.55
Return on Total Capital	2.36	6.2	5.31	3.56	3.17
Return On Equity %	3.26	11.68	1.47	5.09	-4.69
Return on Common Equity	2.88	10.2	-0.23	4.64	-6.52
Margin Analysis
Gross Profit Margin %	25.42	30.22	26	23.84	24.14
SG&A Margin	20.1	18.21	17.03	17.56	18.17
EBITDA Margin %	15.42	21.84	18.13	15.15	14.5
EBITA Margin %	5.24	12.02	9.01	6.47	5.74
EBIT Margin %	5.24	12.02	9.01	6.47	5.74
Income From Continuing Operations Margin %	2.91	9.37	1.11	4.08	-3.77
Net Income Margin %	2.32	7.3	-0.15	3.26	-4.55
Net Avail. For Common Margin %	2.32	7.3	-0.15	3.26	-4.55
Normalized Net Income Margin	2.75	5.92	4.32	3.37	3.03
Levered Free Cash Flow Margin	3.09	5.25	-2.91	-1.01	-0.12
Unlevered Free Cash Flow Margin	3.43	5.49	-2.63	-0.46	0.39
Asset Turnover
Asset Turnover	0.58	0.65	0.74	0.7	0.71
Fixed Assets Turnover	1.16	1.32	1.52	1.44	1.37
Receivables Turnover (Average Receivables)	5.33	6.05	6.66	6.17	6.16
Inventory Turnover (Average Inventory)	3.72	3.92	3.93	3.45	3.45
Short Term Liquidity
Current Ratio	1.53	1.53	1.59	1.45	1.43
Quick Ratio	0.93	0.85	0.82	0.73	0.68
Operating Cash Flow to Current Liabilities	0.4	0.55	0.32	0.3	0.41
Days Sales Outstanding (Average Receivables)	68.71	60.35	54.77	59.17	59.41
Days Outstanding Inventory (Average Inventory)	98.35	93.21	92.87	105.68	105.96
Average Days Payable Outstanding	53.72	51.28	46.48	49.38	47.64
Cash Conversion Cycle (Average Days)	113.34	102.29	101.16	115.47	117.73
Long Term Solvency
Total Debt/Equity	63.39	40.72	41.01	42.01	38.87
Total Debt / Total Capital	38.8	28.94	29.08	29.58	27.99
LT Debt/Equity	47.78	32.25	28.9	26.93	24.52
Long-Term Debt / Total Capital	29.24	22.92	20.5	18.97	17.66
Total Liabilities / Total Assets	50.95	44.44	43.65	43.6	42.15
EBIT / Interest Expense	9.72	31.75	20.29	7.32	7.14
EBITDA / Interest Expense	28.58	57.71	40.82	17.15	18.05
(EBITDA - Capex) / Interest Expense	3.45	24.93	16.05	5.18	3.46
Total Debt / EBITDA	3.62	1.63	1.76	2.27	2.17
Net Debt / EBITDA	2.53	1.1	1.19	1.79	1.81
Total Debt / (EBITDA - Capex)	29.95	3.77	4.48	7.52	11.29
Net Debt / (EBITDA - Capex)	20.98	2.54	3.04	5.94	9.42
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-6.97	20.19	19.94	-0.82	2.39
Gross Profit, 1 Yr. Growth %	-10.84	42.87	3.19	-9.07	3.68
EBITDA, 1 Yr. Growth %	-11.37	70.24	-0.46	-17.09	-1.99
EBITA, 1 Yr. Growth %	-27.63	175.44	-10.1	-28.76	-9.2
EBIT, 1 Yr. Growth %	-27.63	175.44	-10.1	-28.76	-9.2
Earnings From Cont. Operations, 1 Yr. Growth %	-25.85	286.42	-85.85	266.51	-194.47
Net Income, 1 Yr. Growth %	-26.37	278.54	-102.55	-2.19K	-242.93
Normalized Net Income, 1 Yr. Growth %	-32.37	158.55	-12.34	-22.61	-7.97
Diluted EPS Before Extra, 1 Yr. Growth %	-26.36	278.36	-102.55	-2.24K	-245.95
Accounts Receivable, 1 Yr. Growth %	0.79	10.89	7	7.3	-1.89
Inventory, 1 Yr. Growth %	-5.63	20.11	32.24	4.02	0.02
Net Property, Plant and Equip., 1 Yr. Growth %	5.88	6.17	2.03	7.93	6.37
Total Assets, 1 Yr. Growth %	8.52	5.19	5.55	4.23	-1.48
Tangible Book Value, 1 Yr. Growth %	-5.98	22.38	8.39	3.89	4.7
Common Equity, 1 Yr. Growth %	-3.63	17.85	5.79	4.09	-0.78
Cash From Operations, 1 Yr. Growth %	17.45	44.95	-33.54	-2.12	34
Capital Expenditures, 1 Yr. Growth %	-3.26	9.98	6.34	-4.64	13.5
Levered Free Cash Flow, 1 Yr. Growth %	-351.16	104.27	-166.31	-65.58	-88.19
Unlevered Free Cash Flow, 1 Yr. Growth %	-598.73	92.47	-157.4	-82.79	-186.68
Dividend Per Share, 1 Yr. Growth %	0	33.33	31.25	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.7	5.74	20.06	9.07	0.78
Gross Profit, 2 Yr. CAGR %	-7.52	12.86	21.42	-3.13	-2.91
EBITDA, 2 Yr. CAGR %	-5.08	22.84	30.17	-9.15	-9.85
EBITA, 2 Yr. CAGR %	-21.45	41.18	57.35	-19.98	-19.57
EBIT, 2 Yr. CAGR %	-21.45	41.18	57.35	-19.98	-19.57
Earnings From Cont. Operations, 2 Yr. CAGR %	-36.47	69.27	-26.06	-27.99	86.08
Net Income, 2 Yr. CAGR %	-39.57	66.94	-68.96	-27.11	446.22
Normalized Net Income, 2 Yr. CAGR %	-25.67	32.23	50.54	-17.64	-15.61
Diluted EPS Before Extra, 2 Yr. CAGR %	-39.14	66.92	-68.92	-26.13	458.58
Accounts Receivable, 2 Yr. CAGR %	1.16	5.72	8.92	7.15	2.6
Inventory, 2 Yr. CAGR %	-0.39	6.47	26.03	17.28	2
Net Property, Plant and Equip., 2 Yr. CAGR %	6.04	6.02	4.08	4.94	7.15
Total Assets, 2 Yr. CAGR %	6.47	6.84	5.37	4.89	1.34
Tangible Book Value, 2 Yr. CAGR %	-3.44	7.27	15.17	6.11	4.29
Common Equity, 2 Yr. CAGR %	-0.97	6.57	11.66	4.94	1.62
Cash From Operations, 2 Yr. CAGR %	9.12	30.48	-1.85	-19.34	14.53
Capital Expenditures, 2 Yr. CAGR %	-4.82	3.14	8.14	0.7	4.04
Levered Free Cash Flow, 2 Yr. CAGR %	24.47	126.5	16.39	-52.22	-79.84
Unlevered Free Cash Flow, 2 Yr. CAGR %	47.23	209.83	5.11	-68.57	-61.37
Dividend Per Share, 2 Yr. CAGR %	2.15	15.47	32.29	14.56	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.18	3.68	10.28	12.66	6.8
Gross Profit, 3 Yr. CAGR %	-3.77	6.91	9.54	10.26	-0.91
EBITDA, 3 Yr. CAGR %	-4.39	15.33	14.52	12	-6.83
EBITA, 3 Yr. CAGR %	-15.08	19.33	21.46	20.82	-16.53
EBIT, 3 Yr. CAGR %	-15.08	19.33	21.46	20.82	-16.53
Earnings From Cont. Operations, 3 Yr. CAGR %	-19.63	15.97	-25.99	26.07	-21.17
Net Income, 3 Yr. CAGR %	-22.11	11.39	-58.6	26.23	-8.77
Normalized Net Income, 3 Yr. CAGR %	-16.33	12.62	15.3	20.6	-14.53
Diluted EPS Before Extra, 3 Yr. CAGR %	-21.18	11.9	-58.57	27.34	-7.31
Accounts Receivable, 3 Yr. CAGR %	0.72	4.3	6.14	8.38	4.04
Inventory, 3 Yr. CAGR %	1.64	6.02	14.44	18.22	11.22
Net Property, Plant and Equip., 3 Yr. CAGR %	5.54	6.08	4.68	5.35	5.42
Total Assets, 3 Yr. CAGR %	4.38	6.04	6.41	4.99	2.72
Tangible Book Value, 3 Yr. CAGR %	-4.07	4.5	7.64	11.28	5.64
Common Equity, 3 Yr. CAGR %	-1.98	4.94	6.31	9.07	2.99
Cash From Operations, 3 Yr. CAGR %	3.46	19.95	4.2	-1.94	-4.47
Capital Expenditures, 3 Yr. CAGR %	6.79	-0.13	4.2	3.7	4.8
Levered Free Cash Flow, 3 Yr. CAGR %	39.98	46.82	50.4	-22.46	-70.02
Unlevered Free Cash Flow, 3 Yr. CAGR %	33.32	60.99	76.62	-42.49	-55.92
Dividend Per Share, 3 Yr. CAGR %	4.55	11.64	20.51	20.51	9.49
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.26	5.76	6.82	5.8	6.37
Gross Profit, 5 Yr. CAGR %	1.48	8.01	5.61	2.77	4.38
EBITDA, 5 Yr. CAGR %	-2.06	11.59	8.17	4.83	4.07
EBITA, 5 Yr. CAGR %	-6.62	17.14	8.69	1.71	3
EBIT, 5 Yr. CAGR %	-6.62	17.14	8.69	1.71	3
Earnings From Cont. Operations, 5 Yr. CAGR %	-2.32	24.41	-22.27	-4.16	7.02
Net Income, 5 Yr. CAGR %	-5.28	21.16	-46.09	-5.99	16.18
Normalized Net Income, 5 Yr. CAGR %	-8.4	14.03	5.83	-0.63	1.77
Diluted EPS Before Extra, 5 Yr. CAGR %	-4.45	22.22	-45.68	-5.23	17.28
Accounts Receivable, 5 Yr. CAGR %	1.98	4.1	3.93	5.43	4.71
Inventory, 5 Yr. CAGR %	3.15	7.75	10.77	10.39	9.29
Net Property, Plant and Equip., 5 Yr. CAGR %	4.89	7.14	4.96	5.63	5.66
Total Assets, 5 Yr. CAGR %	4.94	6.11	4.78	5.58	4.35
Tangible Book Value, 5 Yr. CAGR %	-2.19	1.83	3.21	5.14	6.29
Common Equity, 5 Yr. CAGR %	0.38	3.71	3.26	4.94	4.41
Cash From Operations, 5 Yr. CAGR %	3.79	9.92	1.31	2.34	8.22
Capital Expenditures, 5 Yr. CAGR %	8.64	12.21	7.33	0.2	4.13
Levered Free Cash Flow, 5 Yr. CAGR %	-12.98	0.16	30.02	-6.3	-32.68
Unlevered Free Cash Flow, 5 Yr. CAGR %	-11.96	0.15	21.22	-16.24	-3.84
Dividend Per Share, 5 Yr. CAGR %	5.92	12.2	14.87	12.8	11.84