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    5201   JP3112000009

AGC INC.

(5201)
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AGC : Announces Transfer of infoverreTM Glass Signage Business

04/14/2021 | 02:05am EDT

AGC (AGC Inc., Headquarters: Tokyo; President: Yoshinori Hirai) hereby announces that it has agreed to transfer its infoverreTM glass signage business to DISIGN, Incorporated (Headquarters: Yokohama, Kanagawa; President: Yan Takatani) on December 31, 2021.

The AGC Group launched infoverreTM in 2015, initially introducing it at buildings and retail outlets to feature its visibility and design. In recent years, the technology has also been adopted for use in railroad cars and station buildings, taking advantage of its thinness and lightness.

Following a series of discussions regarding future business development, the AGC Group concluded that transferring the business to DISIGN, which has a long track record in the industrial display business such as railway and public transportation, and operating the business under DISIGN would contribute to the future growth of the business and led to the conclusion of this agreement.

The AGC Group would like to express its gratitude to all customers and stakeholders for their patronage and support of infoverreTM until now.

■Outline of the transferee company Company name: DISIGN Incorporated Representative Director: Yan Takatani Location: 6-2-15 Kirigaoka, Midori-ku, Yokohama, Kanagawa, Japan Business activities: Development, manufacture, and sales of industrial and railway displays

Disclaimer

AGC - Asahi Glass Co. Ltd. published this content on 14 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2021 06:04:01 UTC.


© Publicnow 2021
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Financials
Sales 2021 1 642 B 14 972 M 14 972 M
Net income 2021 94 936 M 866 M 866 M
Net Debt 2021 554 B 5 052 M 5 052 M
P/E ratio 2021 10,9x
Yield 2021 2,94%
Capitalization 1 033 B 9 408 M 9 414 M
EV / Sales 2021 0,97x
EV / Sales 2022 0,93x
Nbr of Employees 56 179
Free-Float 87,7%
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Number of Analysts 10
Last Close Price 4 665,00 JPY
Average target price 5 755,00 JPY
Spread / Average Target 23,4%
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Managers and Directors
Takuya Shimamura President, CEO & Representative Director
Shinji Miyaji CFO, Representative Director & Executive VP
Yoshinori Hirai Director, CTO & Senior Managing Executive Officer
Yasuchika Hasegawa Independent Outside Director
Hiroyuki Yanagi Independent Outside Director
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