AGC : (Corrections / Corrections of Numerical Data)Partial Corrections to Consolidated Financial Results for the Fiscal Year ended December 31, 2021(PDF 218KB)

March 9, 2022

Corporate Name: AGC Inc. President & CEO: Yoshinori Hirai (Code Number: 5201; TSE 1st section)

Contact: Chikako Ogawa, General Manager, Corporate Communications & Investor Relations (Tel: [phone])

(Corrections / Corrections of Numerical Data)

Partial Corrections to Consolidated Financial Results for the Fiscal Year ended December 31, 2021

(IFRS basis)

AGC Inc. (the "Company") hereby announces that there have been corrections made to the Consolidated Financial Results for the Fiscal Year ended December 31, 2021 (IFRS basis) disclosed on February 8, 2022. Some numerical data (XBRL data) have also been corrected and submitted.

1. Reason for the corrections

After the announcement on February 8, 2022, the Company found out that some corrections needed to be made to the Consolidated Financial Results for the Fiscal Year ended December 31, 2021 (IFRS basis).

1. Corrected parts Corrections are underlined.
2. Details of corrections

Consolidated Financial Results for the Fiscal Year ended December 31, 2021 (IFRS basis)

1. Financial Results for FY2021 (January 1 through December 31, 2021)

(1) Consolidated Operating Results

【Before corrections】

	FY2021		FY2020
	(Jan. through Dec. 2021)		(Jan. through Dec. 2020)
	millions of yen	%	millions of yen	%
Ratio of profit for the year to total assets (%)	7.9		2.3

【After corrections】

	FY2021		FY2020
	(Jan. through Dec. 2021)		(Jan. through Dec. 2020)
	millions of yen	%	millions of yen	%
Ratio of profit before tax to total assets (%)	8.1		2.3

3. Consolidated Financial Statements (IFRS)
(5) Notes to the Consolidated Financial Statements	5) Segment Information
FY2020 (Jan.1 through Dec.31, 2020)
【Before corrections】
	Reportable segments					Amount
	Ceramics/				reported	on
						Total	Adjustments	consolidated
					Other
	Glass	Electronics		Chemicals				financial
									statements
Sales to external customers	648,394	283,025		449,739	31,145		1,412,306	-	1,412,306
Inter-segment sales or	2,570	6,327		1,416	49,976		60,291	(60,291)		-
transfers
Total sales	650,965	289,353		451,156	81,122		1,472,597	(60,291)	1,412,306
Segment profit (loss)	(16,579)	37,797		50,477	4,226		75,922	(142)	75,780
(Operating profit)
Profit for the year	-	-		-	-		-	-	41,164
Other items
Depreciation and	50,968	47,896		43,004	1,927		143,796	(79)	143,716
amortization
Impairment losses	883	262		66	-		1,213	-	1,213
(Non-financial assets)
Capital expenditure	64,141	80,686		95,216	1,536		241,581	(232)	241,348
Investments accounted for	25,032	1,338		2,428	3,215		32,014	-	32,014
using equity method
The amounts of inter-segment sales or transfers are primarily based on market prices and manufacturing cost.
"Ceramics/Other" mainly handles ceramics products, logistics and financial services.
【After corrections】
	Reportable segments					Amount
	Ceramics/				reported	on
						Total	Adjustments	consolidated
					Other
	Glass	Electronics		Chemicals				financial
									statements
Sales to external customers	648,394	283,025		449,739	31,145		1,412,306	-	1,412,306
Inter-segment sales or	2,570	6,327		1,416	49,976		60,291	(60,291)		-
transfers
Total sales	650,965	289,353		451,156	81,122		1,472,597	(60,291)	1,412,306
Segment profit (loss)	(16,579)	37,797		50,477	4,226		75,922	(142)	75,780
(Operating profit)
Profit for the year	-	-		-	-		-	-	41,164
Other items
Depreciation and	50,968	47,896		43,004	1,927		143,796	(79)	143,716
amortization
Impairment losses	883	262		197	-		1,343	-	1,343
(Non-financial assets)
Capital expenditure	64,141	80,686		95,216	1,536		241,581	(232)	241,348
Investments accounted for	25,032	1,338		2,428	3,215		32,014	-	32,014
using equity method

The amounts of inter-segment sales or transfers are primarily based on market prices and manufacturing cost. "Ceramics/Other" mainly handles ceramics products, logistics and financial services.

Moreover, the above amounts of impairment losses (non-financial assets) include the amounts of impairment losses recorded as expenses for restructuring programs.