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    5201   JP3112000009

AGC INC.

(5201)
  Report
Delayed Japan Exchange  -  01:00 2022-11-29 am EST
4600.00 JPY   -0.43%
11/04Nikkei 225 Down 1.7% on Fed Outlook, Stronger Yen
MT
11/02AGC Lowers FY22 Earnings Outlook as Nine-month Profit Slides 24% on Weak Demand, Inflation
MT
11/02Transcript : AGC Inc., Q3 2022 Earnings Call, Nov 02, 2022
CI
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AGC : Financial Results for the Six Months ended June 30, 2022

08/02/2022 | 02:10am EST

Financial Results for the Six Months ended June 30, 2022

Aug 2, 2022

Contents

Financial Results for the Six Months Ended June 30, 2022

1.Highlights of the Financial Results

2.Business & Geographic Segment

Outlook for FY2022

Toward the Realization of Vision 2030 Appendix

P.3

P.4

P.11

P.18

P.23

P.41

©AGC Inc.

2

Key points for today

  • Financial Results for 2Q FY2022 : (YoY) [unit: 100 million JPY]

Net Sales

9,783

(+1,670 )

Operating profit

1,153

(+201 )

Profit for the period Attributable to owners of the parent

712 (+74 )

  • Both net sales and operating profit reached record highs for the first half of the year.
  • Outlook for FY2022

(vs. Feb 8 Forecast) (YoY) [unit: 100 million JPY]

Net Sales

20,500

(+2,500 )

(+3,526 )

Operating profit

2,300

(+200 )

(+238 )

  • Despite the rising prices of fuels and raw materials, we upwardly revised the financial forecasts for the factors such as the steady growth of strategic businesses, the increases of products' selling prices, and the depreciation of the Japanese yen.
  • Net sales will exceed 2 trillion yen for the first time in AGC's history. Both net sales and operating profit are expected to hit record highs.

©AGC Inc.

3

1. Highlights of the Financial Results

©AGC Inc.

4

Highlights of the Financial Results for 2Q FY2022

(100 million JPY)

FY2021

FY2022

Change

Main factors in the change

1-2Q Total

1-2Q Total

(+) Increasing factors (-)Decreasing factors

(+) Shipments of architectural glass, chlor-alkali products, fluorochemicals-

related products, electronic materials and life science increased.

Net Sales

8,113

9,783

1,670*(+) Sales price of chlor-alkali products and architectural glass

increased.

(+) Weaker yen.

In addition to the above,

(+) Manufacturing costs decreased as the utilization rate of

fluorochemicals-related manufacturing facilities improved.

Operating profit

952

1,153

201

() Increased in natural gas prices in Europe.

() Depreciation expenses increased due to factors such as production

facility enhancement for LCD glass substrate.

() Manufacturing costs of display increased as affected by higher fuel &

raw materials prices and foreign exchange fluctuation.

In addition to the above,

Profit before tax

971

1,176

205

(+) Gain on sale of subsidiaries

() Business structure improvement costs was posted.

Profit for the period Attributable

638

712

74

to owners of the parent

FOREX (Average)

JPY/USD

107.70

122.89

JPY/EUR

129.83

134.25

Crude Oil

USD/BBL

63.47

101.81

(Dubai, Average)

FOREX impact was +66.5 billion JPY, change in the scope of consolidation was ▲17.4 billion JPY

©AGC Inc.

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

AGC - Asahi Glass Co. Ltd. published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 06:09:29 UTC.


ę Publicnow 2022
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Financials
Sales 2022 2 010 B 14 476 M 14 476 M
Net income 2022 113 B 814 M 814 M
Net Debt 2022 499 B 3 594 M 3 594 M
P/E ratio 2022 9,07x
Yield 2022 4,57%
Capitalization 1 024 B 7 374 M 7 374 M
EV / Sales 2022 0,76x
EV / Sales 2023 0,71x
Nbr of Employees 55 999
Free-Float 86,9%
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Technical analysis trends AGC INC.
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Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 4 620,00 JPY
Average target price 5 931,25 JPY
Spread / Average Target 28,4%
EPS Revisions
Managers and Directors
Takuya Shimamura President, CEO & Representative Director
Shinji Miyaji CFO, Representative Director & Executive VP
Yoshinori Hirai Director, CTO & Senior Managing Executive Officer
Michitaka Goto Manager-Planning & Administration
Yasuchika Hasegawa Independent Outside Director
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