Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. AGC Inc.
  6. News
  7. Summary
    5201   JP3112000009

AGC INC.

(5201)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news
The feature you requested does not exist. However, we suggest the following feature:

AGC : Consolidated Financial Results for the Three Months ended March 31, 2021 (IFRS basis)

05/07/2021 | 05:13am EDT

May 7, 2021 Corporate Name: AGC Inc.

(Code Number: 5201; TSE 1st section) (URL: https://www.agc.com)

President & CEO: Yoshinori Hirai

Contact: Kazumi Tamaki, General Manager, Corporate Communications & Investor Relations Division (Tel: +81-3-3218-5603)

Consolidated Financial Results for the Three Months ended March 31, 2021 (IFRS basis)

(Fractions less than one million yen are rounded off.)

1. Financial Results for the Three months ended March 31, 2021 (January 1 through March 31, 2021)

(1) Consolidated operating results

For the Three months ended

For the Three months ended

March 31, 2021

March 31, 2020

Millions of yen

%

Millions of yen

%

Net sales

393,565

10.1

357,504

(1.1)

Operating profit

44,223

98.0

22,334

7.0

Profit before tax

44,152

176.9

15,943

(32.1)

Profit for the period

34,891

161.6

13,340

(25.9)

Profit for the period attributable to owners of the parent

28,804

112.8

13,534

(13.4)

Total comprehensive income for the period

98,613

-

(76,746)

-

Basic earnings per share (yen)

130.12

61.17

Diluted earnings per share (yen)

129.61

60.91

(2) Consolidated financial position

FY2021 first quarter

FY2020

(as of March 31, 2021)

(as of December 31, 2020)

Total assets (millions of yen)

2,656,138

2,534,458

Total equity (millions of yen)

1,326,548

1,243,039

Equity attributable to owners of the parent

1,189,674

1,115,142

(millions of yen)

Equity attributable to owners of the parent ratio (%)

44.8

44.0

2. Dividends

(Unit: yen)

FY2020

FY2021

FY2021 (forecast)

End of first quarter

-

-

-

End of second quarter

60.00

――――

70.00

End of third quarter

-

――――

-

End of fiscal year

60.00

――――

70.00

Total

120.00

――――

140.00

Note: Revision of the dividends forecast from the latest official forecast: No

3. Forecast for FY2021 (January 1 through December 31, 2021)

First half

Full year

Millions of yen

%

Millions of yen

%

Net sales

800,000

22.2

1,650,000

16.8

Operating profit

85,000

313.0

160,000

111.1

Profit before tax

-

-

142,000

148.6

Profit for the year

-

-

105,000

155.1

Profit for the year attributable to owners of the parent

-

-

83,000

153.7

Basic earnings per share (yen)

-

375.02

Note: Revision of the forecast for FY2021 consolidated operating results from the latest official forecast: No The forecast for the six months ending June 30, 2021 consists of forecast net sales and operating profit only.

*Notes

  1. Changes in significant subsidiaries during the period: No
  2. Changes in Accounting Policies and Changes in Accounting Estimates
  1. Changes in accounting policies required by IFRS: Yes
  2. Changes in accounting policies other than "i" above: No
  3. Changes in accounting estimates: No

Note: For details, please refer to "1. Condensed Interim Consolidated Financial Statements (IFRS) (5) Notes to the Condensed Interim Consolidated Financial Statements, (Changes in Accounting Policies)" on

page 11.

(3) Number of shares issued (common stock)

  1. Number of shares issued (including treasury stock) at the end of the period

-FY2021 first quarter (as of March 31, 2021):

227,441,381

-FY2020 (as of December 31, 2020):

227,441,381

  1. Number of treasury stock at the end of the period

-FY2021 first quarter (as of March 31, 2021):

5,773,528

-FY2020 (as of December 31, 2020):

5,813,165

  1. Average number of shares issued during the period

-For the three months ended March 31, 2021:

221,365,760

-For the three months ended March 31, 2020:

221,269,659

*This interim consolidated financial statement is outside the scope of quarterly review procedures.

*Appropriate Use of Forecast and Other Information and Other Matters

The above forecast is the assumptions of the Group's management on the basis of currently available information and, as such, contain risks and uncertainties. For this reason, investors are advised not to base investment decisions solely on these prospective results. Please note that actual results may materially differ from the projection due to such various factors as business and market environment the Group is active in, currency exchange rate fluctuations, and others.

*Supplementary Materials for the Quarterly Financial ResultsSupplementary materials are available on our website.

(Attached Documents)

INDEX

1. Condensed Interim Consolidated Financial Statements (IFRS)

2

(1)

Condensed Interim Consolidated Statements of Financial Position

2

(2)

Condensed Interim Consolidated Statements of Profit or Loss and Consolidated Statements of

4

Comprehensive Income

(Condensed Interim Consolidated Statements of Profit or Loss)

4

(Condensed Interim Consolidated Statements of Comprehensive Income)

5

(3)

Condensed Interim Consolidated Statements of Changes in Equity

6

(4)

Condensed Interim Consolidated Statements of Cash Flows

10

(5)

Notes to the Condensed Interim Consolidated Financial Statements

11

(Changes in Accounting Policies)

11

(Changes in Accounting Estimates)

11

(Segment Information)

12

(Notes to Other Income and Other Expenses)

14

(Notes on Significant Subsequent Events)

14

- 1 -

1. Condensed Interim Consolidated Financial Statements (IFRS)

(1) Condensed Interim Consolidated Statements of Financial Position

(Unit: millions of yen)

FY2020

FY2021 first quarter

(as of December 31, 2020)

(as of March 31, 2021)

Assets

Current assets

Cash and cash equivalents

236,124

269,414

Trade receivables

266,177

266,222

Inventories

274,835

286,501

Other receivables

62,468

59,452

Income tax receivables

5,169

5,491

Other current assets

16,186

18,278

Total current assets

860,962

905,360

Non-current assets

Property, plant and equipment

1,246,885

1,297,894

Goodwill

118,063

121,799

Intangible assets

72,660

75,021

Investments accounted for using equity method

32,014

36,469

Other financial assets

130,919

138,596

Deferred tax assets

25,944

26,384

Other non-current assets

47,008

54,612

Total non-current assets

1,673,495

1,750,778

Total assets

2,534,458

2,656,138

- 2 -

(Unit: millions of yen)

FY2020

FY2021 first quarter

(as of December 31, 2020)

(as of March 31, 2021)

Liabilities and equity

Liabilities

Current liabilities

Trade payables

151,874

155,539

Short-terminterest-bearing debt

106,884

115,058

Long-terminterest-bearing debt due within one year

87,163

94,696

Other payables

186,310

196,368

Income tax payables

12,426

14,095

Provisions

1,563

1,490

Other current liabilities

17,676

15,083

Total current liabilities

563,898

592,332

Non-current liabilities

Long-terminterest-bearing debt

593,912

594,945

Deferred tax liabilities

35,153

40,866

Post-employment benefit liabilities

64,736

67,186

Provisions

12,353

11,432

Other non-current liabilities

21,363

22,826

Total non-current liabilities

727,519

737,257

Total liabilities

1,291,418

1,329,590

Equity

Share capital

90,873

90,873

Capital surplus

83,501

83,728

Retained earnings

818,701

836,792

Treasury shares

(28,170)

(27,541)

Other components of equity

150,236

205,821

Total equity attributable to owners of the parent

1,115,142

1,189,674

Non-controlling interests

127,897

136,873

Total equity

1,243,039

1,326,548

Total liabilities and equity

2,534,458

2,656,138

- 3 -

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 07 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2021 09:12:12 UTC.


© Publicnow 2021
All news about AGC INC.
05/07AGC  : Consolidated Financial Results for the Three Months ended March 31, 2021 ..
PU
05/07AGC  : Consolidated Financial Results for the Three Months ended March 31, 2021(..
PU
05/07AGC  : Changes in the assignments of Executive Officers(PDF 88KB)
PU
04/25AGC  : Develops "Smart Inventory System" for Automated Management of Raw Materia..
PU
04/14AGC  : Announces Transfer of infoverreTM Glass Signage Business
PU
04/13Nikkei gains as glass firms, department stores shine on upbeat earnings
RE
04/12Nikkei rises as glass firms, department stores gain on upbeat earnings
RE
04/12AGC  : to Implement Organizational Reform of its Architectural Glass Business
PU
04/12AGC  : Notice regarding Revision to First Half and Full Year Consolidated Financ..
PU
04/01AGC  : Announces Transfer of All Shares of AGC Matex Co., Ltd.
PU
More news
Financials
Sales 2021 1 606 B 14 681 M 14 681 M
Net income 2021 84 864 M 776 M 776 M
Net Debt 2021 559 B 5 109 M 5 109 M
P/E ratio 2021 12,8x
Yield 2021 2,58%
Capitalization 1 088 B 9 945 M 9 946 M
EV / Sales 2021 1,03x
EV / Sales 2022 0,99x
Nbr of Employees 56 179
Free-Float 87,7%
Chart AGC INC.
Duration : Period :
AGC Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AGC INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Average target price 5 350,00 JPY
Last Close Price 4 915,00 JPY
Spread / Highest target 38,4%
Spread / Average Target 8,85%
Spread / Lowest Target -16,6%
EPS Revisions
Managers and Directors
NameTitle
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
Sector and Competitors
1st jan.Capitalization (M$)
AGC INC.36.53%9 853
SAINT-GOBAIN45.97%35 029
ASSA ABLOY AB22.77%32 808
MASCO CORPORATION16.09%16 184
FORTUNE BRANDS HOME & SECURITY, INC.25.25%14 880
XINYI GLASS HOLDINGS LIMITED21.94%13 605