Notice regarding Revision to First Half Consolidated Financial Forecast
for Fiscal Year Ending December 31, 2022
AGC Inc. ("the Company") has revised first half consolidated financial forecast for the fiscal year ending December
31, 2022, which were announced on February 8, 2022.
1. Revision to the consolidated financial results forecast
Revision to the first half consolidated financial results forecast [January 1 through June 30, 2022]
(Unit: Millions of yen; %)
Profit for the
Profit for the
period
Basic earnings
Net sales
Operating profit
Profit before tax
attributable to
period
per share (Yen)
owners of the
parent
Previous forecast announced
870,000
95,000
－
－
－
－
on February 8, 2022 (A)
Revised forecast (B)
970,000
115,000
－
－
－
－
Change (B - A)
100,000
20,000
－
－
－
－
Change (%) (B - A)/A
11.5
21.1
－
－
－
－
(Reference)
Actual results for First Half of
811,332
95,208
97,133
78,913
63,843
288.33
FY2021
(2) Reasons for the Revision of Consolidated Financial Forecast
The AGC Group's net sales, operating profit for the first half of the fiscal year ending December 31, 2022 are expected to exceed the forecast which was announced on February 8, 2022. Net sales is expected to exceed the initial forecast due to higher-than-expected sales prices of caustic soda and polyvinyl chloride (PVC) in Southeast Asia in the Chemicals segment, and higher raw material and fuel prices being passed on to sales prices in the architectural glass business in Europe. Operating profit is expected to exceed the initial forecast due to higher-than- expected sales prices of caustic soda and polyvinyl chloride (PVC) in Southeast Asia.
The full-year forecast is currently under scrutiny and will be announced at the time of the second quarter earnings announcement scheduled for August 2, 2022.
(Note) The financial results forecast above was prepared based on information available as of the day of this announcement. Actual results may differ from the forecast figures for various reasons.
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AGC - Asahi Glass Co. Ltd. published this content on 12 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2022 06:03:04 UTC.
AGC Inc. specializes in the production and marketing of glass products. The group is also manufacturing chemical products. Net sales break down by family of products and services as follows:
- flat panes and car windows (44.2%);
- chemical products (39%): caustic soda, vinyl chloride, urethane substances, fluorinated resins, iodine, etc.;
- glass substrates for screens and for electronic equipment (15%);
- other (1.8%): ceramic, logistic services, etc.
AGC INC. 
