AGC : Consolidated Financial Results for the Nine Months ended September 30, 2019 (PDF 177KB)

Oct 30, 2019 Corporate Name: AGC Inc.

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

President & CEO: Takuya Shimamura Contact: Kazumi Tamaki, General Manager, Corporate Communications & Investor Relations Division (Tel: [phone])

Consolidated Financial Results for the Nine Months ended September 30, 2019 (IFRS basis)

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

1. Financial Results for the Nine months ended September 30, 2019 (January 1 through September 30, 2019)

(1) Consolidated operating results

	For the Nine months ended		For the Nine months ended
	September 30, 2019		September 30, 2018
	Millions of yen	%		Millions of yen		%
Net sales	1,123,753		(0.2)			1,126,152		5.8
Operating profit	73,609		(15.4)			87,024		5.5
Profit before tax	50,467		(44.6)			91,038		12.8
Profit for the period	36,031		(50.2)			72,380		6.4
Profit for the period attributable to owners of the parent	28,883		(55.5)			64,890		7.1
Total comprehensive income for the period	4,323		(89.9)			42,701		(53.6)
Basic earnings per share (yen)	130.56					288.17
Diluted earnings per share (yen)	129.98					286.77
(2) Consolidated financial position
	FY2019 third quarter				FY2018
	(as of September 30, 2019)	(as of December 31, 2018)
Total assets (millions of yen)			2,260,973						2,235,776
Total equity(millions of yen)			1,227,665						1,253,604
Equity attributable to owners of the parent			1,108,502						1,137,204
(millions of yen)
Equity attributable to owners of the parent ratio (%)			49.0						50.9
2. Dividends									(Unit: yen)
	FY2018	FY2019			FY2019 (forecast)
End of first quarter	-			-		――――
End of second quarter	55.00			60.00		――――
End of third quarter	-			-		――――
End of fiscal year	60.00	――――					60.00
Total	115.00	――――					120.00
Note: Revision of the forecast during this quarter: No

3. Forecast for FY2019 (January 1 through December 31, 2019)

	Full year
	Millions of yen	%
Net sales	1,540,000	1.1
Operating profit	105,000	(12.9)
Profit before tax	75,000	(41.6)
Profit for the year	51,000	(50.0)
Profit for the year attributable to owners of the parent	41,000	(54.2)
Basic earnings per share (yen)
185.33

Note: Revision of the forecast for FY2019 consolidated operating results from the latest official forecast: No

*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: Yes

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, and "Changes in Acounting Estimates" on page 12.

(3) Number of shares issued (common stock)

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

	-FY2019 third quarter (as of September 30, 2019):	227,441,381
	-FY2018 (as of December 31, 2018):	227,441,381
ii.	Number of treasury stock at the end of the period
	-FY2019 third quarter (as of September 30, 2019):	5,876,778
	-FY2018 (as of December 31, 2018):	5,944,972

1. Average number of shares issued during the period

-For the nine months ended September 30, 2019:	221,224,628
-For the nine months ended September 30, 2018:	225,182,577

*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)	12
	(Segment Information)	13
	(Notes to Other Income and Other Expenses)	15
	(Notes on Significant Subsequent Events)	15

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1. Condensed Interim Consolidated Financial Statements (IFRS)

(1) Condensed Interim Consolidated Statements of Financial Position

			(Unit: millions of yen)
		FY2018	FY2019 third quarter
		(as of December 31, 2018)	(as of September 30, 2019)
Assets
	Current assets
	Cash and cash equivalents	123,503	123,677
	Trade receivables	260,111	256,333
	Inventories	277,014	288,196
	Other receivables	50,836	40,894
	Income tax receivables	4,531	3,932
	Other current assets	17,199	23,428
	Total current assets	733,196	736,463
	Non-current assets
	Property, plant and equipment	1,108,934	1,132,665
	Goodwill	89,076	113,827
	Intangible assets	56,645	53,830
	Investments accounted for using equity method	35,245	35,321
	Other financial assets	179,081	154,271
	Deferred tax assets	20,140	20,343
	Other non-current assets	13,455	14,249
	Total non-current assets	1,502,580	1,524,509
Total assets	2,235,776	2,260,973

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			(Unit: millions of yen)
		FY2018	FY2019 third quarter
		(as of December 31, 2018)	(as of September 30, 2019)
Liabilities and equity
Liabilities
	Current liabilities
	Trade payables	156,594	142,519
	Short-terminterest-bearing debt	67,281	87,576
	Long-terminterest-bearing debt due within one year	71,897	81,667
	Other payables	143,202	150,506
	Income tax payables	8,775	8,845
	Provisions	929	2,945
	Other current liabilities	14,417	14,521
	Total current liabilities	463,098	488,582
	Non-current liabilities
	Long-terminterest-bearing debt	402,601	436,674
	Deferred tax liabilities	34,989	33,015
	Post-employment benefit liabilities	61,478	54,949
	Provisions	8,049	8,355
	Other non-current liabilities	11,954	11,728
	Total non-current liabilities	519,074	544,724
	Total liabilities	982,172	1,033,307
Equity
	Share capital	90,873	90,873
	Capital surplus	94,368	93,900
	Retained earnings	773,760	787,896
	Treasury shares	(28,821)	(28,497)
	Other components of equity	207,023	164,328
	Total equity attributable to owners of the parent	1,137,204	1,108,502
	Non-controlling interests	116,399	119,163
	Total equity	1,253,604	1,227,665
Total liabilities and equity	2,235,776	2,260,973

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