Notice regarding Revision to Full-Year Consolidated Financial Forecast for Fiscal
Year Ended December 31, 2020
AGC Inc. ("the Company") has revised its full-year consolidated financial forecast for the fiscal year ended
December 31, 2020, which was announced on October 29, 2020.
1. Revision to the consolidated financial results forecast
Revision to the FY2020 full-year consolidated financial results forecast
[January 1 through December 31, 2020]
(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
1,390,000
55,000
35,000
23,000
18,000
81.34
on October 29, 2020 (A)
Revised forecast (B)
1,410,000
75,000
55,000
38,000
33,000
149.12
Change (B - A)
20,000
20,000
20,000
15,000
15,000
-
Change (%) (B - A)/A
1.4
36.4
57.1
65.2
83.3
-
(Reference)
1,518,039
101,624
76,213
55,515
44,434
200.85
Actual results for FY2019
2．Reasons for the revisions
The AGC Group's net sales, operating profit, profit before tax, profit for the period and profit for the period attributable to owners of the parent are expected to exceed the previous forecast which was announced on October 29, 2020.
This exceed is due to factors such as the recovery of architectural glass and automotive glass in the Glass segment, which is picking up at a speed faster-than-expected in the fourth quarter, following the third quarter, from the significant impact of the spread of the new coronavirus in the second quarter of FY2020; as well as an increase in the selling price of polyvinyl chloride resin in the Chemicals segment; and a more-than-expected increase in shipments of electronic materials-related products in the Electronics segment.
The Company is still in process of consolidating its accounts for the cumulative period ended December 31, 2020, which are scheduled to be announced on February 5, 2021.
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AGC - Asahi Glass Co. Ltd. published this content on 14 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2021 06:05:07 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. 
