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    5201   JP3112000009

AGC INC.

(5201)
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AGC : to Revise Pricing for Architectural Glass Products in Japan

07/14/2021 | 10:05pm EDT

The Company's architectural glass business in Japan is facing an increasing cost burden to ensure a stable supply of architectural glass due to rising costs for maintenance and renewal of manufacturing-related facilities. In addition to the above, AGC's profitability continues to be pressured by persistently high prices of raw materials and sub-materials and logistics costs.

In this environment, AGC has implemented a number of measures including re-examining its investments, improving productivity, reducing costs, and streamlining its organization. However, AGC has determined that it will be difficult to secure the revenues necessary to maintain and renew its facilities in the future through corporate efforts alone, and therefore has decided to implement price revisions for architectural glass-related products in Japan.

Under its AGC plus-2023 medium-term management plan, announced in February 2021, the AGC Group has focused on improving the profitability and asset efficiency of its architectural glass business as a priority issue for the Group management, and is implementing a variety of initiatives in this area.
In the architectural glass business in Japan, the AGC Group will continue to create social and economic value through the provision of a stable supply of architectural glass over the long term and improved business profitability.

Disclaimer

AGC - Asahi Glass Co. Ltd. published this content on 15 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2021 02:04:04 UTC.


ę Publicnow 2021
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Sales 2021 1 653 B 14 924 M 14 924 M
Net income 2021 118 B 1 067 M 1 067 M
Net Debt 2021 526 B 4 752 M 4 752 M
P/E ratio 2021 11,1x
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Number of Analysts 10
Last Close Price 5 900,00 JPY
Average target price 6 087,00 JPY
Spread / Average Target 3,17%
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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
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