Consolidated Financial Results for the Nine Months ended September 30, 2021(PDF 211KB)

Nov 1, 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: [phone])

Consolidated Financial Results for the Nine Months ended September 30, 2021 (IFRS basis)

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

1. Financial Results for the Nine months ended September 30, 2021 (January 1 through September 30, 2021)

(1) Consolidated operating results

	For the Nine months ended	For the Nine months ended
	September 30, 2021		September 30, 2020
	Millions of yen	%	Millions of yen	%
Net sales	1,233,505	21.8	1,012,771	(9.9)
Operating profit	148,350	265.5	40,584	(44.9)
Profit before tax	185,090	611.5	26,014	(48.5)
Profit for the period	153,748	837.2	16,404	(54.5)
Profit for the period attributable to owners of the parent	129,445	858.3	13,507	(53.2)
Total comprehensive income for the period	233,095		(56,789)	-
Basic earnings per share (yen)	584.49		61.04
Diluted earnings per share (yen)	582.32		60.79

(2) Consolidated financial position

	FY2021 third quarter			FY2020
	(as of September 30, 2021)	(as of December 31, 2020)
Total assets (millions of yen)			2,691,149			2,534,458
Total equity(millions of yen)			1,439,088			1,243,039
Equity attributable to owners of the parent			1,286,805			1,115,142
(millions of yen)
Equity attributable to owners of the parent ratio (%)			47.8			44.0
2. Dividends					(Unit: yen)
	FY2020		FY2021		FY2021 (forecast)
End of first quarter		-			-	――――
End of second quarter		60.00			80.00	――――
End of third quarter		-	――――		-
End of fiscal year		60.00	――――		130.00
Total		120.00	――――		210.00
Note: Revision of the forecast during this quarter: No

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

	Full year
	Millions of yen	%
Net sales	1,690,000	19.7
Operating profit	200,000	163.9
Profit before tax	207,000	262.4
Profit for the period	164,000	298.4
Profit for the period attributable to owners of the parent	129,000	294.3
Basic earnings per share (yen)	582.48

Note: Revision of the forecast for FY2021 consolidated operating results from the latest official forecast: Yes

*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 third quarter (as of September 30, 2021):	227,441,381
	-FY2020 (as of December 31, 2020):	227,441,381
ii.	Number of treasury stock at the end of the period

-FY2021 third quarter (as of September 30, 2021):	5,539,686
-FY2020 (as of December 31, 2020):	5,813,165

1. Average number of shares issued during the period

-For the nine months ended September 30, 2021:	221,466,855
-For the nine months ended September 30, 2020:	221,290,999

*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 Results

Supplementary materials(Financial Results for the Nine Months ended September 30, FY2021) will be published on TD-net for viewing in Japan, and 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

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1. Condensed Interim Consolidated Financial Statements (IFRS)

(1) Condensed Interim Consolidated Statements of Financial Position

			(Unit: millions of yen)
		FY2020	FY2021 third quarter
		(as of December 31, 2020)	(as of September 30, 2021)
Assets
Current assets
	Cash and cash equivalents	236,124	251,936
	Trade receivables	266,177	274,231
	Inventories	274,835	314,850
	Other receivables	62,468	69,017
	Income tax receivables	5,169	3,759
	Other current assets	16,186	29,736
	Total current assets	860,962	943,531
Non-current assets
	Property, plant and equipment	1,246,885	1,298,317
	Goodwill	118,063	121,103
	Intangible assets	72,660	74,371
	Investments accounted for using equity method	32,014	38,549
	Other financial assets	130,919	124,050
	Deferred tax assets	25,944	25,332
	Other non-current assets	47,008	65,894
	Total non-current assets	1,673,495	1,747,618
Total assets	2,534,458	2,691,149

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			(Unit: millions of yen)
		FY2020	FY2021 third quarter
		(as of December 31, 2020)	(as of September 30, 2021)
Liabilities and equity
Liabilities
	Current liabilities
	Trade payables	151,874	165,950
	Short-terminterest-bearing debt	106,884	35,407
	Long-terminterest-bearing debt due within one year	87,163	86,375
	Other payables	186,310	185,318
	Income tax payables	12,426	25,690
	Provisions	1,563	1,655
	Other current liabilities	17,676	14,642
	Total current liabilities	563,898	515,040
	Non-current liabilities
	Long-terminterest-bearing debt	593,912	596,327
	Deferred tax liabilities	35,153	39,389
	Post-employment benefit liabilities	64,736	65,984
	Provisions	12,353	10,594
	Other non-current liabilities	21,363	24,724
	Total non-current liabilities	727,519	737,020
	Total liabilities	1,291,418	1,252,061
Equity
	Share capital	90,873	90,873
	Capital surplus	83,501	81,699
	Retained earnings	818,701	928,588
	Treasury shares	(28,170)	(27,033)
	Other components of equity	150,236	212,678
	Total equity attributable to owners of the parent	1,115,142	1,286,805
	Non-controlling interests	127,897	152,283
	Total equity	1,243,039	1,439,088
Total liabilities and equity	2,534,458	2,691,149

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