AGC KK

5201

Equity

ISIN JP3112000009 / Valor 761499

Tokyo Stock Exchange (2024-12-25)

JPY 4,629.00-0.04%

AGC KK
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About company

AGC KK operates as a global leader in the supply of various advanced materials and components, primarily serving the semiconductor, electronics, automotive, and construction industries. Renowned for its significant market share in synthetic fused silica glass, the company has diversified its offerings to include a range of specialized products such as lithography photomask blanks for extreme ultraviolet (EUV) lithography, high-purity silicon carbide (SiC) jigs, and chemical mechanical polishing (CMP) slurry. AGC has also made strides in optoelectronic materials, providing infrared ray-absorbing glass filters for smartphones and digital cameras, and advanced functional materials for emerging sectors like advanced driver support systems and 5G technology. The company's portfolio extends to fluoropolymer products, including Fluon®ETFE, fluororubbers, and various fluorine-based chemicals and coatings, which find applications across a broad spectrum of industries from automotive and aerospace to semiconductors and construction. AGC's expertise in glass technology is further demonstrated in its leadership in glass substrates for LCD displays and its development of thin, durable glass for electronic device covers, solar panels, and touch panels. Additionally, AGC has established a strong presence in the automotive glass market, leveraging its advanced manufacturing technologies and research capabilities to meet the evolving needs of its global clientele.

Summarized from source with an LLMView SourceSector: Industrials

Net Sales Growth

AGC KK reported net sales of ¥1,534.2 billion for the nine months ended September 30, 2024, marking a 3.4% increase compared to the same period in the previous year. This growth was driven by strong performance in the electronics business, particularly in shipments of photomask blanks for EUV lithography.

Operating Profit Decline

Despite the increase in net sales, AGC KK's operating profit for the nine months ended September 30, 2024, decreased by 1.6% year-on-year to ¥94.0 billion. The decline was attributed to reduced sales and cost efficiency issues in the Automotive and Life Science segments.

Profit Before Tax Loss

AGC KK experienced a significant decline in profit before tax, reporting a loss of ¥74.4 billion for the nine months ended September 30, 2024. This was a substantial decrease from the ¥99.2 billion profit before tax recorded in the same period of the previous year, primarily due to losses from the sale of shares in subsidiaries and impairment losses in the Life Science segment.

Loss Attributable to Owners

The profit for the period attributable to owners of AGC KK decreased by ¥164.0 billion, resulting in a loss of ¥106.4 billion for the nine months ended September 30, 2024. This was a significant downturn from the ¥57.5 billion profit recorded in the same period of the previous year.

Dividend Forecast

AGC KK maintained its dividend forecast for the fiscal year 2024, with a total annual dividend of ¥210.00 per share. This includes an interim dividend of ¥105.00 per share, reflecting the company's commitment to returning value to shareholders despite the challenging financial results.

Summarized from source with an LLMView Source

Key figures

-13.1%1Y

-17.2%3Y

16.6%5Y

Performance

30.6%1Y

27.0%3Y

29.9%5Y

Volatility