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Process Industries

AGC, Inc.

Business Summary

AGC, Inc. engages in the manufacture and sale of glass, electronic materials, and chemicals. It operates through the following segments: Glass, Electronics, Chemicals, Ceramics and Other. The Glass segment provides security glass, fire-resistant glass, heat insulating glass, and automotive glass. The Electronics segment offers glass for display panels, optical thin film products, opto-electronic materials, synthetic quartz products, semiconductor components, and lighting products. The Chemicals segment deals with chlor-alkali and urethane products, water and oil repellents, solvents, gases, and specialty chemicals. The Ceramics and Other segment includes ceramic products, logistics, and financial services. The company was founded by Toshiya Iwasaki on September 8, 1907 and is headquartered in Tokyo, Japan.

Financial Highlights

Dec 2019 JPYUSD
Revenue1,518.03B13,925.58M
Gross Profit400,932M3,677.91M
Operating income99,405M911.88M
Income before tax76,213M699.13M
Net income44,435M407.62M
EBITDA242,766M2,226.99M
Diluted EPS199.941.83
Dividends Per Share1201.10
Total Assets2,335.41B21,489.90M
Total liabilities1,052.77B9,687.37M
Total equity1,157.09B10,647.31M
Operating cash flow191,906M1,760.43M
Currency in JPYCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 1,326.29B 1,282.57B 1,463.53B 1,522.90B 1,518.03B
Gross Profit 333,565M 349,012M 402,463M 418,502M 400,932M
Operating income 68,815M 94,543M 118,921M 118,306M 99,405M
Income before tax 82,165M 65,748M 114,424M 128,404M 76,213M
Net income 42,906M 47,439M 69,226M 89,593M 44,435M
EBITDA 206,196M 216,346M 247,147M 239,974M 242,766M
Diluted EPS 184.85 204.25 300.65 397.57 199.94
Dividends Per Share 90 90 105 115 120
Total Assets 1,991.26B 1,981.45B 2,228.56B 2,235.77B 2,335.41B
Total liabilities 827,495M 812,704M 938,662M 982,169M 1,052.77B
Total equity 1,094.17B 1,095.43B 1,184.03B 1,137.20B 1,157.09B
Operating cash flow 187,170M 203,637M 203,504M 189,287M 191,906M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 10,955.23M 11,803.63M 13,051.67M 13,789.07M 13,925.58M
Gross Profit 2,755.25M 3,211.99M 3,589.13M 3,789.30M 3,677.91M
Operating income 568.41M 870.08M 1,060.52M 1,071.19M 911.88M
Income before tax 678.68M 605.08M 1,020.42M 1,162.62M 699.13M
Net income 354.40M 436.58M 617.35M 811.21M 407.62M
EBITDA 1,703.18M 1,991.05M 2,204.03M 2,172.83M 2,226.99M
Diluted EPS 1.52 1.87 2.68 3.59 1.83
Dividends Per Share 0.74 0.82 0.93 1.04 1.10
Total Assets 16,553.15M 16,988.47M 19,783.04M 20,378.03M 21,489.90M
Total liabilities 6,878.88M 6,967.92M 8,332.55M 8,952.00M 9,687.37M
Total equity 9,095.74M 9,392.01M 10,510.74M 10,365.07M 10,647.31M
Operating cash flow 1,546.03M 1,874.09M 1,814.83M 1,713.89M 1,760.43M

Valuation Measures

Dec 2019
PER19.56
ROA1.94%
ROE3.87%
Operating margin6.54%
Profit margin2.92%

Key executives

  • President, CEO & Representative Director: Takuya Shimamura
  • Chief Financial Officer & Representative Director: Shinji Miyaji
  • Director, CTO & Senior Managing Executive Officer: Yoshinori Hirai
  • Executive Officer: Kimikazu Ichikawa
  • Executive Officer & General Manager-Asia: Masahiro Takeda

Shareholders

  • Nomura Asset Management Co., Ltd. (4.9%)
  • Asset Management One Co., Ltd. (4.2%)
  • Meiji Yasuda Life Insurance Co. (4.2%)
  • Asahi Glass Foundation (2.6%)
  • AGC, Inc. (Japan) (2.5%)
  • The Vanguard Group, Inc. (2.3%)
  • Mitsubishi Estate Co., Ltd. (1.9%)
  • Asahi Glass Business Association (1.8%)
  • Daiwa Asset Management Co. Ltd. (1.7%)
  • Nikko Asset Management Co., Ltd. (1.5%)

Contact Details

  • Website:http://www.agc.com
  • Address: Shin-Marunouchi Building,1/F, 1-5-1 Marunouchi, Tokyo, 100-8405, Japan
  • Phone: +81.3.3218.5741

Related Companies

  • AGC Biologics Italy SpA
  • Asahi Glassplant, Inc.
  • Asahi Electric Glass Co., Ltd.
  • Tonoga, Inc. /2 Divisions/
  • AGC Glass Substrate (Hong Kong) Co. Ltd.
  • Agc Board Incentive Plan
  • Park Electrochemical Corp. /Electronics Business/
  • Malgrat Pharma Chemicals SL
  • AGC Display Glass Yonezawa Co., Ltd.
  • Agc Co. Ltd.
  • AGC Research Institute, Inc.
  • AGC Polycarbonate Co., Ltd.
  • AGC Micro Glass (Thailand) Co. Ltd.
  • AGC Flat Glass (Suzhou) Co. Ltd.
  • AGC Flat Glass (Dalian) Co. Ltd.
  • AGC Flat Glass Klin LLC
  • PT Iwaki Glass Indonesia
  • Zibo Asahi Glass Alumina Materials Co. Ltd.
  • AGC Technology Solutions (Thailand) Co. Ltd.
  • AGC Display Glass (Kunshan) Co. Ltd.
  • AGC Automotive Foshan Co., Ltd.
  • AGC Automotive China Co. Ltd.
  • AGC Shanghai Co., Ltd.
  • AGC Automotive Philippines, Inc.
  • AGC Electronics (Thailand) Co. Ltd.
  • AGC Automotive (Thailand) Co. Ltd.
  • PT Cahayatiara Mustika Scientific Indonesia
  • AGC (China) Holdings Co., Ltd.
  • AGC Flat Glass (Thailand) Public Co. Ltd.
  • AGC Display Glass Taiwan Co. Ltd.

Competitors

  • Chemours Co.
  • Turkiye Sise ve Cam Fabrikalari A.S.
  • Compagnie de Saint-Gobain SA
  • Research Frontiers Incorporated
  • Corning Inc
  • Shenzhen Capchem Technology Co., Ltd. Class A
  • U.I. Display Co., Ltd.
  • PT Chandra Asri Petrochemical Tbk
  • Binex Co., Ltd
  • Anadolu Cam Sanayii A.S.
  • SKC Solmics Co., Ltd
  • Wuxi Biologics (Cayman) Inc.
Last Updated on 3 Jul, 2020

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