ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Consumer Durables

AGC, Inc. (Japan)

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 2021 JPYUSD
Gross Profit505,958M4,604.92M
Operating income197,720M1,799.52M
Income before tax207,753M1,890.84M
Net income123,840M1,127.11M
Diluted EPS557.095.07
Dividends Per Share1601.45
Total Assets2,666.03B23,151.67M
Total liabilities1,184.64B10,287.41M
Total equity1,314.16B11,412.10M
Operating cash flow326,713M2,973.54M
Currency in JPYCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 1,463.53B 1,522.90B 1,518.03B 1,412.30B 1,697.38B
Gross Profit 402,463M 418,502M 400,932M 357,621M 505,958M
Operating income 118,921M 118,306M 99,405M 74,639M 197,720M
Income before tax 114,424M 128,404M 76,213M 57,121M 207,753M
Net income 69,226M 89,593M 44,435M 32,716M 123,840M
EBITDA 247,147M 239,974M 242,766M 218,355M 364,476M
Diluted EPS 300.65 397.57 199.94 147.23 557.09
Dividends Per Share 105 115 120 120 160
Total Assets 2,228.56B 2,235.77B 2,335.41B 2,534.45B 2,666.03B
Total liabilities 938,662M 982,169M 1,052.77B 1,291.41B 1,184.64B
Total equity 1,184.03B 1,137.20B 1,157.09B 1,115.14B 1,314.16B
Operating cash flow 203,504M 189,287M 191,906M 225,392M 326,713M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 13,051.67M 13,789.07M 13,925.58M 13,227.73M 15,448.55M
Gross Profit 3,589.13M 3,789.30M 3,677.91M 3,349.49M 4,604.92M
Operating income 1,060.52M 1,071.19M 911.88M 699.07M 1,799.52M
Income before tax 1,020.42M 1,162.62M 699.13M 534.99M 1,890.84M
Net income 617.35M 811.21M 407.62M 306.41M 1,127.11M
EBITDA 2,204.03M 2,172.83M 2,226.99M 2,045.12M 3,317.24M
Diluted EPS 2.68 3.59 1.83 1.37 5.07
Dividends Per Share 0.93 1.04 1.10 1.12 1.45
Total Assets 19,783.04M 20,378.03M 21,489.90M 24,547.99M 23,151.67M
Total liabilities 8,332.55M 8,952.00M 9,687.37M 12,508.25M 10,287.41M
Total equity 10,510.74M 10,365.07M 10,647.31M 10,800.92M 11,412.10M
Operating cash flow 1,814.83M 1,713.89M 1,760.43M 2,111.03M 2,973.54M

Valuation Measures

Dec 2021
Operating margin11.64%
Profit margin7.29%

Key executives

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


  • Nomura Asset Management Co., Ltd. (4.6%)
  • Meiji Yasuda Life Insurance Co. (3.3%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.0%)
  • Asahi Glass Foundation (2.7%)
  • AGC, Inc. (Japan) (2.3%)
  • Nikko Asset Management Co., Ltd. (2.2%)
  • The Vanguard Group, Inc. (2.1%)
  • Daiwa Asset Management Co. Ltd. (2.0%)
  • Asahi Glass Business Association (2.0%)
  • Nippon Life Insurance Co. (1.6%)

Contact Details

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

Related Companies

  • AGC Middle East & Africa FZCO
  • AGC Automotive Italy Srl
  • AGC Automotive Glass Mexico SA de CV
  • AGC Asia Pacific (Vietnam) Co. Ltd.
  • AGC Advanced Business Experts (Thailand) Ltd.
  • AGC Multi Material S Pte Ltd.
  • AGC (China) Holdings. Inc. (Shanghai Branch)
  • AGC Technology Solutions Kunshan, Inc.
  • AGC Multi Material (Suzhou), Inc.
  • AGC Vinythai Public Co. Ltd.
  • AGC Chemicals Trading (Shanghai), Inc.
  • AGC Precision Glass (Shenzhen), Inc.
  • AGC Flat Glass Protech (Shenzhen), Inc.
  • AGC Display Glass (Chongqing), Inc.
  • AGC Advanced Electronics Display Glass (Shenzhen), Inc.
  • AGC Flat Glass (Hong Kong) Co. Ltd.
  • Kashima Berth Co. Ltd.
  • AGC Sunsmile, Inc.
  • AGC Plibrico Co. Ltd.
  • AGC Insurance Management Co. Ltd.
  • AGC Advanced Accounting Experts, Inc.
  • Carglass Yamato Co. Ltd.
  • Autoglass Co. Ltd.
  • AGC Hokuriku Glass Kenzai Co. Ltd.
  • AGC Amenitech Co. Ltd.
  • AGC Automotive Canada, Inc.
  • AGC Multi Material Europe SA
  • RV Friend Network LLC
  • AGC Biologics Italy SpA
  • Asahi Glassplant, Inc.


  • Chemours Co.
  • Formosa Plastics Corporation
  • Zhejiang Juhua Co., Ltd. Class A
  • Compagnie de Saint-Gobain SA
  • Research Frontiers Incorporated
  • Zhejiang Lante Optics Co. Ltd. Class A
  • KCC GLASS Corporation
  • PT Chandra Asri Petrochemical Tbk
  • Binex Co., Ltd
  • Prestige Biologics Co., Ltd.
Last Updated on 2 Dec, 2022

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more