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Process Industries

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 2020 JPYUSD
Revenue1,412.30B13,227.73M
Gross Profit357,621M3,349.49M
Operating income74,639M699.07M
Income before tax57,121M534.99M
Net income32,716M306.41M
EBITDA218,355M2,045.12M
Diluted EPS147.231.37
Dividends Per Share1201.12
Total Assets2,534.45B24,547.99M
Total liabilities1,291.41B12,508.25M
Total equity1,115.14B10,800.92M
Operating cash flow225,392M2,111.03M
Currency in JPYCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 1,282.57B 1,463.53B 1,522.90B 1,518.03B 1,412.30B
Gross Profit 349,012M 402,463M 418,502M 400,932M 357,621M
Operating income 94,543M 118,921M 118,306M 99,405M 74,639M
Income before tax 65,748M 114,424M 128,404M 76,213M 57,121M
Net income 47,439M 69,226M 89,593M 44,435M 32,716M
EBITDA 216,346M 247,147M 239,974M 242,766M 218,355M
Diluted EPS 204.25 300.65 397.57 199.94 147.23
Dividends Per Share 90 105 115 120 120
Total Assets 1,981.45B 2,228.56B 2,235.77B 2,335.41B 2,534.45B
Total liabilities 812,704M 938,662M 982,169M 1,052.77B 1,291.41B
Total equity 1,095.43B 1,184.03B 1,137.20B 1,157.09B 1,115.14B
Operating cash flow 203,637M 203,504M 189,287M 191,906M 225,392M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 11,803.63M 13,051.67M 13,789.07M 13,925.58M 13,227.73M
Gross Profit 3,211.99M 3,589.13M 3,789.30M 3,677.91M 3,349.49M
Operating income 870.08M 1,060.52M 1,071.19M 911.88M 699.07M
Income before tax 605.08M 1,020.42M 1,162.62M 699.13M 534.99M
Net income 436.58M 617.35M 811.21M 407.62M 306.41M
EBITDA 1,991.05M 2,204.03M 2,172.83M 2,226.99M 2,045.12M
Diluted EPS 1.87 2.68 3.59 1.83 1.37
Dividends Per Share 0.82 0.93 1.04 1.10 1.12
Total Assets 16,988.47M 19,783.04M 20,378.03M 21,489.90M 24,547.99M
Total liabilities 6,967.92M 8,332.55M 8,952.00M 9,687.37M 12,508.25M
Total equity 9,392.01M 10,510.74M 10,365.07M 10,647.31M 10,800.92M
Operating cash flow 1,874.09M 1,814.83M 1,713.89M 1,760.43M 2,111.03M

Valuation Measures

Dec 2020
PER24.35
ROA1.34%
ROE2.87%
Operating margin5.28%
Profit margin2.31%

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

Shareholders

  • Nomura Asset Management Co., Ltd. (5.1%)
  • Meiji Yasuda Life Insurance Co. (4.2%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.2%)
  • Asahi Glass Foundation (2.6%)
  • AGC, Inc. (Japan) (2.5%)
  • Asahi Glass Business Association (1.9%)
  • The Vanguard Group, Inc. (1.9%)
  • Daiwa Asset Management Co. Ltd. (1.9%)
  • Mitsubishi Estate Co., Ltd. (1.9%)
  • Nikko Asset Management Co., Ltd. (1.7%)

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, Inc. /North American Architectural Glass Bus/
  • 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.
  • 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
  • Vitro SAB de CV Class A
  • Corning Inc
  • Shenzhen Capchem Technology Co., Ltd. Class A
  • KCC GLASS Corporation
  • U.I. Display Co., Ltd.
  • Zhejiang Lante Optics Co. Ltd. Class A
  • PT Chandra Asri Petrochemical Tbk
  • Binex Co., Ltd
  • SKC Solmics Co., Ltd
Last Updated on 27 Jul, 2021

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