AGC Inc., January-September (Third Quarter Cumulative) Net Income Turns to Loss, July-September Net Income Decreases by 52%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri Nov 1, 2024 1:00 pm JST Earnings

5201 AGC Inc. 【IFRS】

Earnings Report

AGC Inc. <5201> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on November 1st (13:00). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a loss of 106 billion yen (compared to a profit of 57.5 billion yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to December period (4Q) is expected to expand by 38.2% from the same period last year, reaching 11.4 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated net income significantly dropped to 8.09 billion yen, a 52.3% decrease compared to the same period last year. However, the operating profit margin improved from 6.3% in the same period last year to 7.2%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	1,498,850	152,094	165,227	98,754	445.6	282.4	Nov 2, 2022	IFRS
Jan - Sep, 2023	1,483,817	95,534	99,212	57,540	265.0	80.8	Nov 2, 2023	IFRS
Jan - Sep, 2024	1,534,224	94,012	-74,394	-106,410	-502.1	ー	Nov 1, 2024	IFRS
YoY	+3.4%	-1.6%	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	1,033,937	64,443	56,805	25,220	116.8	105	Feb 7, 2024	IFRS
Jul - Dec, 2024 Guidance	1,084,805	73,310	50,388	19,500	91.9	105	Aug 1, 2024	IFRS
YoY	+4.9%	+13.8%	-11.3%	-22.7%	-21.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,035,874	183,942	58,512	-3,152	-14.2	210	Feb 8, 2023	IFRS
Dec, 2023	2,019,254	128,779	122,775	65,798	304.7	210	Feb 7, 2024	IFRS
Dec, 2024 Guidance	2,100,000	130,000	-42,000	-95,000	-447.5	210	Aug 1, 2024	IFRS
YoY	+4.0%	+0.9%	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	498,500	31,198	33,242	16,962	78.1	6.3	Nov 2, 2023	IFRS
Oct - Dec, 2023	535,437	33,245	23,563	8,258	38.3	6.2	Feb 7, 2024	IFRS
Jan - Mar, 2024	498,740	24,143	-6,303	-20,955	-98.9	4.8	May 8, 2024	IFRS
Apr - Jun, 2024	516,455	32,547	-86,085	-93,545	-441.4	6.3	Aug 1, 2024	IFRS
Jul - Sep, 2024	519,029	37,322	17,994	8,090	38.2	7.2	Nov 1, 2024	IFRS
YoY	+4.1%	+19.6%	-45.9%	-52.3%	-51.1%