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AGC, Net Income Forecast for the Fiscal Year Revised Downward by 29%

Fri Aug 1, 2025 1:00 pm JST Earnings

5201 AGC Inc. 【IFRS】

Earnings Report

AGC Inc. <5201> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on August 1st (13:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending December 2025 (January to June) turned into a profit of 13.9 billion yen (compared to a loss of 114 billion yen in the same period last year).

However, the full-year forecast for consolidated net income has decreased 28.8%, from the previous forecast of 80.0 billion yen to 57.0 billion yen (compared to a loss of 94.0 billion yen in the previous period).

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the July to December period (second half) is expected to surge 2.1 times that of the same period last year, reaching 43.0 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated net income/loss turned to a profit of 7.26 billion yen (compared to a loss of 93.5 billion yen in the same period last year). However, the operating profit margin worsened from 6.3% in the same period last year to 5.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Jun, 2023 985,317 64,336 65,970 40,578 185.2 53.7 Aug 2, 2023 IFRS
Jan - Jun, 2024 1,015,195 56,690 -92,388 -114,500 -540.3 ー Aug 1, 2024 IFRS
Jan - Jun, 2025 995,474 54,022 33,751 13,905 65.6 34.8 Aug 1, 2025 IFRS
YoY -1.9% -4.7% － － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 1,050,000 65,000 ー ー － 105 Feb 7, 2025 IFRS
Jan - Jun, 2025 Results 995,474 54,022 33,751 13,905 65.6 105 Aug 1, 2025 IFRS
Revision Rate -5.2% -16.9% － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 2,150,000 150,000 135,000 80,000 376.7 210 Feb 7, 2025 IFRS
Dec, 2025 New 2,050,000 120,000 97,000 57,000 268.4 210 Aug 1, 2025 IFRS
Revision Rate -4.7% -20.0% -28.1% -28.7% -28.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 1,052,408 69,145 42,338 20,458 96.5 105 Feb 7, 2025 IFRS
Jul - Dec, 2025 Guidance 1,054,526 65,978 63,249 43,095 202.9 105 Aug 1, 2025 IFRS
YoY +0.2% -4.6% +49.4% +110.7% +110.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 2,019,254 128,779 122,775 65,798 304.7 210 Feb 7, 2024 IFRS
Dec, 2024 2,067,603 125,835 -50,050 -94,042 -443.7 210 Feb 7, 2025 IFRS
Dec, 2025 Guidance 2,050,000 120,000 97,000 57,000 268.4 210 Aug 1, 2025 IFRS
YoY -0.9% -4.6% － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 533,379 31,823 24,344 12,368 58.4 6.0 Feb 7, 2025 IFRS
Jan - Mar, 2025 499,584 25,840 16,957 6,645 31.4 5.2 May 12, 2025 IFRS
Apr - Jun, 2025 495,890 28,182 16,794 7,260 34.3 5.7 Aug 1, 2025 IFRS
YoY -4.0% -13.4% － － －

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