AGC Inc. (OTCPK:ASGLY) Q3 2025 Earnings Call November 5, 2025 1:00 AM EST
Company Participants
Kazumi Tamaki – Executive Officer and GM of Corporate Communications & Investor Relations
Shinji Miyaji – Senior EVP, CFO, CCO & Director
Presentation
Kazumi Tamaki
Executive Officer and GM of Corporate Communications & Investor Relations
Let us get started. Welcome to the earnings briefing of AGC Inc. for the third quarter of fiscal year 2025. I’m Kazumi Tamaki, General Manager, Corporate Communications and Investor Relations, serving as moderator. Today’s attendees are Shinji Miyaji, Executive Vice President, Executive Officer and CFO; and Tomoyuki Shiokawa, Executive Officer, General Manager of Finance and Control Division. We will first have CFO Miyaji, provide an overview of the financial results for the third quarter, followed by a Q&A session. We are planning to finish at 3:45 p.m. Your cooperation is appreciated.
Without further ado, I ask CFO, Miyaji, to start his presentation.
Shinji Miyaji
Senior EVP, CFO, CCO & Director
Thank you. This is Shinji Miyaji, the CFO. Please turn to Page 3. The highlights. Net sales for the first 9 months totaled JPY 1,512.1 billion, down JPY 22.1 billion year-on-year. Positives included an improved product mix and pricing policies for automotive glass, increased shipments and pricing policies for Performance Chemicals and pricing policies for architectural glass in Europe and the Americas, while negatives included a PVC price decline, decreased shipments of EUV photo blanks and European architectural glass and the impact of last year’s Russian business transfer.
Operating profit was JPY 94.8 billion, up JPY 0.8 billion on effects of profit improvement measures in displays and others despite the adverse impact of the aforementioned factors as well as higher raw materials and fuel costs. Net income attributable to the owners of the parent was up JPY 145.9 billion at JPY 39.5 billion
