Full Year 2020 AGC Inc Earnings Presentation Transcript

Feb 05, 2021 / NTS GMT

Release Date Price: $7.17 (-0.94%)

Transcript

Shinji Miyaji

AGC Inc. - Senior EVP, CFO, CCO, GM of Corporate Planning General Division & Director

[Interpreted] Good afternoon. Shinji Miyaji, CFO.

Please turn to Page 4. These are the key points of the financial results for FY 2020.

Net sales were down JPY 105.7 billion year-on-year at JPY 1,412.3 billion. Operating profit was down JPY 25.8 billion at JPY 75.8 billion.

Strategic businesses grew steadily as they were not affected by COVID-19, while Glass and Chemicals showed a decline in net sales and profit due to severe impact of COVID-19, resulting in lower sales and profit overall. Adverse impact of COVID-19 is estimated at JPY 135 billion on sales and JPY 50 billion on operating profit. Without which, both net

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