Nov 1, 2021 Corporate Name: AGC Inc.
(Code Number: 5201; TSE 1st section) (URL: https://www.agc.com/)
President & CEO: Yoshinori Hirai
Contact: Kazumi Tamaki, General Manager, Corporate Communications & Investor Relations Division (Tel: +81-3-3218-5603)
Consolidated Financial Results for the Nine Months ended September 30, 2021 (IFRS basis)
(Fractions less than one million yen are rounded off.)
1. Financial Results for the Nine months ended September 30, 2021 (January 1 through September 30, 2021)
(1) Consolidated operating results
For the Nine months ended | For the Nine months ended | |||
September 30, 2021 | September 30, 2020 | |||
Millions of yen | % | Millions of yen | % | |
Net sales | 1,233,505 | 21.8 | 1,012,771 | (9.9) |
Operating profit | 148,350 | 265.5 | 40,584 | (44.9) |
Profit before tax | 185,090 | 611.5 | 26,014 | (48.5) |
Profit for the period | 153,748 | 837.2 | 16,404 | (54.5) |
Profit for the period attributable to owners of the parent | 129,445 | 858.3 | 13,507 | (53.2) |
Total comprehensive income for the period | 233,095 | (56,789) | - | |
Basic earnings per share (yen) | 584.49 | 61.04 | ||
Diluted earnings per share (yen) | 582.32 | 60.79 |
(2) Consolidated financial position
FY2021 third quarter | FY2020 | |||||
(as of September 30, 2021) | (as of December 31, 2020) | |||||
Total assets (millions of yen) | 2,691,149 | 2,534,458 | ||||
Total equity(millions of yen) | 1,439,088 | 1,243,039 | ||||
Equity attributable to owners of the parent | 1,286,805 | 1,115,142 | ||||
(millions of yen) | ||||||
Equity attributable to owners of the parent ratio (%) | 47.8 | 44.0 | ||||
2. Dividends | (Unit: yen) | |||||
FY2020 | FY2021 | FY2021 (forecast) | ||||
End of first quarter | - | - | ―――― | |||
End of second quarter | 60.00 | 80.00 | ―――― | |||
End of third quarter | - | ―――― | - | |||
End of fiscal year | 60.00 | ―――― | 130.00 | |||
Total | 120.00 | ―――― | 210.00 | |||
Note: Revision of the forecast during this quarter: No |
3. Forecast for FY2021 (January 1 through December 31, 2021)
Full year | ||
Millions of yen | % | |
Net sales | 1,690,000 | 19.7 |
Operating profit | 200,000 | 163.9 |
Profit before tax | 207,000 | 262.4 |
Profit for the period | 164,000 | 298.4 |
Profit for the period attributable to owners of the parent | 129,000 | 294.3 |
Basic earnings per share (yen) | 582.48 |
Note: Revision of the forecast for FY2021 consolidated operating results from the latest official forecast: Yes
*Notes
- Changes in significant subsidiaries during the period: No
- Changes in Accounting Policies and Changes in Accounting Estimates
- Changes in accounting policies required by IFRS: Yes
- Changes in accounting policies other than "i" above: No
- Changes in accounting estimates: No
Note: For details, please refer to "1. Condensed Interim Consolidated Financial Statements (IFRS) (5) Notes to the Condensed Interim Consolidated Financial Statements,(Changes in Accounting Policies)" on
page 11.
(3) Number of shares issued (common stock)
- Number of shares issued (including treasury stock) at the end of the period
-FY2021 third quarter (as of September 30, 2021): | 227,441,381 | |
-FY2020 (as of December 31, 2020): | 227,441,381 | |
ii. | Number of treasury stock at the end of the period |
-FY2021 third quarter (as of September 30, 2021): | 5,539,686 |
-FY2020 (as of December 31, 2020): | 5,813,165 |
- Average number of shares issued during the period
-For the nine months ended September 30, 2021: | 221,466,855 |
-For the nine months ended September 30, 2020: | 221,290,999 |
*This interim consolidated financial statement is outside the scope of quarterly review procedures.
*Appropriate Use of Forecast and Other Information and Other Matters
The above forecast is the assumptions of the Group's management on the basis of currently available information and, as such, contain risks and uncertainties. For this reason, investors are advised not to base investment decisions solely on these prospective results. Please note that actual results may materially differ from the projection due to such various factors as business and market environment the Group is active in, currency exchange rate fluctuations, and others.
*Supplementary Materials for the Quarterly Financial Results
Supplementary materials(Financial Results for the Nine Months ended September 30, FY2021) will be published on TD-net for viewing in Japan, and on our website.
(Attached Documents)
INDEX
1. Condensed Interim Consolidated Financial Statements (IFRS) | 2 | |
(1) | Condensed Interim Consolidated Statements of Financial Position | 2 |
(2) | Condensed Interim Consolidated Statements of Profit or Loss and Consolidated Statements of | 4 |
Comprehensive Income | ||
(Condensed Interim Consolidated Statements of Profit or Loss) | 4 | |
(Condensed Interim Consolidated Statements of Comprehensive Income) | 5 | |
(3) | Condensed Interim Consolidated Statements of Changes in Equity | 6 |
(4) | Condensed Interim Consolidated Statements of Cash Flows | 10 |
(5)Notes to the Condensed Interim Consolidated Financial Statements | 11 | |
(Changes in Accounting Policies) | 11 | |
(Changes in Accounting Estimates) | 11 | |
(Segment Information) | 12 | |
(Notes to Other Income and Other Expenses) | 14 | |
(Notes on Significant Subsequent Events) | 14 |
- 1 -
1. Condensed Interim Consolidated Financial Statements (IFRS)
(1) Condensed Interim Consolidated Statements of Financial Position
(Unit: millions of yen) | |||
FY2020 | FY2021 third quarter | ||
(as of December 31, 2020) | (as of September 30, 2021) | ||
Assets | |||
Current assets | |||
Cash and cash equivalents | 236,124 | 251,936 | |
Trade receivables | 266,177 | 274,231 | |
Inventories | 274,835 | 314,850 | |
Other receivables | 62,468 | 69,017 | |
Income tax receivables | 5,169 | 3,759 | |
Other current assets | 16,186 | 29,736 | |
Total current assets | 860,962 | 943,531 | |
Non-current assets | |||
Property, plant and equipment | 1,246,885 | 1,298,317 | |
Goodwill | 118,063 | 121,103 | |
Intangible assets | 72,660 | 74,371 | |
Investments accounted for using equity method | 32,014 | 38,549 | |
Other financial assets | 130,919 | 124,050 | |
Deferred tax assets | 25,944 | 25,332 | |
Other non-current assets | 47,008 | 65,894 | |
Total non-current assets | 1,673,495 | 1,747,618 | |
Total assets | 2,534,458 | 2,691,149 |
- 2 -
(Unit: millions of yen) | |||
FY2020 | FY2021 third quarter | ||
(as of December 31, 2020) | (as of September 30, 2021) | ||
Liabilities and equity | |||
Liabilities | |||
Current liabilities | |||
Trade payables | 151,874 | 165,950 | |
Short-terminterest-bearing debt | 106,884 | 35,407 | |
Long-terminterest-bearing debt due within one year | 87,163 | 86,375 | |
Other payables | 186,310 | 185,318 | |
Income tax payables | 12,426 | 25,690 | |
Provisions | 1,563 | 1,655 | |
Other current liabilities | 17,676 | 14,642 | |
Total current liabilities | 563,898 | 515,040 | |
Non-current liabilities | |||
Long-terminterest-bearing debt | 593,912 | 596,327 | |
Deferred tax liabilities | 35,153 | 39,389 | |
Post-employment benefit liabilities | 64,736 | 65,984 | |
Provisions | 12,353 | 10,594 | |
Other non-current liabilities | 21,363 | 24,724 | |
Total non-current liabilities | 727,519 | 737,020 | |
Total liabilities | 1,291,418 | 1,252,061 | |
Equity | |||
Share capital | 90,873 | 90,873 | |
Capital surplus | 83,501 | 81,699 | |
Retained earnings | 818,701 | 928,588 | |
Treasury shares | (28,170) | (27,033) | |
Other components of equity | 150,236 | 212,678 | |
Total equity attributable to owners of the parent | 1,115,142 | 1,286,805 | |
Non-controlling interests | 127,897 | 152,283 | |
Total equity | 1,243,039 | 1,439,088 | |
Total liabilities and equity | 2,534,458 | 2,691,149 |
- 3 -
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AGC - Asahi Glass Co. Ltd. published this content on 01 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2021 06:16:05 UTC.