Slide 1: Financial Results for the Three Months ended March 31, FY2026
Financial Results for the Three Months ended March 31, FY2026 May 12, 2026 ©AGC Inc. 1
Slide 2: Contents
Contents Financial Results for the Three p. 4 Months ended March 31, FY2026 1. Highlights of the Financial Results p. 5 2. Status of Segments p. 12 Outlook for FY2026 p. 19 Appendix p. 28 ©AGC Inc. 2
Slide 3: Key Points of 1Q FY2026 Results and FY2026 Outlook
Key Points of 1Q FY2026 Results and FY2026 Outlook Financial Results for 1Q FY2026 ◼ Year-on-year, net sales increased by 38.4 billion JPY and operating profit rose by 12.6 billion JPY. ⚫ Net sales increased thanks to the effects of yen depreciation, as well as higher shipments in Essential Chemical
Slide 4: Financial Results for the Three Months ended March 31, FY2026
Financial Results for the Three Months ended March 31, FY2026 ©AGC Inc. 4
Slide 5: 1. Highlights of the Financial Results
1. Highlights of the Financial Results ©AGC Inc. 5
Slide 6: Highlights of the Financial Results for 1Q FY2026
Highlights of the Financial Results for 1Q FY2026 （100 million JPY） Main factors in the change FY2025 FY2026 Change 1Q 1Q Net sales increase factors ◼ Impact of yen depreciation ◼ Higher shipments in Essential Chemicals in Southeast Asia ◼ Pricing policies effect in Architectural Glass in Europe * N
Slide 7: YoY Performance Comparison by Business Segment
YoY Performance Comparison by Business Segment (100 million JPY) FY2025 FY2026 Change 1Q 1Q (a) (b) (b)-(a) Net sales Operating profit Net sales Operating profit Net sales Operating profit Architectural Glass 1,040 -9 1,120 47 + 80 + 56 Automotive 1,287 77 1,376 86 + 89 + 10 Electronics 867 140 903
Slide 8: Variance Analysis on OP (1Q FY2026 vs 1Q FY2025)
Variance Analysis on OP (1Q FY2026 vs 1Q FY2025) 12.6 billion JPY up from last year （100 million JPY） ©AGC Inc. 8
Slide 9: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position (100 million JPY) 2025/12/31 2026/3/31 Change Cash and cash equivalents 947 1,198 + 252 Inventories 4,654 4,724 + 70 Property, plant Property, plant and equipment, and equipment, 17,604 17,561 - 43 Goodwill Goodwill and and Intangible Intangible assets as
Slide 10: Consolidated Statement of Cash Flow
Consolidated Statement of Cash Flow (100 million JPY) FY2025 FY2026 1Q 1Q Profit before tax 170 350 Depreciation and amortization 443 481 Increase(decrease) in working capital - 32 - 327 Others - 130 - 78 Cash flows from operating activities 450 426 Cash flows from investing activities - 516 - 597 F
Slide 11: CAPEX, Depreciation and R&D
CAPEX, Depreciation and R&D (100 million JPY) FY2025 FY2026 FY2025 FY2026 FY2025 FY2026 1Q 1Q 1Q 1Q 1Q 1Q CAPEX 496 441 Depreciation 443 481 R&D 141 139 Architectural Architectural Architectural Glass Glass 78 82 Architectural Glass Glass 63 72 Automotive 71 75 Automotive 79 80 Electronics 85 112 El
Slide 12: 2. Status of Segments
2. Status of Segments ©AGC Inc. 12
Slide 13: Architectural Glass Segment
Architectural Glass Segment FY2025 FY2026 Change Variance Analysis on OP 1Q 1Q Net sales 1,040 1,120 + 80 * （100 million JPY） Asia 346 345 -0 Europe & Americas 685 773 + 88 (Inter-segment) 10 2 -8 0 Operating profit -9 47 + 56 * FOREX impact: +102, (100 million JPY) Change in the Scope of Consolidat
Slide 14: Automotive Segment
Automotive Segment FY2025 FY2026 Change Variance Analysis on OP 1Q 1Q Net sales 1,287 1,376 + 89 * （100 million JPY） Automotive 1,287 1,376 + 89 (Inter-segment) 1 1 -0 Operating profit 77 86 + 10 * FOREX impact: +77, (100 million JPY) Change in the Scope of Consolidation: No impact Net sales ◼ Posit
Slide 15: Electronics Segment
Electronics Segment FY2025 FY2026 Change Variance Analysis on OP 1Q 1Q （100 million JPY） Net sales 867 903 + 36 * Display 458 481 + 23 Electronic Materials 405 417 + 12 (Inter-segment) 4 5 +1 Operating profit 140 123 - 18 * FOREX impact: +9, (100 million JPY) Change in the Scope of Consolidation: No
Slide 16: Chemicals Segment
Chemicals Segment FY2025 FY2026 Change Variance Analysis on OP 1Q 1Q （100 million JPY） Net sales 1,441 1,572 + 131 * Integrated Chemicals 717 784 + 67 Essential Chemicals - SEA 712 784 + 72 (Inter-segment) 12 4 -8 Operating profit 111 152 + 41 * FOREX impact: +64, (100 million JPY) Change in the Sco
Slide 17: Life Science Segment
Life Science Segment FY2025 FY2026 Change Variance Analysis on OP 1Q 1Q （100 million JPY） Net sales 310 356 + 46 * Life Science 300 349 + 49 0 (Inter-segment) 10 7 -3 Operating profit -62 -33 + 28 * FOREX impact: +31, (100 million JPY) Change in the Scope of Consolidation: No impact Net sales ◼ Posi
Slide 18: Performance Contribution of Strategic Businesses
Performance Contribution of Strategic Businesses ◼ Overall net sales and operating profit improved YoY driven by sales increase in all strategic businesses. ◼ Improvement in operating profit was driven by Performance Chemicals growth and Life Science improvement. Main products & businesses Performan
Slide 19: Outlook for FY2026
Outlook for FY2026 ©AGC Inc. 19
Slide 20: Impact of Middle East Developments
Impact of Middle East Developments ◼ 1Q： Crude oil prices increased. Preemptive production adjustments were made in anticipation of supply shortages for certain raw materials, but the overall impact on performance was minimal. ◼ From 2Q onward： While difficult to predict, we currently expect only a
Slide 21: Outlook for FY2026
Outlook for FY2026 ◼ No change from the outlook announced in February 2026 after adjusting the assumed crude oil price. (100 million JPY) FY2025 FY2026e Net sales 20,588 22,000 （First half） 9,955 10,700 Operating profit 1,275 1,500 （First half） 540 600 Profit before tax 1,248 1,240 Profit for the ye
Slide 22: Outlook Breakdown by Segment (Net Sales and Operating Profit)
Outlook Breakdown by Segment (Net Sales and Operating Profit) ◼ No change from the outlook by segment announced in February 2026. (100 million JPY) FY2025 (a) FY2026e (b) Change (b)-(a) Operating Operating Operating Operating Operating Operating Net sales profit profit Net sales profit profit Net sa
Slide 23: Outlook for FY2026 by Business Segment (1)
Outlook for FY2026 by Business Segment (1) Outlook for FY2026 Architectural Glass Automotive Asia ◼ Shipments are expected to decrease due to lower automobile production and reduced exports to the ◼ Shipments are expected to increase driven by demand Middle East. recovery in Thailand and Indonesia.
Slide 24: Outlook for FY2026 by Business Segment (2)
Outlook for FY2026 by Business Segment (2) Outlook for FY2026 Electronics Chemicals Display Integrated Chemicals ◼ Shipments of LCD glass substrates are expected to decrease ◼ Higher shipments of products for electronics application. slightly. ◼ Continue earnings improvement measures. Essential Chem
Slide 25: Outlook for FY2026 by Business Segment (3)
Outlook for FY2026 by Business Segment (3) Outlook for FY2026 Life Science ◼ Net sales of Small Molecule Pharmaceuticals and Agrochemicals CDMO are expected to increase driven by launch of an expanded facility. ◼ Biopharmaceuticals CDMO are expected to increase sales and improve productivity. ◼ Loss
Slide 26: Sales and Operating Profit Outlook of Strategic Businesses
Sales and Operating Profit Outlook of Strategic Businesses ◼ No change from the outlook announced in February 2026. Performance Trend of Strategic Businesses (100 Million JPY) Mobility Shipments are expected to increase. Operating profit Shipments of semiconductor-related Electronics materials inclu
Slide 27: Outlook of CAPEX, Depreciation and R&D
Outlook of CAPEX, Depreciation and R&D (From materials released in February 2026) ◼ Large-scale capacity expansions were completed by 2025, reducing CAPEX in 2026. (100 million JPY) FY2025 FY2026e FY2025 FY2026e FY2025 FY2026e CAPEX 2,513 1,900 Depreciation 1,798 1,830 R&D 603 620 Architectural Arch
Slide 28: Appendix
AGC Your Dreams, Our Challenge ©AGC Inc.
Slide 29: Sensitivity to FOREX / Market Impacts
Sensitivity to FOREX / Market Impacts (From materials released in February 2026) Impact on Operating Profit Exchange Crude Chemicals rate oil market 1 Caustic soda 500 million JPY* gain 260 million JPY* loss $1.3 million gain if the if per barrel price increased International market risen by $1 if y
Slide 30: Assumptions for Major Economies and Markets in 2026
Assumptions for Major Economies and Markets in 2026 (From materials released in February 2026, impact of Middle East Developments excluded) ◼ While some markets continue to face challenging conditions, the global economy is growing at a moderate pace Economies and Markets Assumptions for 2026 Busine
Slide 31: Variance Analysis on OP (1Q FY2026 vs 4Q FY2025)
Variance Analysis on OP (1Q FY2026 vs 4Q FY2025) 5.8 billion JPY up from last quarter （100 million JPY） ©AGC Inc. 31
Slide 32: YoY Performance Comparison by Regional Segments
YoY Performance Comparison by Regional Segments (100 million JPY) FY2025 FY2026 Change 1Q 1Q Net sales 4,996 5,380 + 384 FOREX impact Japan & Asia 3,150 3,310 + 159 +284 Americas 601 638 + 37 Change in the scope Europe 1,244 1,431 + 187 of consolidation Operating profit 258 385 + 126 -6 Japan & Asia
Slide 33: YoY Net Sales Comparison by Regional Segment
YoY Net Sales Comparison by Regional Segment (100 million JPY) Japan& Asia Americas Europe Inter-segment Total 1Q FY2026 345 67 706 2 1,120 Architectural Glass 1Q FY2025 346 74 611 10 1,040 1Q FY2026 664 303 410 1 1,376 Automotive 1Q FY2025 647 278 362 1 1,287 1Q FY2026 776 119 3 5 903 Electronics 1
Slide 34: Performance by Business Segment (1)
Performance by Business Segment (1) （100 million JPY） Architectural Glass 1Q FY2025 2Q FY2025 3Q FY2025 4Q FY2025 1Q FY2026 Net sales 1,040 1,068 1,100 1,203 1,120 Asia 346 361 390 438 345 Europe & Americas 685 703 705 761 773 (Inter-Segment) 10 4 5 4 2 Operating profit -9 42 68 72 47 Automotive 1Q
Slide 35: Performance by Business Segment (2)
Performance by Business Segment (2) （100 million JPY） Chemicals 1Q FY2025 2Q FY2025 3Q FY2025 4Q FY2025 1Q FY2026 Net sales 1,441 1,417 1,455 1,529 1,572 Integrated Chemicals 717 741 750 812 784 Essential Chemicals - SEA 712 666 695 701 784 (Inter-Segment) 12 10 9 16 4 Operating profit 111 115 171 1
Slide 36: Progress of performance by segment
Progress of performance by segment (100 million JPY) FY2026 FY2026e (b) Progress (a)/(b) 1Q (a) Operating Operating Operating Operating Operating Operating Net sales profit profit Net sales profit profit Net sales profit profit Architectural Glass 1,120 47 4,800 200 23% 23% Automotive 1,376 86 5,100
Slide 37: Market Trend
Market Trend Trend of shipment and price 2025 2026 1Q 2Q 3Q 4Q 1Q YoY comparision Architectural Japan & Asia shipment -mid single-digit -mid single-digit flat +low 10% range +low 10% range （AGC） price -mid single-digit -high single-digit -mid 10% range -low 10% range -low 10% range Europe*3 shipment
Slide 38: ROCE and EBITDA by Business Segment
ROCE and EBITDA by Business Segment （100 million JPY） Operating profit EBITDA* ROCE Operating assets FY2024 FY2025 FY2024 FY2025 FY2024 FY2025 FY2024 FY2025 Architectural Glass 164 173 413 435 5.5% 5.2% 3,000 3,300 Automotive 139 293 464 611 4.2% 8.5% 3,350 3,450 Electronics 545 475 1,076 971 9.2% 8
Slide 39: Financial Index
Financial Index IFRS 21/12 22/12 23/12 24/12 25/12 Net sales Million JPY 1,697,383 2,035,874 2,019,254 2,067,603 2,058,832 Operating profit Million JPY 206,168 183,942 128,779 125,835 127,465 OP margin % 12.1 9.0 6.4 6.1 6.2 Profit for the year attributable to owners of the Million JPY 123,840 ▲ 3,1
Slide 40: Chemical chain of the Chemicals Business
Chemical chain of the Chemicals Business (Business scope and Main products) ◼ Unique chemical chain formed over the past 100 years, starting from production of soda ash, a raw material for glass Specialty Iodine and iodine-related products Fluorine Chemicals*1 Natural gas Fluorite Fluoropolymers Chl
Slide 41: Disclaimer
Disclaimer: ◼ This material is solely for information purposes and should not be construed as a solicitation. Although this material (including the financial projections) has been prepared using information we currently believe reliable, AGC Inc. does not take responsibility for any errors and omiss