Slide 1: Financial Results for the Nine Months ended September 30, FY2025
Financial Results for the Nine Months ended September 30, FY2025 November 5, 2025 ©AGC Inc. 1
Slide 2: Contents
Contents Financial Results for the Nine Months ended September 30, 2025 P.4 1. Highlights of the Financial Results P.5 2. Status of Segments P.12 Outlook for FY2025 P.19 Organizational Changes P.27 Appendix P.30 ©AGC Inc. 2
Slide 3: Key Points
Key Points Financial Results for Net sales increase factors 3Q FY2025 (cumulative) (100 million JPY) (YoY) ◼ Product mix improvement and pricing policies effect in Automotive Net sales 15,121 (-221) ◼ Higher shipments and pricing policies effect in Performance Chemicals Pricing policies effect in Ar
Slide 4: Financial Results for the Nine Months ended September 30, FY2025
Financial Results for the Nine Months ended September 30, FY2025 ©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 3Q FY2025
Highlights of the Financial Results for 3Q FY2025 (cumulative) （100 million JPY） FY2024 FY2025 Change Main factors in the change 1-3Q Total 1-3Q Total ( + ) Increasing factors ( - ) Decreasing factors As stated in page 3 * Net sales 15,342 15,121 - 221 As stated in page 3 In addition to the above-me
Slide 7: YoY Performance Comparison by Business Segment
YoY Performance Comparison by Business Segment (100 million JPY) FY2024 FY2025 Change 1-3Q Total 1-3Q Total (a) (b) (b)-(a) Net sales Operating profit Net sales Operating profit Net sales Operating profit Architectural Glass 3,297 140 3,208 100 - 89 - 40 Automotive 3,750 114 3,856 234 + 106 + 120 El
Slide 8: Variance Analysis on OP
Variance Analysis on OP (1-3Q FY2025 vs 1-3Q FY2024) 0.8 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) 2024/12/31 2025/9/30 Change Cash and cash equivalents 1,080 997 - 83 Inventories 4,541 4,660 + 119 Property, plant Property, plant and equipment, and equipment, 16,529 16,750 + 221 Goodwill Goodwill andand Intangible Intangible assets as
Slide 10: Consolidated Statement of Cash Flow
Consolidated Statement of Cash Flow (100 million JPY) FY2024 FY2025 Effect of impairment loss 1-3Q Total 1-3Q Total +1,194 Profit before tax - 744 732 Depreciation and amortization 1,368 1,326 Effect of loss on sale of Increase(decrease) in working capital - 134 - 70 subsidiaries and associates not
Slide 11: CAPEX, Depreciation and R&D
CAPEX, Depreciation and R&D (100 million JPY) FY2024 FY2025 FY2024 FY2025 FY2024 FY2025 1-3Q Total 1-3Q Total 1-3Q Total 1-3Q Total 1-3Q Total 1-3Q Total CAPEX 1,791 1,741 Depreciation 1,368 1,326 R&D 450 441 Architectural Architectural Architectural Glass Glass 205 229 Architectural Glass Glass 188
Slide 12: 2. Status of Segments
2. Status of Segments ©AGC Inc. 12
Slide 13: Architectural Glass Segment
Architectural Glass Segment FY2024 FY2025 Change Variance Analysis on OP 1-3Q Total 1-3Q Total Net sales 3,297 3,208 - 89* （100 million JPY） Asia 1,135 1,097 - 38 Europe & Americas 2,144 2,092 - 52 (Inter-segment) 18 19 +1 Operating profit 140 100 - 40 * FOREX impact: -18, (100 million JPY) Change i
Slide 14: Automotive Segment
Automotive Segment FY2024 FY2025 Change Variance Analysis on OP 1-3Q Total 1-3Q Total Net sales 3,750 3,856 + 106* （100 million JPY） Automotive 3,749 3,854 + 106 (Inter-segment) 1 2 +0 Operating profit 114 234 + 120 * FOREX impact: -31, (100 million JPY) Change in the Scope of Consolidation: -10 Aut
Slide 15: Electronics Segment
Electronics Segment FY2024 FY2025 Change Variance Analysis on OP 1-3Q Total 1-3Q Total （100 million JPY） Net sales 2,668 2,597 - 71* Display 1,322 1,362 + 40 Electronic Materials 1,332 1,222 - 111 (Inter-segment) 14 13 -1 Operating profit 364 360 -4 * FOREX impact: +1, (100 million JPY) Change in th
Slide 16: Chemicals Segment
Chemicals Segment FY2024 FY2025 Change Variance Analysis on OP 1-3Q Total 1-3Q Total （100 million JPY） Net sales 4,394 4,313 - 81* Essential Chemicals 3,046 2,846 - 200 Performance Chemicals 1,321 1,436 + 114 (Inter-segment) 27 31 +5 Operating profit 446 397 - 50 * FOREX impact: +12, (100 million JP
Slide 17: Life Science Segment
Life Science Segment FY2024 FY2025 Change Variance Analysis on OP 1-3Q Total 1-3Q Total （100 million JPY） Net sales 1,000 961 - 39* Life Science 971 941 - 30 0 (Inter-segment) 29 20 -9 Operating profit -167 -162 +5 * FOREX impact: +1, (100 million JPY) Change in the Scope of Consolidation: No impact
Slide 18: Performance Contribution of Strategic Businesses
Performance Contribution of Strategic Businesses ◼ Net sales decreased YoY driven by temporary shipment slowdown of Electronics and the disappearance of one- off revenues associated with the settlement of contracted projects of Life Science although the sales of Performance Chemicals and Mobility in
Slide 19: Outlook for FY2025
Outlook for FY2025 ©AGC Inc. 19
Slide 20: Outlook for FY2025
Outlook for FY2025 ◼ No change from the latest outlook announcement. (100 million JPY) FY2024 FY2025e Net sales 20,676 20,500 （First half） 10,152 9,955 Operating profit 1,258 1,200 （First half） 567 540 Profit before tax - 501 970 Profit for the year attributable to owners of the parent - 940 570 Div
Slide 21: Outlook Breakdown by Segment (Net Sales and Operating Profit)
Outlook Breakdown by Segment (Net Sales and Operating Profit) (100 million JPY) FY2024 (a) FY2025e (b) Change (b)-(a) Operating Operating Operating Operating Operating Operating Net sales profit profit Net sales profit profit Net sales profit profit Architectural Glass 4,380 164 4,400 130 + 20 - 34
Slide 22: Outlook for 4Q FY2025 by Business Segment (1)
Outlook for 4Q FY2025 by Business Segment (1) Outlook for 4Q FY2025 (vs 3Q FY2025) Architectural Glass Automotive Electronics Asia ◼ Shipments are expected to increase in Display Japan while decrease in Europe and ◼ In Japan, shipments are expected to ◼ Shipments of LCD glass substrates are Americas
Slide 23: Outlook for 4Q FY2025 by Business Segment (2)
Outlook for 4Q FY2025 by Business Segment (2) Outlook for 4Q FY2025 (vs 3Q FY2025) Chemicals Life Science Essential Chemicals ◼ Sales of Small molecule pharmaceuticals and agrochemicals ◼ Despite regular facility maintenance in CDMO are expected to increase. Southeast Asia, shipments are expected to
Slide 24: Sales and Operating Profit Outlook of Strategic Businesses
Sales and Operating Profit Outlook of Strategic Businesses ◼ No change from the latest outlook announcement. Performance Trend of Strategic Businesses (100 Million JPY) Main products & businesses Mobility ◼ Cover glass for car-mounted displays Operating profit ◼ High value-added products for CASE El
Slide 25: Outlook of CAPEX, Depreciation and R&D
Outlook of CAPEX, Depreciation and R&D ◼ No change from the initial outlook announcement. (100 million JPY) FY2024 FY2025e FY2024 FY2025e FY2024 FY2025e CAPEX 2,575 2,400 Depreciation 1,813 1,870 R&D 618 620 Architectural Architectural Architectural Glass Glass 338 350 Architectural Glass Glass 249
Slide 26: Shareholder Return Policy
Shareholder Return Policy ◼ The company's shareholder return policy of paying a stable dividend with a target DOE* of approx. 3% remains unchanged. ◼ The dividend per share in 2025 is scheduled to be maintained at the same level as in 2024. Dividend Per Share（JPY） Special dividend Year-end dividend
Slide 27: Organizational Changes
Organizational Changes ©AGC Inc. 27
Slide 28: Organizational Change to Improve Profitability of the Chemicals Segment
Organizational Change to Improve Profitability of the Chemicals Segment 1 The entire chemical chain in Japan, from upstream (electrolysis) to downstream (performance chemicals products), will be integrated into a single SBU*1 in order to optimize the overall business and improve profitability. 2 The
Slide 29: Organizational Change to Accelerate Productivity Innovation
Organizational Change to Accelerate Productivity Innovation Accelerate Productivity Innovation across all Business Activities ◼ We will accelerate productivity innovation across all business activities—including manufacturing, sales, R&D, and management—by fully leveraging AI and other digital techn
Slide 30: Appendix
AGC Your Dreams, Our Challenge @AGC Inc.
Slide 31: Sensitivity to FOREX / Market Impacts
Sensitivity to FOREX / Market Impacts Impact on Operating Profit Exchange Crude Chemicals rate oil market 1 Caustic soda 700 million JPY* gain 260 million JPY* loss $1 million gain if the if per barrel price increased International market risen by $1 if yen depreciated by 1% by 1 dollar 2 PVC spread
Slide 32: Variance Analysis on OP (3Q FY2025 vs 2Q FY2025)
Variance Analysis on OP (3Q FY2025 vs 2Q FY2025) 12.6 billion JPY up from last quarter （100 million JPY） ©AGC Inc. 32
Slide 33: YoY Performance Comparison by Geographic Segment
YoY Performance Comparison by Geographic Segment (cumulative) (100 million JPY) FY2024 FY2025 Change 1-3Q Total 1-3Q Total Net sales 15,342 15,121 - 221 FOREX impact Japan & Asia 9,658 9,512 - 146 -39 Americas 1,944 1,829 - 114 Change in the scope of Europe 3,741 3,780 + 39 consolidation Operating p
Slide 34: YoY Net Sales Comparison by Geographic Segment
YoY Net Sales Comparison by Geographic Segment (100 million JPY) Japan& Asia Americas Europe Inter-segment Total 3Q FY2025 390 78 626 5 1,100 Architectural Glass 3Q FY2024 397 77 571 6 1,050 3Q FY2025 643 303 352 1 1,299 Automotive 3Q FY2024 634 259 338 1 1,231 3Q FY2025 802 107 2 4 915 Electronics
Slide 35: YoY Net Sales Comparison by Geographic Segment (cumulative)
YoY Net Sales Comparison by Geographic Segment (cumulative) (100 million JPY) Japan& Asia Americas Europe Inter-segment Total 1-3Q FY2025 1,097 222 1,870 19 3,208 Architectural Glass 1-3Q FY2024 1,135 220 1,924 18 3,297 1-3Q FY2025 1,913 863 1,079 2 3,856 Automotive 1-3Q FY2024 1,825 836 1,087 1 3,7
Slide 36: Performance by Business Segment (1)
Performance by Business Segment (1) （100 million JPY） Architectural Glass 1Q FY2024 2Q FY2024 3Q FY2024 4Q FY2024 1Q FY2025 2Q FY2025 3Q FY2025 Net sales 1,103 1,144 1,050 1,083 1,040 1,068 1,100 Asia 352 386 397 444 346 361 390 Europe & Americas 746 750 648 632 685 703 705 (Inter-Segment) 5 8 6 6 1
Slide 37: Performance by Business Segment (2)
Performance by Business Segment (2) （100 million JPY） Chemicals 1Q FY2024 2Q FY2024 3Q FY2024 4Q FY2024 1Q FY2025 2Q FY2025 3Q FY2025 Net sales 1,436 1,468 1,490 1,542 1,441 1,417 1,455 Essential Chemicals 1,005 1,006 1,034 1,072 979 912 956 Performance Chemicals 421 453 447 458 451 496 489 (Inter-S
Slide 38: Market Trend
Market Trend Trend of shipment and price 2024 2025 1Q 2Q 3Q 4Q 1Q 2Q 3Q YoY comparision Architectural Japan & Asia shipment -mid 10% range +high single-digit +low single-digit -mid single-digit -mid single-digit -mid single-digit flat （AGC） price +mid single-digit -mid single-digit -mid single-digit
Slide 39: ROCE and EBITDA by Segment
ROCE and EBITDA by Segment （100 million JPY） Operating profit EBITDA* ROCE Operating assets FY2023 FY2024 FY2023 FY2024 FY2023 FY2024 FY2023 FY2024 Architectural Glass 328 164 572 413 10.6% 5.5% 3,100 3,000 Automotive 218 139 537 464 6.4% 4.2% 3,400 3,350 Electronics 184 545 715 1,076 3.1% 9.2% 6,00
Slide 40: Financial Index
Financial Index IFRS 20/12 21/12 22/12 23/12 24/12 Net sales Million JPY 1,412,306 1,697,383 2,035,874 2,019,254 2,067,603 Operating profit Million JPY 75,780 206,168 183,942 128,779 125,835 OP margin % 5.4 12.1 9.0 6.4 6.1 Profit for the year attributable to owners of the Million JPY 32,715 123,840
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