Agc Inc Unsp/Adr (ASGLY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

It is time, so 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 Industrial Relations, serving as moderator. Today's attendees are Shinji Miyagi, 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 Miyagi to start his presentation. Thank you. This is Shinji Miyagi, the CFO. Please turn to page 3. The highlights. Net sales for the first nine months totaled ¥1,512.1 billion, down ¥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 94.8 billion, up 0.8 billion on effects of profit improvement measures and 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 145.9 billion at 39.5 billion yen due to the aforementioned positive factors and the non-recurrence of last year's loss and sale of shares related to the Russian business transfer and large impairment losses in biopharmaceutical CDMO. Operating profit for th...