- AGC revised its full-year operating income forecast to 120 billion yen, down from the previously expected 150 billion yen, and below the market estimate of 140.22 billion yen.
- The company now anticipates a net income of 57 billion yen, reduced from the earlier projection of 80 billion yen and lower than the expected 72.12 billion yen.
- AGC adjusted its net sales forecast to 2.05 trillion yen, down from 2.15 trillion yen, with the market having predicted 2.12 trillion yen.
- Despite adjustments, AGC plans to maintain a dividend of 210 yen, meeting market expectations.
- First half results highlight a significant drop in architectural glass operating profit by 68% year-over-year, bringing it to 3.24 billion yen.
- In contrast, automotive operating income rose by 43% year-over-year, reaching 15.12 billion yen.
- Electronics operating profit also saw a rise, increasing by 22% year-over-year to 24.42 billion yen.
- Second quarter results show operating income declined by 13% year-over-year to 28.18 billion yen, missing estimates of 34.63 billion yen.
- Net income for the second quarter improved significantly, swinging from a loss of 93.55 billion yen in the previous year to a profit of 7.26 billion yen.
- Net sales for the second quarter were down 4% year-over-year at 495.89 billion yen, short of the estimated 529.81 billion yen.
- Following these announcements, AGC shares fell by 3% to 4,410 yen, with 1.18 million shares traded.
- Analyst recommendations for AGC include 5 buys, 6 holds, and no sells.
A look at AGC Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
AGC Inc, a leading manufacturer of glass products, is positioned favorably for the long term based on its Smartkarma Smart Scores. With top scores in both Value and Dividend, AGC Inc showcases strong fundamentals and a commitment to rewarding investors. While the scores for Growth, Resilience, and Momentum are not as high, the company’s solid foundation and financial stability offer confidence in its ability to weather market volatility and generate consistent returns over time.
AGC Inc‘s diverse product portfolio, which includes glass for construction, LCD, and automotive purposes, along with its production of electronic parts, fine chemicals, and new ceramics, underscores its resilience and adaptability in various industries. The combination of high Value and Dividend scores suggests a strong potential for steady growth and income for investors looking for a reliable long-term investment option.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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