AGC's automotive revenues in Q1 fiscal year 2025 up 3.7% YOY
The company's financial report confirms stable consolidation, unchanged accounting policies and consistent forecasts for fiscal year 2025
AGC Inc., formerly Asahi Glass Co., has announced its financial results for the three months ended March 31, 2025. Net sales amounted to ¥499.6 billion ($3.4 billion), up ¥0.8 billion, or a 0.2% increase year over year. Operating profit increased by ¥1.7 billion, or 7.0%, to ¥25.8 billion owing to the effects of measures to improve profitability, despite cost deterioration factors such as higher raw materials and fuel prices. Profit before tax for the period increased ¥23.3 billion to ¥17.0 billion. Profit attributable to owners of the parent company increased ¥27.6 billion to ¥6.6 billion.
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