May 08, 2019 / 07:00AM GMT
Presentation
May 08, 2019 / 07:00AM GMT
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Corporate Participants
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* Shinji Miyaji
AGC Inc. - CFO, GM of Corporate Planning Div, GM of Export Compliance Control Directorate & Director
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Shinji Miyaji - AGC Inc. - CFO, GM of Corporate Planning Div, GM of Export Compliance Control Directorate & Director
[Interpreted] This is Shinji Miyaji, the CFO, to brief you on the financial results for the 3 months ended March 31, 2019. Please turn to Page 5.
These are the highlights of the financial results for the first quarter of 2019. Net sales were JPY 361.6 billion, down JPY 10.8 billion year-on-year, mainly due to the decline in selling prices of LCD glass substrates and caustic soda in Southeast Asia, decreased shipments of automotive glass and the impact of the depreciation of the euro.
Operating profit was JPY 20.9 billion, down JPY 9.8 billion year-on-year. This was mainly due to the decrease in selling price of LCD glass substrates and an increase in depreciation
Q1 2019 AGC Inc Earnings Presentation Transcript
May 08, 2019
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