Q2 2019 AGC Inc Earnings Presentation Transcript

Jul 30, 2019 / 07:30AM GMT
Presentation
Jul 30, 2019 / 07:30AM GMT

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Corporate Participants
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* Shinji Miyaji
AGC Inc. - CFO, CCO, GM of Corporate Planning General Division & Director

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Shinji Miyaji - AGC Inc. - CFO, CCO, GM of Corporate Planning General Division & Director

Good evening. This is Shinji Miyaji, the CFO. I would like to go over the financial results for the 6 months ended June 30, 2019.

Please turn to Slide 5. Here, you can see the highlights of the financial results for the first and second quarters. Net sales were JPY 737.5 billion, down JPY 8 billion year-on-year. But this included the adverse impact of exchange rates totaling JPY 10.6 billion, without which sales were actually up year-on-year. This is thanks to such positives as an increase in the number of contracts in biopharmaceuticals and shipments of specialty glass for display applications, and the effect of newly consolidated subsidiaries, which offset such negatives as price declines for LCD glass substrates and caustic soda in

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