AGC Revises First Half and Fiscal Year 2015 Financial Forecasts
In light of recent performance trends, Asahi Glass Co., Ltd. (AGC) has revised its previously released consolidated financial forecasts for the first half and full fiscal year ending December 31, 2015. Regarding the first half of fiscal year 2015, net sales are expected to fall 6.4% below the previous forecast due to the weak euro and sales price declines in some chemicals products that are susceptible to changes in raw materials prices.
On the other hand, operating profit is expected to exceed the previous forecast, mainly because the prices of fuels and raw materials fell below the initial expectation. In addition, the glass business in the Americas region has improved. Consequently, the company’s full fiscal year forecast has been revised downward in net sales (by 4.6%) and upward in operating profit (by 12.9%).
Additional details are available at www.agc.com.