To Our Shareholders
AGC is committed to achieving its AGC plus management goals and responding to the expectations of our shareholders.
In fiscal 2016, the AGC Group’s net sales declined from a year ago, due to the appreciation of the Japanese yen and other factors. Meanwhile, operating profit increased for the second consecutive fiscal year, owing to increased shipments of automotive glass and chemicals, higher selling prices for architectural glass, and cost reductions resulting largely from declines in raw material and fuel costs. The year-end dividend was 9 yen per share as forecast at the beginning of the year, bringing the full-year dividend to 18 yen per share. Considering our earnings forecasts for fiscal 2017, we are setting our interim dividend forecast at 10 yen per share, and we forecast a full-year dividend of 20 yen per share (prior to adjustments for a reverse stock split to be implemented on July 1, 2017). All of us at AGC, both directors and employees, are committed to working as one toward achieving the management goals of AGC plus, as we strive to meet the expectations of our shareholders. On behalf of the AGC Group, I would like to express my sincerest appreciation for your continued support.
President and CEO