To Our Shareholders

We will accelerate initiatives for business transformation and improve earnings looking ahead to a post-COVID-19 world.

Takuya Shimamura Representative Director, President and CEO

I would like to express my deepest condolences and sympathies to those affected by COVID-19, and my sincere appreciation to all those who are working on the prevention and providing medical treatment.

Looking back on our performance in the first half of fiscal 2020, we recorded a decrease in both sales and profit due to a decline in demand in our Glass business from the impact of the COVID-19 pandemic and a drop in sales prices for chlor-alkali products in our Chemicals business. AGC’s response to COVID-19 will include rebuilding our manufacturing system in the Glass business to match demand trends and push forward with our transformation toward a business portfolio that is not swayed by economic trends by continuing to invest intensively in strategic businesses with growth potential.

In addition, we will aggressively advance digital transformation (DX) and innovate our businesses to position ourselves for a post-COVID-19 world. Although our earnings in the first half of the fiscal year were as I described above, we have set an interim dividend of 60 JPY per share. We intend to decide the year-end dividend after considering the future business environment and earnings outlook. We thank you for your understanding.

September 2020
Takuya Shimamura
Representative Director,
President and CEO