AGC announced that Murano Tadayuki (村野忠之) will become its new CEO on 1 January 2027. It also disclosed a downward revision to its operating profit forecast in its results for the nine months ended December 2026, outlining plans to rebuild its core businesses and review its business portfolio.
AGC announced on 5 November that Murano Tadayuki (村野忠之), Senior Executive Officer, will become President and CEO on 1 January 2027 and will become a Representative Director following approval at the annual general meeting of shareholders and a Board of Directors resolution in late March. President Hirai Yoshinori (平井良典) will change from Representative Director, President to Representative Director, Chairman on the same date. This means that the company announced downward revisions to its earnings forecasts and a change in top management on the same day.
AGC's results for the cumulative nine months of the fiscal year ending December 2026, released the same day, showed revenue of ¥1.6626 trillion, up 10.0% year on year, and operating profit of ¥92.9 billion, down 2.1%, resulting in higher revenue but lower profit. Foreign-exchange translation effects and increased shipments pushed up revenue, while higher raw material and fuel costs and increased manufacturing costs in Europe and the United States weighed on profit.
By segment, the Automotive business posted revenue of ¥417.6 billion and operating profit of ¥15.4 billion. Revenue was solid, rising 8.3%, but profit deteriorated sharply, falling 34.1%. Chemicals reported revenue of ¥515.7 billion and operating profit of ¥43.7 billion, with both increasing. Electronics posted revenue of ¥270.8 billion and operating profit of ¥33.9 billion, with profit declining. Architectural Glass reported revenue of ¥337.2 billion and operating profit of ¥9.4 billion, also representing lower profit. Life Science posted revenue of ¥100.2 billion, while its loss improved by ¥3.6 billion from the previous period to ¥12.6 billion.
The full-year revenue forecast was left unchanged at ¥2.2 trillion, up 6.9% year on year, while the operating profit forecast was cut by ¥30 billion, from the previous ¥150 billion to ¥120 billion. Forecasts for pretax profit, net profit and net profit attributable to owners of the parent were also significantly reduced, and substantial declines from the previous fiscal year's results are expected. Higher costs and changes in the demand environment are expected to affect the second half. The dividend forecast was left unchanged at ¥210 per share.