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1©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow Financial Results for FY2025 February 6, 2026
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2©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow Financial Results for FY2025 P .4 1. Highlights of the Financial Results P .5 2. Status of Segments P .12 Outlook for FY2026 P .19 Appendix P .27 Contents
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3©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow Key Points of FY2025 Results and FY2026 Outlook Financial Results for FY2025 ◼ Net sales were flat and operating profit rose slightly compared with the previous year. Improvement of Automotive contributed the operating profit increase ◼ Profit for the period attributable to owners of the parent improved significantly ◼ ROE improved to 4.7% Outlook for FY2026 ◼ Operating profit is expected to increase, driven by a recovery in Life Science ◼ Profit for the period attributable to owners of the parent is also expected to improve ◼ ROE is expected to improve to 5.2%
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4©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow Financial Results for FY2025
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5©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow 1. Highlights of the Financial Results
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6©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow FY2024 FY2025 Full-year Full-year 20,676 20,588 - 88 1,258 1,275 + 16 - 501 1,248 + 1,748 - 940 692 + 1,632 FOREX (Average) 1USD JPY 151.6 JPY 149.7 1EUR JPY 163.9 JPY 169.0 Crude oil (Dubai, Average) USD/BBL 79.61 69.44 Net sales Operating profit Profit before tax Profit for the period Attributable to owners of the parent Change * FOREX impact was +154, Change in the scope of consolidation was -51 * Highlights of the Financial Results for FY2025 （100 million JPY） Main factors in the change Net sales increase factors ◼ Product mix improvement and pricing policies effect in Automotive ◼ Pricing policies effect and higher shipments in Performance Chemicals ◼ Pricing policies effect in Architectural Glass in Europe & Americas Net sales decrease factors ◼ Lower sales prices of PVC ◼ Decrease in shipments of EUV mask blanks in Electronic Materials ◼ Lower sales prices in Architectural Glass in Asia In addition to the above-mentioned factors, Profit increase factors ◼ Realization of earnings improvement measures in Display etc. Profit decrease factors ◼ Higher raw materials and fuel prices and deteriorations in manufacturing costs etc. In addition to the above-mentioned factors, Profit increase factors ◼ Disappearance of losses on sale of shares of subsidiaries and associates incurred in connection with the transfer of the Russian business and impairment losses related to Biopharmaceuticals CDMO booked in the previous year Profit decrease factors ◼ Decrease in recognition of foreign exchange profits
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7©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow (100 million JPY) Net sales Operating profit Net sales Operating profit Architectural Glass 4,380 164 4,411 173 + 32 + 9 Automotive 4,988 139 5,206 293 + 218 + 153 Electronics 3,645 545 3,551 475 - 95 - 69 Chemicals 5,936 568 5,842 530 - 94 - 37 Life Science 1,412 - 212 1,331 - 223 - 81 - 11 Ceramics/Other 791 51 599 26 - 192 - 25 Elimination - 477 4 - 351 1 + 126 - 3 Total 20,676 1,258 20,588 1,275 - 88 + 16 Net sales Operating profit FY2024 FY2025 Change Full-year Full-year (a) (b) (b)-(a) YoY Performance Comparison by Business Segment
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8©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow 1.6 billion JPY up from last year Variance Analysis on OP (FY2025 vs FY2024) （100 million JPY）
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9©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow (100 million JPY) 2024/12/31 2025/12/31 Change Cash and cash equivalents 1,080 947 - 133 Inventories 4,541 4,654 + 113 Property, plant and equipment, Goodwill and Intangible assets 16,529 17,604 + 1,075 Other assets 6,746 6,296 - 450 Total assets 28,897 29,501 + 604 Interest-bearing debt 6,497 6,465 - 33 Other liabilities 5,682 5,719 + 37 Liabilities 12,180 12,184 + 4 Total equity attributable to owners of the parent 14,358 14,851 + 493 Non-controlling interests 2,359 2,466 + 107 Equity 16,717 17,317 + 600 Total liabilities and equity 28,897 29,501 + 604 D/E ratio 0.39 0.37 Property, plant and equipment, Goodwill and Intangible assets Consolidated Statement of Financial Position Foreign exchange fluctuation +399 Foreign exchange fluctuation +1,017
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10©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow (100 million JPY) FY2024 FY2025 Full-year Full-year Profit before tax - 501 1,248 Depreciation and amortization 1,813 1,798 Increase(decrease) in working capital 94 220 Others 1,442 - 521 Cash flows from operating activities 2,848 2,745 Cash flows from investing activities - 1,956 - 1,784 Free cash flows 892 961 Changes in interest-bearing debt - 790 - 632 Dividends paid - 446 - 446 Others - 84 - 62 Cash flows from financing activities - 1,319 - 1,141 46 47 - 381 - 133Net increase(decrease) in cash and cash equivalents Effect of exchange rate changes on cash and cash equivalents etc. Consolidated Statement of Cash Flow Effect of impairment loss +1,248 Effect of loss on sale of subsidiaries and associates not accompanying cash outflow +365 Cash inflow effect from sale of subsidiaries and associates +221 *2 *1 *1 *2
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11©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow FY2024 FY2025 Full-year Full-year Depreciation 1,813 1,798 Architectural Glass 249 262 Automotive 324 318 Electronics 532 496 Chemicals 535 554 Life Science 157 153 Ceramics/Other 18 17 Elimination - 2 - 1 Architectural Glass FY2024 FY2025 Full-year Full-year CAPEX 2,575 2,513 Architectural Glass 338 331 Automotive 355 431 Electronics 406 529 Chemicals 1,082 902 Life Science 358 281 Ceramics/Other 37 39 Elimination - 0 - 0 Architectural Glass (100 million JPY) FY2024 FY2025 Full-year Full-year R&D 618 603 CAPEX, Depreciation and R&D FY2025 Main projects for CAPEX ◼ Capacity enhancement for Electronic Materials (Electronics) ◼ Capacity enhancement for chlor-alkali products in Southeast Asia (Chemicals) ◼ Capacity enhancement for fluorine-related products (Chemicals) ◼ Capacity enhancement for Biopharmaceuticals CDMO and Small molecule pharmaceuticals CDMO (Life Science) etc.
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12©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow 2. Status of Segments
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13©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow Net sales ◼ In Asia, shipments decreased, and sales prices declined in Indonesia and other regions. ◼ In Europe & Americas, the positive effects of pricing policies and yen depreciation were seen, despite lower shipments in Europe and the negative impact from the transfer of the Russian business in February of the previous year. Operating profit ◼ The above-mentioned positive drivers contributed to overall results despite the higher costs, including labor costs. FY2024 FY2025 Full-year Full-year Net sales 4,380 4,411 + 32 Asia 1,579 1,535 - 44 Europe & Americas 2,777 2,853 + 76 (Inter-segment) 24 23 - 1 Operating profit 164 173 + 9 (100 million JPY) Change Architectural Glass Segment * FOREX impact: +53, Change in the Scope of Consolidation: -41 Variance Analysis on OP Sub-segment ratio to the operating profit (before common expense allocation) （100 million JPY） Asia Europe & Americas * 20% 80% 50% 50% FY2024 FY2025
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14©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow FY2024 FY2025 Full-year Full-year Net sales 4,988 5,206 + 218 Automotive 4,986 5,203 + 218 (Inter-segment) 2 3 + 0 Operating profit 139 293 + 153 (100 million JPY) Change Automotive Segment Variance Analysis on OP （100 million JPY） * FOREX impact: +21, Change in the Scope of Consolidation: -10 * Net sales ◼ Shipments increased in Japan while decreased in Europe. ◼ Product mix improvements and pricing policies effects, as well as the positive impact of yen depreciation contributed to net sales increase. Operating profit ◼ The above-mentioned positive drivers contributed to overall results despite the higher costs, including higher raw materials, fuel and labor costs.
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15©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow FY2024 FY2025 Full-year Full-year Net sales 3,645 3,551 - 95 Display 1,792 1,847 + 55 Electronic Materials 1,836 1,685 - 151 (Inter-segment) 18 18 + 0 Operating profit 545 475 - 69 (100 million JPY) Change Electronics Segment Variance Analysis on OP Electronic Materials DisplaySub-segment ratio to the operating profit (before common expense allocation) （100 million JPY） * FOREX impact: +14, Change in the Scope of Consolidation: No impact * 20% 80% 30% FY2024 FY2025 70% Net sales ◼ In Display, shipments of LCD glass substrates increased. ◼ In Electronic Materials, Optoelectronics were in a transition phase toward further enhancement of functionality. Shipments of EUV mask blanks decreased. Operating profit ◼ In addition to the above-mentioned negative drivers, expenses related to decision to exit business in Specialty Glass for Chemical Strengthening were recorded.
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16©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow FY2024 FY2025 Full-year Full-year Net sales 5,936 5,842 - 94 Essential Chemicals 4,118 3,834 - 284 Performance Chemicals 1,780 1,961 + 182 (Inter-segment) 39 47 + 8 Operating profit 568 530 - 37 (100 million JPY) Change Chemicals Segment Variance Analysis on OP Sub-segment ratio to the operating profit (before common expense allocation) （100 million JPY） Essential Chemicals Performance Chemicals * FOREX impact: +44, Change in the Scope of Consolidation: No impact * Net sales ◼ In Essential Chemicals, sales price of PVC decreased. ◼ In Performance Chemicals, pricing policies effects and higher shipments of fluorine-related products for electronics and mobility applications contributed to the net sales increase Operating profit ◼ In addition to the above-mentioned negative drivers, there were deteriorations in manufacturing costs due to facility repairs, etc. 20% 40% 60% FY2024 FY2025 80%
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17©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow Net sales ◼ Net sales of Small Molecule Pharmaceuticals and Agrochemicals CDMO remained steady. ◼ Net sales of Biopharmaceuticals CDMO were affected by disappearance of one-off revenues associated with the settlement of contracted projects booked in the previous year and the negative impact of the closure of US Colorado sites. FY2024 FY2025 Full-year Full-year Net sales 1,412 1,331 - 81 Life Science 1,373 1,294 - 79 (Inter-segment) 39 37 - 2 Operating profit -212 -223 - 11 (100 million JPY) Change Life Science Segment Variance Analysis on OP 0 （100 million JPY） * FOREX impact: +24, Change in the Scope of Consolidation: No impact * Operating profit ◼ Although fixed cost reduction measures taken at the Biopharmaceuticals CDMO in the United States have shown positive effects, fixed costs increased due to the facility expansion in Europe which started operation in the previous year, in addition to above-mentioned factors contributing to the decline in net sales.
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18©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow (100 million JPY)Performance Trend of Strategic Businesses Operating profit Performance Contribution of Strategic Businesses ◼ Overall operating profit decreased YoY due to decreased shipments of Electronics and decreased net sales of Life Science although net sales of Performance Chemicals and Mobility increased Net sales Shipments of high value-added products such as light control glass and low-emissivity glass increased. Mobility Net sales decreased due to temporary slowdown of shipments of semiconductor- related products. Electronics Shipments of fluorine-related products for electronics and mobility applications increased. Performance Chemicals Net sales decreased due to disappearance of one-off revenues associated with the settlement of contracted projects booked in the previous year and the closure of US Colorado sites. Life Science
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19©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow Outlook for FY2026
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20©AGC Inc. 【色の設定について】 下の色からスポイトで拾ってください。 プライマリーカラー セカンダリーカラー 【汎用】 【アクセント】 セグメント Automotive Life Science 電子 化学品 Architectural Glass セラミックス・その他 戦略事業 エレクトロ ニクス ライフ サイエンス パフォーマンス ケミカルズモビリティ ※セラミックス・その他の文字色はプライマリーカラーの紺色 ←白地・薄い地色の場合の 文字の色 高 低 選 択 の 優 先 順 位 Assumptions for Major Economies and Markets in 2026 ◼ While some markets continue to face challenging conditions, the global economy is growing at a moderate pace Economies and Markets Assumptions for 2026 Businesses Particularly Affected Global Economy Moderate growth is underpinned by expanding AI-related investments and easing financial conditions All businesses（＋－） European Economy Economic stagnation continues Architectural Glass and Automotive（－） Chinese Economy Economic stagnation continues Essential Chemicals - SEA（－） US Economy Economic continues to be strong Electronics（＋） Automobile Market Demand growth for high-functional products continues despite weaker automobile production Automotive（＋－） Caustic Soda and PVC Market Caustic soda and PVC prices in Southeast Asia remain low Essential Chemicals - SEA（－） Semiconductor Market Semiconductor market grows driven by AI-related demand Electronics and Performance Chemicals（＋） Smartphone Market Demand growth for high-functional products continues while smartphone production remains flat Electronics（＋） TV Market Demand growth for larger-size TV screen continues while TV sales volume remains flat Display（＋） Biopharmaceuticals CDMO Market On a gradual recovery track Life Science（＋）
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21©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow (100 million JPY) 20,588 22,000 （First half） 9,955 10,700 1,275 1,500 （First half） 540 600 1,248 1,240 Dividend (JPY/share) 210 210 Operating profit margin 6.2% 6.8% ROE 4.7% 5.2% FOREX (Average) 1 USD JPY 149.7 JPY 155.0 1 EUR JPY 169.0 JPY 180.0 Crude oil (Dubai, Average) USD/BBL 69.4 70.0 Profit before tax Profit for the year attributable to owners of the parent FY2026e Net sales Operating profit FY2025 770692 ◼ Despite a challenging business environment, net sales and operating profit will increase ◼ ROE will improve to 5.2% * ROE of FY2026e is calculated using the figures of Total equity attributable to owners of the parent as of Dec. 31, 2025 Outlook for FY2026
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22©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow (100 million JPY) Net sales Operating profit Net sales Operating profit Net sales Operating profit 4,411 173 4,800 200 + 389 + 27 5,206 293 5,100 320 - 106 + 27 3,551 475 3,600 450 + 49 - 25 5,842 530 6,800 560 + 958 + 30 1,331 - 223 1,600 - 50 + 269 + 173 Ceramics/Other 599 26 600 20 + 1 - 6 Elimination - 351 1 - 500 0 - 149 - 1 20,588 1,275 22,000 1,500 + 1,412 + 225 FY2025 (a) Change (b)-(a)FY2026e (b) Life Science Total Architectural Glass Automotive Electronics Chemicals Operating profit Operating profit Operating profit Outlook Breakdown by Segment (Net Sales and Operating Profit) ◼ Improvements in Life Science will contribute to overall net sales and operating profit growth
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23©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow Outlook for FY2026 by Business Segment (1) Architectural Glass ElectronicsAutomotive Asia ◼ Recovery in shipments is expected to be limited due to the sluggish economy in Europe. ◼ Strive to maintain price levels and cost control. Europe & Americas ◼ Shipments are expected to increase driven by demand recovery in Thailand and Indonesia. ◼ Continue to work on pricing policies and productivity improvement. Display Electronic Materials ◼ Shipments of semiconductor-related materials including EUV mask blanks are expected to increase. ◼ Shipments of optoelectronic materials are expected to be at the same level as the previous year. ◼ Shipments of LCD glass substrates are expected to decrease slightly. ◼ Continue earnings improvement measures. ◼ Shipments are expected to decrease due to lower automobile production. ◼ Continue product mix improvements and working on pricing policies, as well as structural reforms and productivity improvements. Outlook for FY2026 (vs FY2025)
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24©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow Outlook for FY2026 by Business Segment (2) Chemicals Life Science ◼ Shipments are expected to increase as full-scale production begins at the expanded facility in Thailand. Essential Chemicals - SEA ◼ Net sales of Small Molecule Pharmaceuticals and Agrochemicals CDMO are expected to increase driven by launch of an expanded facility. ◼ Losses of Biopharmaceuticals CDMO are expected to improve significantly driven by increased sales and positive impact from the closure of Colorado sites. Integrated Chemicals Outlook for FY2026 (vs FY2025) ◼ Shipments of fluorine-related products for electronics application and chlor- alkali and urethan products are expected to increase.
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25©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow Operating profit Net sales ◼ Overall net sales and operating profit are expected to improve YoY driven by sales increase in all strategic businesses ◼ Improvement of operating profit is expected to be driven by Life Science (100 Million JPY)Performance Trend of Strategic Businesses Sales and Operating Profit Outlook of Strategic Businesses Shipments of high value-added products are expected to increase.Mobility Shipments of semiconductor-related materials including EUV mask blanks are expected to increase. Electronics Shipments of fluorine-related products for electronics application are expected to increase. Performance Chemicals In addition to increased contract projects of Biopharmaceuticals CDMO, an expanded facility of Small Molecule Pharmaceuticals and Agrochemicals CDMO will start operation. Life Science
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26©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow FY2025 FY2026e Depreciation 1,798 1,830 Architectural Glass 262 260 Automotive 318 290 Electronics 496 480 Chemicals 554 640 Life Science 153 140 Ceramics/Other 17 20 Elimination - 1 0 Architectural Glass FY2025 FY2026e CAPEX 2,513 1,900 Architectural Glass 331 270 Automotive 431 330 Electronics 529 470 Chemicals 902 480 Life Science 281 330 Ceramics/Other 39 20 Elimination - 0 0 Architectural Glass (100 million JPY) FY2025 FY2026e R&D 603 620 ◼ Repairment for architectural glass furnace (Architectural Glass) ◼ Capacity expansion for glass processing line (Automotive) ◼ Repairment for display glass furnace (Electronics) Outlook of CAPEX, Depreciation and R&D FY2025 Main projects for CAPEX ◼ Capacity enhancement for Electronic Materials (Electronics) ◼ Capacity enhancement for fluorine-related products (Chemicals) ◼ Capacity enhancement for Biopharmaceuticals CDMO (Life Science) etc. ◼ Large-scale capacity expansion investments completed in 2025, capital expenditure slow down in 2026
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27©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow Appendix
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28©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow Sensitivity to FOREX / Market Impacts Impact on Operating Profit Crude oil Chemicals market 260 million JPY* loss if per barrel price increased by 1 dollar Caustic soda 500 million JPY* gain if yen depreciated by 1% *Impact when all currencies fluctuate at the same proportion against JPY *excluding impact of oil hedging *PVC spread: PVC market – (ethylene market×0.5) PVC spread 1 2 $1.3 million gain if the International market risen by $1 $1.7 million gain* if increased by $1 Exchange rate
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29©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow Variance Analysis on OP (4Q FY2025 vs 3Q FY2025) 8.2 billion JPY down from last quarter （100 million JPY）
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30©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow (100 million JPY) FY2024 FY2025 Full-year Full-year 20,676 20,588 - 88 Japan & Asia 13,181 12,990 - 191 Americas 2,569 2,440 - 129 Europe 4,926 5,158 + 232 1,258 1,275 + 16 Japan & Asia 1,817 1,689 - 128 Americas - 138 - 27 + 111 Europe 89 96 + 7 - 510 - 484 + 27 Operating profit Change Cross-regional common expenses Net sales Cross-regional common expenses YoY Performance Comparison by Regional Segments FOREX impact +154 Change in the scope of consolidation -51
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31©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow (100 million JPY) Japan& Asia Americas Europe Inter-segment Total 4Q FY2025 438 76 685 4 1,203 4Q FY2024 444 67 565 6 1,083 4Q FY2025 692 283 373 1 1,350 4Q FY2024 665 260 312 1 1,238 4Q FY2025 827 119 2 5 954 4Q FY2024 831 138 3 4 977 4Q FY2025 1,348 89 76 16 1,529 4Q FY2024 1,399 78 53 12 1,542 4Q FY2025 68 44 242 16 369 4Q FY2024 62 81 260 10 412 4Q FY2025 104 - - 75 180 4Q FY2024 121 - -7 55 170 4Q FY2025 - - - - 117 - 117 4Q FY2024 - - - - 88 - 88 4Q FY2025 3,478 611 1,378 - 5,467 4Q FY2024 3,523 625 1,186 - 5,334 Elimination Total Chemicals Life Science Ceramics/Other Electronics Automotive Architectural Glass YoY Net Sales Comparison by Regional Segment
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32©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow (100 million JPY) Japan& Asia Americas Europe Inter-segment Total FY2025 1,535 298 2,555 23 4,411 FY2024 1,579 288 2,489 24 4,380 FY2025 2,605 1,146 1,452 3 5,206 FY2024 2,490 1,097 1,399 2 4,988 FY2025 3,057 465 10 18 3,551 FY2024 3,096 522 9 18 3,645 FY2025 5,146 345 304 47 5,842 FY2024 5,324 324 250 39 5,936 FY2025 270 186 838 37 1,331 FY2024 255 339 780 39 1,412 FY2025 376 - - 223 599 FY2024 436 - - 355 791 FY2025 - - - - 351 - 351 FY2024 - - - - 477 - 477 FY2025 12,990 2,440 5,158 - 20,588 FY2024 13,181 2,569 4,926 - 20,676 Elimination Total Electronics Chemicals Life Science Ceramics/Other Architectural Glass Automotive YoY Net Sales Comparison by Regional Segment (cumulative)
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33©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow Architectural Glass 1Q FY2024 2Q FY2024 3Q FY2024 4Q FY2024 1Q FY2025 2Q FY2025 3Q FY2025 4Q FY2025 Net sales 1,103 1,144 1,050 1,083 1,040 1,068 1,100 1,203 Asia 352 386 397 444 346 361 390 438 Europe & Americas 746 750 648 632 685 703 705 761 (Inter-Segment) 5 8 6 6 10 4 5 4 Operating profit 42 60 38 24 - 9 42 68 72 Automotive 1Q FY2024 2Q FY2024 3Q FY2024 4Q FY2024 1Q FY2025 2Q FY2025 3Q FY2025 4Q FY2025 Net sales 1,242 1,277 1,231 1,238 1,287 1,269 1,299 1,350 Automotive 1,240 1,278 1,231 1,237 1,287 1,269 1,299 1,349 (Inter-Segment) 1 - 1 1 1 1 0 1 1 Operating profit 48 58 9 25 77 74 83 59 Electronics 1Q FY2024 2Q FY2024 3Q FY2024 4Q FY2024 1Q FY2025 2Q FY2025 3Q FY2025 4Q FY2025 Net sales 825 868 975 977 867 815 915 954 Display 428 473 421 470 458 443 461 485 Electronic Materials 394 391 547 503 405 367 450 463 (Inter-Segment) 3 4 7 4 4 5 4 5 Operating profit 72 128 164 181 140 104 116 115 Performance by Business Segment (1) （100 million JPY）
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34©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow Chemicals 1Q FY2024 2Q FY2024 3Q FY2024 4Q FY2024 1Q FY2025 2Q FY2025 3Q FY2025 4Q FY2025 Net sales 1,436 1,468 1,490 1,542 1,441 1,417 1,455 1,529 Essential Chemicals 1,005 1,006 1,034 1,072 979 912 956 987 Performance Chemicals 421 453 447 458 451 496 489 525 (Inter-Segment) 10 8 8 12 12 10 9 16 Operating profit 136 140 170 121 111 115 171 134 Life Science 1Q FY2024 2Q FY2024 3Q FY2024 4Q FY2024 1Q FY2025 2Q FY2025 3Q FY2025 4Q FY2025 Net sales 325 311 364 412 310 325 326 369 Life Science 309 307 354 402 300 317 324 353 (Inter-Segment) 16 4 10 10 10 8 2 16 Operating profit - 63 - 79 - 26 - 45 - 62 - 58 - 43 - 60 Total 1Q FY2024 2Q FY2024 3Q FY2024 4Q FY2024 1Q FY2025 2Q FY2025 3Q FY2025 4Q FY2025 Net sales 4,987 5,165 5,190 5,334 4,996 4,959 5,167 5,467 Operating profit 241 325 373 318 258 282 408 326 Performance by Business Segment (2) （100 million JPY）
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35©AGC Inc. 【色の設定について】 下の色からスポイトで拾ってください。 プライマリーカラー セカンダリーカラー 【汎用】 【アクセント】 セグメント Automotive Life Science 電子 化学品 Architectural Glass セラミックス・その他 戦略事業 エレクトロ ニクス ライフ サイエンス パフォーマンス ケミカルズモビリティ ※セラミックス・その他の文字色はプライマリーカラーの紺色 ←白地・薄い地色の場合の 文字の色 高 低 選 択 の 優 先 順 位 FY2025 Full-year Net sales 5,842 Integrated Chemicals 3,020 Essential Chemicals - SEA 2,775 (Inter-segment) 47 Operating profit 530 Chemicals Segment: FY2025 Performance by New Sub-Segment (100 million JPY) Sub-segment ratio to the operating profit (before common expense allocation) Integrated Chemicals Essential Chemicals - SEA 80% FY2025 20%
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36©AGC Inc. 【色の設定について】 下の色からスポイトで拾ってください。 プライマリーカラー セカンダリーカラー 【汎用】 【アクセント】 セグメント Automotive Life Science 電子 化学品 Architectural Glass セラミックス・その他 戦略事業 エレクトロ ニクス ライフ サイエンス パフォーマンス ケミカルズモビリティ ※セラミックス・その他の文字色はプライマリーカラーの紺色 ←白地・薄い地色の場合の 文字の色 高 低 選 択 の 優 先 順 位 Scope Definition of Integrated Chemicals and Performance Chemicals as a Strategic Business ◼ Integrated Chemicals covers from upstream to downstream of the Chemical Chain in Japan, and Performance chemicals products etc. in Europe and America, Asia ◼ Performance Chemicals, one of the strategic businesses, is everything except the upstream chemical chain etc. of the Integrated Chemicals Electrolysis Caustic soda and other alkali products Performance Chemicals products Urethane-related products Chlorine Chemical Chain in Japan Chlorinated derivatives Chemical Chain in Southeast Asia Electrolysis Caustic soda and other alkali products Chlorinated derivatives Chlorine PVC Upstream Downstream Performance Chemicals as a strategic business Performance Chemicals products in Europe and America, Asia * Chemicals Segment Integrated Chemicals Essential Chemicals - SEA
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37©AGC Inc. 【色の設定について】 下の色からスポイトで拾ってください。 プライマリーカラー セカンダリーカラー 【汎用】 【アクセント】 セグメント Automotive Life Science 電子 化学品 Architectural Glass セラミックス・その他 戦略事業 エレクトロ ニクス ライフ サイエンス パフォーマンス ケミカルズモビリティ ※セラミックス・その他の文字色はプライマリーカラーの紺色 ←白地・薄い地色の場合の 文字の色 高 低 選 択 の 優 先 順 位 Market Trend Trend of shipment and price 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q YoY comparision Architectural Japan & Asia shipment -mid 10% range +high single-digit +low single-digit -mid single-digit -mid single-digit -mid single-digit flat +low single-digit （AGC） price +mid single-digit -mid single-digit -mid single-digit -mid single-digit -mid single-digit -high single-digit -mid 10% range -low 10% range Europe*3 shipment flat +high single-digit -mid single-digit flat +mid single-digit -low 10% range -low single-digit -low single-digit price -mid 30% range -30% -mid 10% range -mid 10% range -high single-digit +mid 20% range +high 30% range +high 30% range Japan volume -14% -5% -7% -8% +11% +1% -3% -2% North America volume +2% +0% -4% -4% -5% -4% +5% -2% Europe*3 volume -3% -6% -6% -9% -6% -0% +3% -1% Electronics Display panel demand*2 Global area +10% +5% +0% +11% +10% -3% +7% +0% *1 Source ： S&P global data as of December 15, 2025. *2 Source： Omdia-Display Long-Term Demand Forecast Tracker – 4Q25 Pivot with 3Q25 Results Results are not an endorsement of AGC Inc. Any reliance on these results is at the third-party’s own risk. *3 Excluding Eastern Europe 20252024 Glass Automobile production*1
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38©AGC Inc. 【色の設定について】 下の色からスポイトで拾ってください。 プライマリーカラー セカンダリーカラー 【汎用】 【アクセント】 セグメント Automotive Life Science 電子 化学品 Architectural Glass セラミックス・その他 戦略事業 エレクトロ ニクス ライフ サイエンス パフォーマンス ケミカルズモビリティ ※セラミックス・その他の文字色はプライマリーカラーの紺色 ←白地・薄い地色の場合の 文字の色 高 低 選 択 の 優 先 順 位 * EBITDA=Operating profit + Depreciation ROCE and EBITDA by Business Segment （100 million JPY） FY2024 FY2025 FY2024 FY2025 FY2024 FY2025 FY2024 FY2025 164 173 413 435 5.5% 5.2% 3,000 3,300 139 293 464 611 4.2% 8.5% 3,350 3,450 545 475 1,076 971 9.2% 8.2% 5,950 5,800 568 530 1,102 1,084 7.8% 7.0% 7,250 7,600 - 212 - 223 - 55 - 70 - 10.1% - 9.3% 2,100 2,400 51 26 69 43 25.6% 10.4% 200 250 4 1 2 - 1 - - - - 1,258 1,275 3,071 3,073 5.8% 5.6% 21,850 22,800 Operating profit EBITDA* ROCE Operating assets Total Architectural Glass Automotive Chemicals Life Science Electronics Ceramics/Others Elimination
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39©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow *1 Profit for the year attributable to owners of the parent/Total equity attributable to owners of the parent (average) *2 Operating profit/Total assets (average) *3 EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) = Operating profit + Depreciation IFRS 21/12 22/12 23/12 24/12 25/12 Net sales Million JPY 1,697,383 2,035,874 2,019,254 2,067,603 2,058,832 Operating profit Million JPY 206,168 183,942 128,779 125,835 127,465 OP margin % 12.1 9.0 6.4 6.1 6.2 Profit for the year attributable to owners of the parent Million JPY 123,840 ▲ 3,152 65,798 ▲ 94,042 69,162 Return on equity (ROE) *1 % 10.2 ▲ 0.2 4.6 ▲ 6.5 4.7 Return on assets (ROA) *2 % 7.9 6.7 4.5 4.3 4.4 Equity ratio % 49 49 49 50 50 D/E (Interest-bearing debts/Net assets) Times 0.41 0.41 0.42 0.39 0.37 Interest-bearing debt/EBITDA*3 Times 1.6 1.8 2.3 2.1 2.1 CF from Operating Activities/Interest-bearing debt Times 0.54 0.33 0.31 0.44 0.43 Earnings per share (EPS) JPY 559.11 ▲ 14.22 304.73 ▲ 443.71 326.20 Cash dividends per share JPY/year 210 210 210 210 210 Exchange rates (average) JPY/USD 109.80 131.43 140.56 151.58 149.71 JPY/EUR 129.89 138.04 152.00 163.95 169.00 For other financial indicators, please see here. https://www.agc.com/ir/pdf/data_all.pdf Financial Index
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40©AGC Inc. 【色の設定について】 下の色からスポイトで拾ってください。 プライマリーカラー セカンダリーカラー 【汎用】 【アクセント】 セグメント オートモーティブ ライフサイエンス 電子 化学品 建築ガラス セラミックス・その他 戦略事業 エレクトロ ニクス ライフ サイエンス パフォーマンス ケミカルズモビリティ ※セラミックス・その他の文字色はプライマリーカラーの紺色 ←白地・薄い地色の場合の 文字の色 高 低 選 択 の 優 先 順 位 Structural Reforms in Architectural Glass and Automotive Net sales Operating profit Glass Architectural Glass Automotive Architectural Glass Automotive ⚫ Transfer of the Philippine Architectural glass business ⚫ Transfer of the North American Architectural glass business ⚫ Transfer of soda ash business in the U.S. ⚫ Transfer of the Russian Architectural glass and Automotive businesses Headcount reductions in Belgium and France ⚫ Transfer of shares in AGC Flat Glass (Dalian) Inc. in China Shutdown of the Boussois (France) production furnace Suspension of the Moustier (Belgium) production furnace Headcount reductions in Czech Republic and Belgium Capacity consolidation by introducing high - efficiency facilities Closure of Belgium plant and Germany assembly site 30% production capacity reduction from 2021 by consolidation of European production sites and production lines. （100 million JPY） * Glass segment disclosure was divided into Architectural Glass segment and Automotive segment from 2022 ⚫ Sale and closure of non- core assets in Europe ⚫ Cost reduction project including headcount reductions Consolidation of production lines and h eadcount reductions in China
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Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow 41©AGC Inc. Sustainability KPIs Sustainability KPIs Blue planet Innovation Well-being *1 Items reflected in executive remuneration. However, for GHG emissions, GHG emissions per unit of GHG emissions sales are usedin the calculation of executive remuneration. ◼ GHG emissions reductions are progressing steadily Shipment volume index for architectural products contributing to GHG reductions*2 Index for GHG emissions reduction by low- GWP Chemical products*2 Total sales index for products contributing to next-generation society (Electronics, Mobility, Performance Chemicals)*2 Shipment volume index for products contributing to social infrastructure development in fast-growing regions (main chlor-alkali products)*2 Sales Index for Life Science*2 GHG (Scope 1 + 2) emissions [10,000 t-CO2]*1 Employee engagement score*1 *2 Indexes: Figures converted from 2023 on using 2022 as a base of 100.
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42©AGC Inc. Automotive Life Science Electronics Chemicals Architectural Glass Ceramics & Others Electronics Life Science Performance ChemicalsMobility 【Color settings】 Pick up from the colors below with an eyedropper. Primary color Secondary color 【General purpose】 【Accent】 Segment Strategic business * ”Ceramics & Others” letter colors are dark blue in Primary color. ←Text color for white or light background color Highorder of precedence in selectionLow Disclaimer: ◼ This material is solely for information purposes and should not be construed as a solicitation. Although this material (including the financial projections) has been prepared using information we currently believe reliable, AGC Inc. does not take responsibility for any errors and omissions pertaining to the inherent risks and uncertainties of the material presented. ◼ We ask that you exercise your own judgment in assessing this material. AGC Inc. is not responsible for any losses that may arise from investment decisions based on the forecasts and other numerical targets contained herein. ◼ Copyright AGC Inc. No duplication or distribution without prior consent of AGC Inc.