AGC’s Glass Division Improves Net Sales Year-Over-Year

Asahi Glass Co., parent company to AGC Automotive Americas, announced fiscal-year net sales for its glass division of $6.5 billion in U.S. dollars (¥667.3 billion in Yen), compared to $5.5 billion U.S. dollars (¥564.6 billion in Yen) in the same period of 2012.

Operating profit for the company’s glass division went from a loss of $6.0 million in U.S. dollars (¥0.7 billion in Yen) in fiscal-year 2012 to a $127.8 million loss in U.S. dollars (¥13.1 billion in Yen) in fiscal-year 2013.

In the automotive glass business, shipments in Japan decreased from the prior year, “reflecting a year-to-year decrease in auto production in the country,” officials wrote in a company statement.

In Europe, automotive glass shipments remained strong, though officials called auto production “sluggish.”

As for Asia and North America, the company reported that “shipments remained favorable,” which drove a year-over-year increase in sales. This was thanks, in part, to the weak Yen.

Across all divisions, AGC reported net sales of $12.9 billion in U.S. dollars (¥1.3 trillion in Yen), compared to $11.6 billion in U.S. dollars (compared to ¥1.2 trillion in Yen) in fiscal-year 2012.

Overall, the company posted an operating profit of $779.6 million in U.S. dollars (¥79.9 billion in Yen), compared to $993.3 million in U.S. dollars (¥101.8 billion in Yen) in fiscal-year 2012.

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