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Global glass maker producing flat/automotive glass, plus chemicals and electronics materials.
Global glass maker producing flat/automotive glass, plus chemicals and electronics materials.
Earns from architectural and car glass, priced against energy and raw-material costs and sold in volume to construction firms and carmakers, while display glass, semiconductor materials and fluorinated chemicals are sold on specifications and supply agreements. Operations span Asia, Europe and North America.
In one line: Japan's Corning/PPG combined.
Moat: narrow (scale, process know-how). Global glass manufacturing scale and specialty coatings/chemicals expertise.
Headquarters: Tokyo, Japan · Founded: 1907 · Employees: 52,896
Size Agc (5201.T) is a Japan Industrials company (Home Furnishings) with a market value of $6.33B, the 200th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,699 on 6 Nov 2026.
Performance Over six months the shares fell 14.7%, against -9.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 5.7% over the last twelve months (peer median +7.8%); the operating margin is 6.2% (peer median 10.8%).
Valuation It trades at 12.6× forward earnings against a peer median of 14.4× (7th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.7 points below its cost of capital (6.6% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥2.16T | ¥2.06T | ¥2.07T | ¥2.02T | ¥2.04T |
| Revenue growth | — | 0% | +2% | -1% | — |
| Gross profit | ¥526B | ¥500B | ¥495B | ¥477B | ¥516B |
| EBITDA | ¥323B | ¥305B | ¥301B | ¥298B | ¥355B |
| Net income | ¥90.8B | ¥69.2B | -¥94.0B | ¥65.8B | -¥3.15B |
| Free cash flow | ¥41.7B | ¥64.9B | ¥42.5B | -¥985M | -¥6.78B |
| Capital expenditure | ¥221B | ¥210B | ¥242B | ¥214B | ¥224B |
| Total debt | ¥673B | ¥646B | ¥650B | ¥695B | ¥650B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Agc 5201.T | $6.33B | -15% | +6% | 6% | 12.6× | 4.8% |
| Corning GLW | $91.4B | -43% | +19% | 17% | 25.4× | 24.7% |
| Compagnie de Saint-Gobain SGO.PA | $40.7B | -3% | -2% | 10% | 12.1× | 5.1% |
| PPG Industries PPG | $27.0B | +12% | +6% | 13% | 14.6× | 7.1% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 5201.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.5% | -13.9% | 6th lowest of 21 |
| 6-month return | -14.7% | -9.9% | 8th lowest of 21 |
| Distance from 52-week high | -42.6% | -28.0% | 7th lowest of 21 |
| Revenue growth (TTM) | +5.7% | +7.8% | 7th lowest of 21 |
| Operating margin | 6.2% | 10.8% | 5th lowest of 21 |
| Forward P/E | 12.6× | 14.4× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 4.8% | 4.6% | 9th least demanding of 17 |
| Growth delivered (Del g) | +7.8% | +7.6% | 8th highest of 17 |
| Hurdle (Req g minus delivered) | -3.1 pp | -5.2 pp | 7th most demanding of 17 |
| ROIC minus cost of capital | -2.7 pp | +0.2 pp | 4th lowest of 21 |
| EV / EBITDA | 5.6× | 7.9× | 2nd cheapest of 19 |
| Net debt / EBITDA | 1.8× | -0.1× | 5th most indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Agc 5201.T | Japan | $6.33B | -15% | +6% | 6% | 12.6× | 4.8% | +7.8% |
| Hitachi Construction Machinery 6305.T | Japan | $6.36B | -12% | +7% | 10% | 11.2× | 3.9% | +11.6% |
| MISUMI 9962.T | Japan | $6.25B | +3% | +24% | 13% | 17.9× | 9.3% | +7.3% |
| Yokogawa Electric 6841.T | Japan | $6.24B | -30% | +7% | 13% | 15.5× | 6.8% | +10.1% |
| Ricoh 7752.T | Japan | $6.06B | +28% | +5% | 3% | 13.6× | -1.0% | +9.2% |
| Toppan 7911.T | Japan | $6.77B | -3% | +9% | 4% | 15.0× | n/a | n/a |
| Sojitz 2768.T | Japan | $5.77B | -19% | +27% | 3% | 7.6× | n/a | n/a |
| Dai Nippon Printing 7912.T | Japan | $6.96B | -14% | +4% | 7% | 11.8× | n/a | n/a |
| Yaskawa Electric 6506.T | Japan | $5.71B | -38% | +6% | 8% | 19.7× | 24.8% | +6.8% |
| Hankyu Hanshin 9042.T | Japan | $7.03B | +3% | +6% | 10% | 13.2× | n/a | n/a |
| MonotaRO 3064.T | Japan | $7.04B | +22% | +19% | 14% | 29.6× | 9.7% | +16.2% |
| Mitsui Kinzoku 5706.T | Japan | $5.61B | -28% | +11% | 18% | 10.1× | 11.6% | +7.7% |
| Kinden 1944.T | Japan | $5.56B | -36% | +8% | 13% | 11.6× | -0.9% | +6.2% |
| SG Holdings Co., Ltd. 9143.T | Japan | $5.56B | +1% | +14% | 5% | 14.0× | -2.6% | +4.6% |
| Toto 5332.T | Japan | $5.40B | -1% | +5% | 8% | 18.2× | 7.8% | +5.0% |
| Ngk 5333.T | Japan | $7.43B | -13% | +10% | 16% | 13.1× | 4.4% | +8.2% |
| Tokyo Metro 9023.T | Japan | $5.31B | -8% | +3% | 21% | 16.5× | 4.8% | +7.4% |
| Kandenko 1942.T | Japan | $5.26B | -41% | +4% | 12% | 11.2× | -0.9% | +5.9% |
| Kokusai Electric 6525.T | Japan | $7.62B | -21% | +15% | 19% | 20.0× | 30.9% | -1.5% |
| Sanwa 5929.T | Japan | $5.10B | +8% | +2% | 11% | 14.8× | -2.6% | +9.1% |
| HOSHIZAKI 6465.T | Japan | $4.93B | +5% | +12% | 10% | 17.8× | -4.5% | +15.3% |