AGC Inc.
5201・Prime Market・Glass & Ceramics Products
Governance
Company with a Board of Corporate Auditors (planned transition to a Company with an Audit and Supervisory Committee, subject to approval at the Annual General Meeting of Shareholders on March 27, 2026). Of the 8 directors, 4 are independent outside directors (a ratio of 50%), with an outside director serving as chairman. Voluntary Nomination Committee and Compensation Committee have been established (with outside directors comprising a majority and serving as chair in each committee). In fiscal 2025, an evaluation of the Board of Directors' effectiveness was conducted by an external organization, confirming that effectiveness has been secured.
Risk Management
Based on the "AGC Group Integrated Risk Management Basic Policy," the company has established a framework to identify and manage material risks, with regular deliberation and monitoring by the Management Executive Committee and the Board of Directors. It has built a comprehensive risk management system encompassing compliance (establishment of a CCO and operation of a hotline), climate change (TCFD response, scenario analysis, internal carbon pricing), information security, and crisis management reporting lines. The Sustainability Committee (chaired by the CEO, meeting four times a year) deliberates on material risks such as climate change and reports to the Board of Directors twice a year.
Shareholder Returns
The company's basic policy is stable dividends targeting a DOE of approximately 3%. The annual dividend forecast for FY2026 is ¥210 per share (interim ¥105 + year-end ¥105), maintaining the same level as the previous fiscal year. No mention of share buybacks.
Dividend Policy
The company continues stable dividends targeting a DOE (dividend on equity attributable to owners of the parent) of approximately 3%. Its basic policy is to pay dividends twice a year (interim and year-end); the actual annual dividend for FY2025 was ¥210 per share (interim ¥105 + year-end ¥105). The forecast for FY2026 (ending March 2026) maintains the same level of ¥210 per share annually (interim ¥105 + year-end ¥105). There has been no revision from the most recent dividend forecast.
ESG
AGC supports the TCFD recommendations in its response to climate change, setting targets of carbon net-zero by 2050 (Scope 1+2) and a 30% reduction in GHG emissions by 2030 versus 2019. The company operates an internal carbon pricing system and, for Scope 3 reduction, has set engagement targets to encourage suppliers to obtain SBT certification. In terms of human capital, AGC promotes
Last updated: March 24, 2026