February 7, 2017

Corporate Name: Asahi Glass Co., Ltd. Representative Director: Takuya Shimamura (Code Number: 5201; TSE 1st section) Contact: Kazumi Tamaki, General Manager,

Corporate Communications & Investor Relations Office

Corporate Planning Division (Tel: +81-3-3218-5603)

Consolidated Financial Results for the Fiscal Year ended December 31, 2016 (IFRS basis)

(Fractions less than one million yen are rounded off.)

  1. Financial Results for FY2016 (January 1 through December 31, 2016)
    1. Consolidated Operating Results

      (Percentage figures show year-on-year changes.)

      FY2016

      (Jan. through Dec. 2016)

      FY2015

      (Jan. through Dec. 2015)

      millions of yen %

      millions of yen %

      1,282,570 (3.3)

      1,326,293 (1.6)

      96,292 35.3

      71,172 14.6

      67,563 (20.1)

      84,522 105.3

      53,362 15.3

      46,287 126.1

      47,438 10.6

      42,906 169.6

      26,193 -

      2,286 (95.4)

      41.03

      37.12

      40.85

      36.97

      4.3

      3.9

      3.4

      4.2

      7.5

      5.4

      Net sales

      Operating profit

      Profit before tax

      Profit for the year

      Profit for the year attributable to owners of the parent

      Total comprehensive income for the year

      Basic earnings per share (yen)

      Diluted earnings per share (yen)

      Profit ratio to equity attributable to owners of the parent (%)

      Ratio of profit for the year to total assets (%)

      Ratio of operating profit to net sales (%)

      Reference: Share of profit of associates and joint ventures accounted for using equity method -FY2016; 1,815 million yen -FY2015; 2,357 million yen

    2. Consolidated Financial Position

      FY2016

      (as of December 31, 2016)

      FY2015

      (as of December 31, 2015)

      1,981,451

      1,991,262

      1,168,743

      1,163,767

      1,095,438

      1,094,172

      55.3

      54.9

      947.32

      946.48

      Total assets (millions of yen)

      Total equity (millions of yen)

      Equity attributable to owners of the parent (millions of yen)

      Equity attributable to owners of the parent ratio (%)

      Equity attributable to owners of the parent per share (yen)

    3. Consolidated Cash Flows

      FY2016

      (Jan. through Dec. 2016)

      FY2015

      (Jan. through Dec. 2015)

      203,637

      187,170

      (113,596)

      (115,951)

      (46,450)

      (35,417)

      147,325

      104,831

      Cash flows from operating activities (millions of yen)

      Cash flows from investing activities (millions of yen)

      Cash flows from financing activities (millions of yen)

      Cash and cash equivalents at the end of the year (millions of yen)

    4. Dividends

      (Base date) FY2015 FY2016 FY2017(forecast)

      -

      -

      -

      9.00

      9.00

      10.00

      -

      -

      -

      9.00

      9.00

      50.00

      18.00

      18.00

      -

      20,808

      20,814

      -

      48.5

      43.9

      35.0

      1.9

      1.9

      -

      End of the first quarter (yen)

      End of the second quarter (yen)

      Dividend per share

      End of the third quarter (yen)

      End of the fiscal year (yen)

      Full fiscal year (yen)

      Total dividend distribution (full fiscal year) (millions of yen)

      Payout ratio (consolidated) (%)

      Ratio of dividend distribution to equity attributable to owners of the parent (consolidated) (%)

      *The Company plans to consolidate its common shares at a ratio of five shares to one share on the effective date of July 1, 2017. Accordingly, figures for year-end dividends per share for fiscal year 2017 are amounts that take into account the consolidation of shares, and total annual dividends are shown as "-." The scheduled year-end dividends per share for fiscal year 2017 without taking into account the consolidation of shares are 10 yen, and annual dividends per share are 20 yen.

      For information, refer to "Appropriate Use of Forecasts and Other Information and Other Matters"

    5. Forecast for FY2017 (January 1 through December 31, 2017)

      (Percentage figures show year-on-year changes.)

      First half Full fiscal year

      millions of yen % millions of yen %

      650,000

      4.0

      1,350,000

      5.3

      45,000

      12.8

      105,000

      9.0

      -

      -

      93,000

      37.6

      -

      -

      72,000

      34.9

      -

      -

      66,000

      39.1

      -

      285.38

      Net sales

      Operating profit

      Profit before tax

      Profit for the year

      Profit for the year attributable to owners of the parent

      Basic earnings per share (yen)

      (Note) The forecast for the six months ending June 30, 2017 consists of forecast net sales and operating profit only.

      * Concerning Basics earnings per share of the full year consolidated forecasts for fiscal year 2017, the effects of the consolidation of shares are taken into account. For information, refer to "Appropriate Use of Forecasts and Other Information and Other Matters"

      *Notes
      1. Changes in Significant Subsidiaries during the Period under Review

        (Changes in specific subsidiaries involving changes in the scope of consolidation): No

      2. Changes in Accounting Policies and Changes in Accounting Estimates

        1. Changes in accounting policies required by IFRS: No

        2. Changes in accounting policies other than "i" above: No

        3. Changes in accounting estimates: No

          (Note) For details, please refer to "(5) Notes to the Consolidated Financial Statements, 2) Changes in Accounting Policies" on page 20.

        4. Number of Shares Issued (ordinary shares)

        5. . Number of shares issued (including treasury shares) at the end of the period

          -FY2016 (as of December 31, 2016): 1,186,705,905

          -FY2015 (as of December 31, 2015): 1,186,705,905

          . Number of treasury shares at the end of the period

          -FY2016 (as of December 31, 2016): 30,347,355

          -FY2015 (as of December 31, 2015): 30,665,148

          . Average number of shares issued during the period

          -FY2016 (Jan. through Dec. 2016): 1,156,255,690

          -FY2015 (Jan. through Dec. 2015): 1,155,953,526

          [Reference]

          1. Non-Consolidated Operating Results

            (Percentage figures show year-on-year changes.)

            FY2016

            (Jan. through Dec. 2016)

            FY2015

            (Jan. through Dec. 2015)

            millions of yen %

            millions of yen %

            483,078 (2.6)

            495,835 (7.2)

            30,784 90.3

            16,175 73.0

            49,288 14.0

            43,250 (44.5)

            24,153 (33.9)

            36,534 (30.0)

            20.89

            31.61

            20.80

            31.48

            Net sales

            Operating income

            Ordinary income

            Net income

            Net income per share -basic (yen)

            Net income per share -fully diluted (yen)

          2. Non-Consolidated Financial Position

          FY2016

          (as of December 31, 2016)

          FY2015

          (as of December 31, 2015)

          1,272,447

          639,795

          1,246,251

          633,026

          50.1

          551.19

          50.6

          545.58

          Total assets (millions of yen)

          Total net assets (millions of yen)

          Equity ratio (%)

          Equity per share (yen)

          Reference: Total Shareholders' Equity at -FY2016; 637,375 million yen

          -FY2015; 630,718 million yen

          *Appropriate Use of Forecast and Other Information and Other Matters

          The above forecast is based on information available to the Company at the time of publication of this document and assumptions concerning uncertainties which might affect the AGC Group's future financial results. It is not intended to be a guarantee of future events, and may differ from actual results for various reasons. For matters concerning the above forecast, please see page 5 and 6.

          *Supplementary Materials for the Financial Results Supplementary materials are available on our website.

          *Dividend outlook and forecast for operating results after the consolidation of shares

          The Company plans to consolidate its common shares at the ratio of five shares to one share on the effective date of July 1, 2017, following approval of a proposal for the consolidation of shares at the 92nd Ordinary General Meeting of Shareholders held on March 30, 2017. Accordingly, the dividend outlook and forecast for operating results in the year ending December 31, 2017 excluding the impact of the consolidation of shares are as follows.

          1. Dividend outlook for the year ending December, 2017

            Dividends per share: Interim 10 yen (Note 1), Year-end 10 yen (Note 2)

          2. Forecast for operating results in the year ending December 31, 2017 Basic earnings per share 57.08 yen

          Notes:

          1. The interim dividend will be paid out based on the number of shares before the consolidation of shares.

          2. Represents the dividend amount excluding the impact of the consolidation of shares.

          3. The annual dividend for the year ending December 31, 2017 (excluding the impact of the consolidation of shares) is 20 yen per share.

        AGC - Asahi Glass Co. Ltd. published this content on 07 February 2017 and is solely responsible for the information contained herein.
        Distributed by Public, unedited and unaltered, on 07 February 2017 06:09:08 UTC.

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