FinancialFlash  
AGC Group Records Mixed  
Results in First Quarter  
sahi Glass Co. (AGC) of Japan, ments of architectural glass in Japan increased in many regions.”  
posted net sales of $2.84 bil- and North America remained robust,”a  
lion in the first quarter of 2016, report from the company reads.“In Eu- anese economy showed a gradual  
According to the company, the Jap-  
A
down 5.4 percent from the previous rope,demand increased in Western and upward trend, business conditions  
year’s first quarter. Central Europe, but remained sluggish in Europe continued their gradual re-  
Net sales from the company’s glass in Eastern Europe due to the effects of a covery, and the economy in the United  
operations for the period,including ar- deterioration of the economic environ- States was making a stable recovery  
chitectural and automotive glass, were ment. Sales of architectural glass de- with consumer spending growth.How-  
just under $1.6 billion, up 1.1 percent creased on a year-on-year basis,mainly ever, it saw a slowdown in economic  
from 2015.  
affected by the weak yen,although sales growth in China and other emerging  
“In the flat glass business, ship- prices of architectural glass products markets.  
Asahi Glass Financial Results, Three Months Ended March 31, 2016  
(in 100 millions, converted from yen)  
4QFY2015  
1QFY2016  
%Change  
(vs. 4Q2015)  
1QFY2015  
%Change  
(vs 1Q FY2015)  
Net Sales  
Glass  
$31,366,450  
$16,592,475  
$1881,696  
$493,721  
$28,693,941  
$15,921,040  
$1,555,660  
$624,142  
-8.5%  
-4.1%  
$30,333,595  
$15,753,352  
$1,481,164  
$186,311  
-5.4%  
+1.1%  
Operating Profit  
Glass  
-17.1%  
+25.6%  
+4.9%  
+237.2%  
rNchitSectGuralIsesgmseunterescordFedisicngaplrodYuctes awitrhin2co0m1me6rciaFl ainnd aRnevceniuaeslalsRo inecrpeasoedr, dtue largely  
revenues for NSG Group were residential markets, as well as solar to the strong market conditions in  
A
$2.41 billion in fiscal year glazing.  
016, according to a release from “Operating results in the architec-  
North America.”  
In Europe, representing 35 percent  
2
the company. The architectural busi- tural business improved from the of the company’s architectural sales,  
ness, which represents 42 percent of previous year due to reduced ener- demand increased through the year,  
the company’s annual sales, includes gy-related input costs and further leading to an improved pricing envi-  
the manufacture and sale of flat glass improvements to market conditions ronment. Cumulative local currency  
and various interior and exterior glaz- in North America,” the release reads. revenues increased, reflecting the im-  
proved underlying conditions.  
NSG Architectural Segment Results  
In North America, representing 15  
(millions of dollars, converted from yen)  
percent of architectural sales, archi-  
tectural glass markets continued to  
register year-on-year growth. The com-  
pany’s revenues and profits improved  
from the previous year. Volumes in-  
creased, with domestic demand being  
particularly strong. Domestic price lev-  
els were also above the previous year.  
FY2016, 4/1/15  
to 3/31/16  
FY2015, 4/1/14  
to 3/31/16  
$2,356,451  
$196,944  
External revenue  
$2,446,315  
$206,874  
Inter-segmental revenue  
Total revenue  
$2,652,768  
$228,800  
$2,552,989  
$158,557  
Operating Profit  
continued on page 28  
26  
USGlass, Metal & Glazing | July 2016  
www.usglassmag.com  
Fconitninuaend cialFlash  
Glaston Announces  
First-Quarter Results  
in increasing our market share.  
“Despite the market instability, our benef ted from a rise in f oat prices; it  
Glaston Corp. received $28.6 million net sales grew by 12 percent compared remained bullish in Asia and emerging  
in orders in the f rst quarter of 2016, with the corresponding period the pre- countries excluding Brazil.”  
umes in Western Europe and also  
according to the company’s interim re- vious year.”  
port. Its order book on March 31 was  
High-performance materials saw  
3.6-percent growth.  
$
39.4 million, and net sales from Janu- Saint-Gobain Flat “Volumes improved in all regions  
ary 1 through the end of March totaled Glass Sales See Increase  
in the f rst quarter,” says Pierre-André  
33.6 million.  
The 2016 first-quarter report for de Chalendar, chairperson and CEO.  
The company expects 2016 net sales Saint-Gobain saw a 4.9-percent in- “Trading in France advanced with the  
to be slightly below its 2015 level of crease in sales. Like-for-like, consoli- exception of pipe. Other Western Euro-  
141 million. dated sales rose 1.8 percent, lifted by pean countries reported further growth.  
At the end of last year,uncertainty in improved volumes in all business sec- Trading in North America bounced  
the glass processing market increased, tors and regions. back despite lackluster industrial mar-  
and the situation remained unchanged On a reported basis, overall sales kets. Emerging markets continued to  
$
$
as we entered the new year,” says pres- were $10.5 billion, with f at glass re- perform well. Prices dipped slightly as  
ident and CEO Arto Metsänen.“In the cording just under $1.3 billion in expected, particularly in Western Eu-  
f rst quarter,the markets were relatively sales. The company’s innovative ma- rope and the U.S. In this setting, we are  
quiet, except for North America. In an terials sector, which includes f at glass, continuing to pursue our operational  
unstable market situation, reliabil- climbed 4.3 percent.  
excellence program and conf rm our  
ity and quality become even stronger According to the report, “construc- objective of a further like-for-like im-  
competitive factors, and we succeeded tion activity returned to positive vol- provement in operating income.” n  
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28  
USGlass, Metal & Glazing | July 2016  
www.usglassmag.com