AGC to transfer its APK shares to Saint‑Gobain K.K.
- AGC will transfer all its shares in AGC Polymer Material Co., Ltd. (APK) to Saint‑Gobain K.K.
- AGC currently holds a 50.72% stake in APK.
- APK manufactures and sells polyurethane waterproofing and flooring materials for buildings.
- The transaction is expected to close in or around December 2026, subject to regulatory approvals, with minimal expected impact on AGC’s consolidated results.
Transaction details
AGC has signed a share transfer agreement to sell all its shares in AGC Polymer Material Co., Ltd. (APK), a consolidated subsidiary in which AGC holds a 50.72% stake, to Saint‑Gobain K.K. The deal is expected to close in or around December 2026, subject to regulatory approvals and other closing conditions.
Strategic rationale
Under its medium‑term management plan AGC plus‑2026, AGC is pursuing business portfolio transformation. After review, AGC concluded that APK’s future growth and development would be best supported as part of Saint‑Gobain K.K., which has a broad portfolio of construction materials businesses. AGC states the financial impact on its consolidated results is expected to be minimal.
Company profiles
APK’s core business is the manufacture and sale of polyurethane waterproofing and flooring materials for buildings; its capital was JPY 200 million as of December 2025. Saint‑Gobain K.K. handles sales of glass products and manufacture and sales of high‑performance materials (ceramics, plastics, abrasive products); its capital was JPY 957.5 million as of April 2025.
Source: AGC
