Asahi Kasei reported a 13% year-on-year increase in sales to 736 billion yen ($5.01 billion), a 129% increase in operating income to 49.87 billion yen, a 151% increase in ordinary income to 53.72 billion yen, and a 256% increase in net income to 34.1 billion yen for the first quarter (April-June) of the fiscal year ending March 31, 2025. The...
Asahi Kasei’s synthetic rubber business for the fiscal year ending this March achieved its full-year operating income forecast, despite difficult conditions in the first half amid economic risks in China. This came as sales remained strong in the second half, especially for SSBR for tires, and the weaker yen also helped boost results. On the other hand, sales of BR,...
Asahi Kasei has raised the prices of styrenic thermoplastic elastomers for shipments from April 1. The price increase is 70 yen ($0.46) or more per kilogram for styrenic thermoplastic elastomers, including Tufprene and Asaprene T, and 120 yen or more per kilogram for hydrogenated styrenic thermoplastic elastomers, including S.O.E. and Tuftec. The company said that with the recent sharp rise...
Asahi Kasei posted sales of 2,064.15 billion yen ($13.74 billion), up 1.2% year-on-year in the nine months (April-December) of the fiscal year ending March 2024. The company also posted operating income of 99.50 billion yen, down 15.1%, ordinary income of 90.50 billion yen, down 18.9%, and net income of 58.57 billion yen, down 11.0%. In the materials segment, sales declined...
Asahi Kasei’s synthetic rubber business in the first half (April-September) of the fiscal year ending March 31, 2024, was affected by the economic slowdown, especially in China, and both SSBR and BR sales volume and net sales fell short of the plan. The positive factor for SSBR was an increase in production of tires for new vehicles due to a...
Asahi Kasei recently decided to terminate operations and liquidate Asahi Kasei Cord, which produces general-purpose tire cord and chafer, among others. Production is scheduled to end at the end of March 2024, and the plant will be closed at the end of March 2025. In principle, approximately 70 employees will be reassigned within the Asahi Kasei group. The decision was...
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