Japanese firm Asahi Kasei Q1 operating income doubles to ¥60 bn

Asahi Kasei Corporation, a Japanese chemical company also involved in apparel materials, has reported 28.2 per cent sales rise to ¥583.4 billion (Japanese yen) in first quarter (Q1) FY21 ended on June 30, 2021, compared to ¥455.1 billion in the same period of previous fiscal. Operating income doubled to ¥60.5 billion (Q1 FY20: ¥30.1 billion).

 

Asahi Kasei Corporation, a Japanese chemical company also involved in apparel materials, has reported 28.2 per cent sales rise to ¥583.4 billion (Japanese yen) in first quarter (Q1) FY21 ended on June 30, 2021, compared to ¥455.1 billion in the same period of previous fiscal. Operating income doubled to ¥60.5 billion (Q1 FY20: ¥30.1 billion).#

The company said its ordinary income increased 115.6 per cent to ¥65.2 billion (¥30.2 billion), while net income attributable to owners of the parent climbed 241.7 per cent to ¥46.4 billion (¥13.6 billion).

 

Asahi Kasei Corporation, a Japanese chemical company also involved in apparel materials, has reported 28.2 per cent sales rise to ¥583.4 billion (Japanese yen) in first quarter (Q1) FY21 ended on June 30, 2021, compared to ¥455.1 billion in the same period of previous fiscal. Operating income doubled to ¥60.5 billion (Q1 FY20: ¥30.1 billion).#

With recovery of automobile-related markets, rapid rise of market prices for petrochemical products, the Material segment sales during Q1 FY21 surged 72.1 per cent to ¥276.8 billion (¥204.7 billion), and homes segment sales were up 46.7 per cent to ¥197.6 billion (¥150.9 billion).

 

Asahi Kasei Corporation, a Japanese chemical company also involved in apparel materials, has reported 28.2 per cent sales rise to ¥583.4 billion (Japanese yen) in first quarter (Q1) FY21 ended on June 30, 2021, compared to ¥455.1 billion in the same period of previous fiscal. Operating income doubled to ¥60.5 billion (Q1 FY20: ¥30.1 billion).#

In its forecast for the first half (H1) of FY21, the company expects 21.1 per cent sales expansion to ¥1,198.0 billion, with operating income of ¥106.0 billion.