Asahi Kasei posted sales of 670.44 billion yen ($5.02 billion) in the first quarter from April to June of the fiscal year ending March 2023, up 14.9 percent year-on-year. Operating profit was 49.36 billion yen, down 18.4 percent, ordinary profit stood at 51.53 billion yen, down 20.9 percent, and net profit was 29.83 billion yen, down 35.7 percent. Environmental Solutions,...
Asahi Kasei Corp. (TYO:3407) has reported its business performance for the fiscal year ended March 2022. The company posted net sales of 2.46 trillion yen ($19.21 billion), up 16.9 percent year-on-year; operating income of 202.647 billion yen, up 17.9 percent; ordinary income of 212.052 billion yen, up 19.1 percent; and net profit of 161.88 billion yen, up 102.9 percent. Performance...
Asahi Kasei Corp. (TYO:3407) has developed a proprietary system for calculating the carbon footprint of products (CFP) in its synthetic rubber and elastomer lineups. The system is based in part on the group-wide management infrastructure that Asahi Kasei calls its Data Exploration and Exchange Pipeline (DEEP). Using this new system, Asahi Kasei has managed to visualize CFP for a range...
Asahi Kasei Corp. (TYO:3407) is set to raise its prices starting April 1 for synthetic rubber, styrenic thermoplastic elastomers (TPEs) and styrene-based specialty transparent resins. Per-kilogram prices are set to rise by 40 yen ($0.33) for butadiene rubber, oil-extended styrene–butadiene rubber (SBR) and non-oil-extended SBR. Meanwhile, there will be a 60 yen price hike for styrenic TPEs, hydrogenated styrenic TPEs...
Asahi Kasei Corp. (TYO:3407) has formed an agreement with Singaporean-based Shell Eastern Petroleum Pte. Ltd. regarding the purchase of sustainable butadiene derived from plastic waste and biomass. By the end of fiscal 2021, Asahi Kasei intends to introduce this sustainable butadiene at its synthetic rubber plant in Singapore, as well as use this butadiene here to begin producing and marketing...
Asahi Kasei Corp. (TYO:3407) has posted its business results for the first half of fiscal 2021, revealing a 19.4 percent year-on-year increase in sales – reaching 1.18 trillion yen ($10.27 billion) – and a 47.4 percent increase in operating income, 113.14 billion yen. Ordinary income too was up, marking a 53.9 percent increase to 119.23 billion yen; as was net...
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