Notice of revision of consolidated performance forecast

February 7, 2019
Asahi Kasei Corp.

The consolidated performance forecast for fiscal 2018 (April 1, 2018 – March 31, 2019) announced on November 2, 2018, has been revised as shown below based on recent performance trends.

1.Revision of consolidated forecast

  Net sales
(¥ million)
Operating income
(¥ million)
Ordinary income
(¥ million)
Net income attributable to owners of the parent
(¥ million)
Net income
per share
(¥)
Previous forecast 2,210,000 210,000 222,000 160,000 114.60
Revised forecast 2,171,000 201,000 209,000 145,000 103.86
Decrease (39,000) (9,000) (13,000) (15,000)  
Percent change −1.8% −4.3% −5.9% −9.4%  
cf. fiscal 2017 2,042,216 198,475 212,544 170,248 121.93

2.Reason for revision

Net sales, operating income, and ordinary income are expected to be lower than the previous forecast with impacts from an economic slowdown in China and a fall in market prices centering on acrylonitrile in the chemicals business. Net income attributable to owners of the parent is expected to be lower than the previous forecast due to a reconsideration of prospects for gain on sales of investment securities.