Asahi Kasei announced its consolidated financial results for the fiscal year ending March 2013. The group's consolidated sales increased 5.9% year-on-year to ¥1,666.64 billion, while operating profit decreased 11.8% to ¥91.96 billion, ordinary profit decreased 11.6% to ¥95.125 billion, and net income decreased 3.7% to ¥53.712 billion. In addition to strong performance in the housing and pharmaceutical businesses, the newly added critical care business contributed to sales. Meanwhile, profits in the chemical and electronics businesses declined significantly.
Sales in the textiles business fell ¥1.2 billion (1.1%) year-on-year, but operating profit increased ¥0.9 billion (28.4%) to ¥4.0 billion. While the polyurethane elastic fiber "ROICA" struggled overseas, sales of the regenerated cellulose fiber "Bemberg" for outerwear and ethnic clothing were strong. The nonwoven fabric business also performed well.
In the textile business, where issues remain, a decision was made in July of last year to implement structural reforms at the American subsidiary in the polyurethane elastic fiber business. Measures aimed at improving business performance are progressing, including the start of operations at a new spunbond factory in Thailand and the commencement of construction to expand the Bemberg factory in Nobeoka, Miyazaki Prefecture. The company's consolidated financial forecasts for the next fiscal year are sales of 1,891 billion yen, operating profit of 130 billion yen, ordinary profit of 130 billion yen, and net profit of 77 billion yen.
Sales in the textiles business fell ¥1.2 billion (1.1%) year-on-year, but operating profit increased ¥0.9 billion (28.4%) to ¥4.0 billion. While the polyurethane elastic fiber "ROICA" struggled overseas, sales of the regenerated cellulose fiber "Bemberg" for outerwear and ethnic clothing were strong. The nonwoven fabric business also performed well.
In the textile business, where issues remain, a decision was made in July of last year to implement structural reforms at the American subsidiary in the polyurethane elastic fiber business. Measures aimed at improving business performance are progressing, including the start of operations at a new spunbond factory in Thailand and the commencement of construction to expand the Bemberg factory in Nobeoka, Miyazaki Prefecture. The company's consolidated financial forecasts for the next fiscal year are sales of 1,891 billion yen, operating profit of 130 billion yen, ordinary profit of 130 billion yen, and net profit of 77 billion yen.
