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In Asahi Kasei Report 2024 published last fiscal year, we aimed to narrow the gap between the value of Asahi Kasei as we see it and the value perceived in the capital markets. To this end, the report was structured around six actual questions frequently raised by our stakeholders, primarily investors. We received a wide range of feedback, which has been valuable for our efforts to enhance corporate value, particularly in developing our new medium-term management plan, “Trailblaze Together,” for the period of fiscal 2025–2027.
In Asahi Kasei Report 2025, building on the progress of our activities, we are revisiting the “Six Questions” and aim to provide even more in-depth answers.
We welcome your candid opinions and look forward to continuing to engage in various forms of dialogue.
01 Editorial Policy
04 Contents
05 At a Glance
06 Corporate Philosophy
07 Message from the CEO
How will you leverage diverse management assets to achieve sustainable growth of corporate value?
15 Asahi Kasei’s Path of Value Creation
19 Value Creation Model
20 Asahi Kasei’s Management Assets
21 Asahi Kasei’s Ecosystem
22 Interviews with Top Executives of Group Companies
24 Materiality
What actions are you taking to achieve capital efficiency that exceeds the cost of capital?
27 Review of the Previous Medium-Term Management Plan (MTP)
28 Outline of the New MTP
30 Message from the CFO
What growth do you expect from the investments you’ve made?
37 Growth Drivers under the New MTP
40 Healthcare Sector Strategy
41 Pharmaceuticals & Life Science
43 Critical Care
44 Homes Sector Strategy
45 Domestic Homes
47 Overseas Homes
48 Material Sector Strategy
49 Electronics
50 Car Interior
51 Energy & Infrastructure
What social impact will your GX-centered sustainability efforts have?
54 Message from the Head of Sustainability Strategy Planning
55 Asahi Kasei’s Sustainability
56 Green Transformation (GX)
How will you transform your business models by leveraging abundant intangible assets?
63 Special Feature Transformation driven by intangible assets
65 HR Strategy
69 Global Human Resources Roundtable
70 Maximum Use of Intangible Assets
72 IP Strategy
74 R&D Strategy
76 DX Strategy
77 DX example
How is your governance evolving along with business portfolio transformation?
79 Special Feature
Discussion between Outside Directors and institutional investors
83 Corporate Governance
92 Risk Management
94 Health & Productivity Management, ESH & QA, Production Technology
98 Respect for Human Rights / CSR Procurement
99 Compliance / Information Security
101 Financial / Non-Financial Information
104 External Evaluation
105 The Asahi Kasei Group’s Information Structure
Closing: Comments from Employees
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