Notice of revision of consolidated performance forecast and dividend forecast
2021-08-06
Asahi Kasei Corp.
secondary

The consolidated performance forecast and dividend forecast for Q1–Q2 fiscal 2021 (April 1, 2021 – September 30, 2021) announced on May 13, 2021, have been revised as shown below based on recent performance trends.

1. Revision of consolidated forecast for Q1–Q2 fiscal 2021

Previous forecast

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small
Net sales
(¥ million)
Operating income
(¥ million)
Ordinary income
(¥ million)
Net income attributable to
owners of the parent
(¥ million)
Net income per share
(¥)
1,149,000
88,500
91,500
87,000
62.70

Revised forecast

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small
Net sales
(¥ million)
Operating income
(¥ million)
Ordinary income
(¥ million)
Net income attributable to
owners of the parent
(¥ million)
Net income per share
(¥)
1,198,000
106,000
110,000
72,000
51.89

Increase (decrease)

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small
Net sales
(¥ million)
Operating income
(¥ million)
Ordinary income
(¥ million)
Net income attributable to
owners of the parent
(¥ million)
Net income per share
(¥)
49,000
17,500
18,500
(15,000)
-

Percent change

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small
Net sales
(¥ million)
Operating income
(¥ million)
Ordinary income
(¥ million)
Net income attributable to
owners of the parent
(¥ million)
Net income per share
(¥)
+4.3%
+19.8%
+20.2%
-17.2%
-

cf. Q1–Q2 fiscal 2020

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small
Net sales
(¥ million)
Operating income
(¥ million)
Ordinary income
(¥ million)
Net income attributable to
owners of the parent
(¥ million)
Net income per share
(¥)
989,387
76,769
77,474
46,781
33.72

2. Reason for revision of performance forecast

Net sales, operating income, and ordinary income are now expected to exceed the previous forecast with firm performance in each sector. Net income attributable to owners of the parent is now expected to fall short of the previous forecast due to postponement of a planned income tax reduction of approximately ¥24.0 billion in connection with reconfiguration of organizations related to Veloxis Pharmaceuticals, Inc., in the Health Care sector.

The full-year forecast for fiscal 2021 has not been revised.

3. Revision of dividend forecast for fiscal 2021

Cash dividends per share (¥)

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small
At end of Q2
At fiscal year end
Total annual
Previous forecast (May 13, 2021)
indeterminate
indeterminate
34
Revised forecast
17
17
34
cf. fiscal 2020
17
17
34

4. Reason for revision of dividend forecast

The company's basic policy is to balance investments for growth and shareholder returns by maintaining an appropriate internal reserve while aiming for stable dividends and dividend increases through continuous expansion of earnings.

The interim dividend and year-end dividend for fiscal 2021 are now each forecasted to be ¥17 per share based on a resolution of the Board of Directors dated August 6, 2021, in consideration of the above stated policy.

In accordance with Asahi Kasei's Articles of Incorporation, interim dividends are determined by resolution of the Board of Directors.

Note: This forecast is based on the best information available at this time, but actual outcomes may differ due to a variety of factors which cannot be foreseen.
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